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CASE STUDY

Hidden Risks in Plain Sight

How Brisc Uncovered Material Data Quality Issues Hidden Inside a “Profitable” Multi-Year Reinsurance Program — In Days, Not Months

 

Group 1000003014
 

The Situation

When a reinsurer closed out a multi-year program showing positive profitability, the numbers looked good on the surface. However, a comprehensive deal review revealed what traditional reconciliation processes had missed: systematic data quality issues hiding in plain sight across years of bordereaux reporting.


With bank statements, premium bordereaux, and claims data spanning multiple treaty periods, leadership needed answers fast: Were the reported profits accurate? What control weaknesses existed? What was the true financial position? Inaccuracy in even a small percentage of records can signal deeper systemic risks—and traditional audits only surface these problems after issues have already emerged.

 

The Challenge

To confirm the true financial position of the program, the reinsurer needed a way to uncover and understand issues before they became material exposures, including: 

  • Claims with no policies
  • Losses outside of policy periods
  • Premium anomalies
  • Unexplained trust account variances
 

The Solution

The reinsurer leveraged Brisc's Bordereaux Reconciliation AI Agent to automate what would have taken months and surface what manual processes and traditional audits routinely miss.

  • Ingested and normalized four years of premium and claims data
  • Matched and reconciled across premiums, claims, and collateral accounts
  • Flagged discrepancies and anomalies at scale
  • Generated a transparent, defensible audit trail in days

The Results

Brisc uncovered data discrepancies that resulted in a 12% uplift in the program’s true profitability — value the reinsurer would not have otherwise identified.

12%

Of expected settlement value identified in discrepancies.

35+ 

Data quality issues flagged with resolution recommendations.

100%

Coverage with every policy, claim, and payment analyzed.

90%

Faster than traditional forensic audits, with higher accuracy.

How Brisc Delivered Complete Transparency

01.

 

Ingest & Normalize

  • Multi-year bank statements analyzed

  • ITD premium and loss bordereaux processed

  • Treaty documentation across multiple agreements

  • 100,000+ premium records reconciled

 

Audit Dashboard
Reconciliation

02.

 

Reconcile with Precision

  • Cross-referenced policies, claims, and payments

  • Validated dates against policy periods

  • Identified orphaned transactions

  • Automatically flagged data quality issues

 

03.

 

Deliver Defensible Outputs

  • Complete audit trail across all findings

  • Treaty-level performance breakdowns

  • Categorized discrepancies with recommendations

  • Chain-of-custody documentation

 

Brisc Audit UI [Mockups] (3)

The Transformation

The program appeared profitable — but without this analysis, leadership would never have known about the systematic control weaknesses hidden beneath the surface.

Traditional annual audits would have missed these issues entirely or found them months too late. Sampling-based reviews simply cannot detect the patterns Brisc revealed.

Brisc didn’t just find errors; it exposed process gaps that could have created much larger problems as the portfolio scaled. And with automated monitoring now in place, issues are caught immediately — not at year-end or during disputes.

What's Hiding In Your Bordereaux?

You can't manage risks you can't see. And you can't see risks if you're only looking once a quarter or once a year. Brisc's AI-powered deal monitoring capabilities provide complete transparency into program performance, data quality, and control effectiveness—in days, not months.

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