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Insurance companies process vast amounts of data into actionable insights to improve underwriting, claims, and policyholder service. Insurers are reinventing their business models and replacing legacy platforms with emerging technologies to meet customer expectations. Robotic process automation (RPA) enables organizations to access data across disparate systems and automate repetitive manual tasks. With manual processes automated, employees can focus on developing innovative insurance products, accelerating claim handling, and improving fraud detection.
Automate repetitive, transactional tasks related to data collection and report generation.
Quickly access diverse sources of data to enhance underwriting and fraud detection.
体育在线365Improve speed of service delivery by automating policy administration and agency management processes.
体育在线365Over 40% of Property & Casualty (P&C) insurers are already using RPA to increase productivity and improve the quality of insurance operations. RPA enables insurers to alleviate manual processes that inhibit organizations to effectively assess, price, and manage insured risks.
Use RPA to:
Automate first notice of loss (FNOL) and adjudication processes to accelerate claim handling for policyholders.
Use RPA to gain better insights about policyholder preferences and personalize solutions to meet customer needs.
Automate access to data in legacy systems to allow underwriters to quickly make product and pricing calls based on real-time information.
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Add machine learning capabilities through advanced cognitive automation.
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