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Case Study

Insurance carrier transforms derivative operations, achieves nearly 80% time savings


Focusing on improving process efficiency, modernizing technology capabilities, enabling scalability, and improving controls, a major insurance carrier worked with Chatham Financial to achieve a highly effective program that reduced time spent on derivatives operations by nearly 80 percent.

Key takeaways

  • Leadership at a major insurance carrier worked to transform derivative operations with a focus on improving process efficiency, modernizing technology usage, and enabling growth and scale while improving the control environment.
  • They engaged Chatham Financial to assist with these efforts and to partner with the organization in their derivative transformation process and future solution.
  • The partnership achieved its objectives, resulting in more than 4,000 hours of time savings and a nearly 80% reduction in time spent on derivatives operations.

Company goals

    • Leverage advanced technology to improve operational efficiencies, shorten the close cycle, and enable program growth and scale

    • Improve the control environment and enhance data integrity

    • Elevate personnel to focus on strategic impact and drive organizational collaboration

    • Develop independence for critical functions (valuations, settlements, collateral) and reduce key-person risk

    • Increase transparency and insights into derivative strategies

    Key activities

      • Provided operational support for derivatives program to minimize key-person risk

      • Identified and implemented process improvements to streamline operations

      • Automated manual processes on the ChathamDirect platform


      • Full-time employee (FTE) hours spent on derivative operations reduced by nearly 80%

      • Time savings enabled team to focus on more strategic initiatives

      • Controls and data integrity improved

      • Increased transparency and process documentation

      • Automated, scalable processes position the organization for growth

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      About the author


      Chatham Hedging Advisors, LLC (CHA) is a subsidiary of Chatham Financial Corp. and provides hedge advisory, accounting and execution services related to swap transactions in the United States. CHA is registered with the Commodity Futures Trading Commission (CFTC) as a commodity trading advisor and is a member of the National Futures Association (NFA); however, neither the CFTC nor the NFA have passed upon the merits of participating in any advisory services offered by CHA. For further information, please visit

      Transactions in over-the-counter derivatives (or “swaps”) have significant risks, including, but not limited to, substantial risk of loss. You should consult your own business, legal, tax and accounting advisers with respect to proposed swap transaction and you should refrain from entering into any swap transaction unless you have fully understood the terms and risks of the transaction, including the extent of your potential risk of loss. This material has been prepared by a sales or trading employee or agent of Chatham Hedging Advisors and could be deemed a solicitation for entering into a derivatives transaction. This material is not a research report prepared by Chatham Hedging Advisors. If you are not an experienced user of the derivatives markets, capable of making independent trading decisions, then you should not rely solely on this communication in making trading decisions. All rights reserved.