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Preux

A London software firm of senior builders. Custom software for real operations, taken to production.

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Preux

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Fintech · Platform · insurance

Processing policyholder compensation when an insurer fails

Monthly claims capacity doubled to 16,000 and 480,000+ legacy files migrated — under full regulatory scrutiny.

Files migrated

480,000+

Monthly claims

8k → 16k

Implementation

14 months

The challenge

When the market was hit by several insurer failures, the fund was overwhelmed by a surge of claims — managed through fragmented, manual processes, with claims arriving as unstructured emails and no way to track them in real time.

Buried in inbox folders, staff couldn't give policyholders clear answers or quick updates, right when they needed certainty most.

Our approach

Delivered through the Preux network on our compliance-ready platform over a 14-month implementation: a governed claims workflow from first claim to final payment, with audit and access control built in.

Modern accounting principles — legal reserves and currency dynamics — are modelled into the platform, and 480,000+ legacy files were migrated into a secure, searchable environment without disrupting live operations.

Outcomes

  • Monthly processing capacity doubled, from 8,000 to 16,000 claims
  • 480,000+ legacy files migrated, every claim tracked through an immutable workflow
  • Policyholders track their claims in real time through a portal on any device

Client

Policyholders' Guarantee Fund

Sector

Fintech

Discipline

Platform · insurance

Engagement

In production

Next case

Unifying six clinic systems into one — scheduling to billing

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