DIGITAL TRANSFORMATION AND HYPER AUTOMATION How Can Robotic Process Automation Help in Insurance Sector 1
IDEATION •
INNOVATION
COLLABORATION
SOLUTION
4 • Cancellation process involves many transactional tasks such as matching cancellation date, initiation date, policy terms, etc. With RPA in Insurance, policy cancellation can be carried out in just less time and faster.
RPA can help us to easily gathering data from various sources to be used at the centralized documents so that the claims can be processed in much faster pace.
Claims Processing
Policy Cancellation
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5 •
Insurance industry where data is entered manually to the system like quotations, insurance claim etc. This is a very time consuming and also expensive process. RPA can easily get the work done in no time.
Data Entry Process
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3 •
RPA is helping companies improve regulatory processes as it essentially replaces the need to devote significant staffing to go through operations to enforce regulatory compliance manually.
• RPA expedite tasks such as extracting information from multichannel and can gather data like company name, industry sector, contact persons, etc. from public listings, and fill in at least parts of the forms. This will be Less hassle for potential customers.
Customer onboarding • RPA can ease the major time consuming and daunting task of sales and distribution in insurance. Creation of sales scorecards to notifications push to agents, conducting compliance, legal and credit checks etc.
Regulatory Compliance
Sales and Distribution
DIGITAL TRANSFORMATION MAGIC USING TECHNOLOGIES, TOOLS AND METHODS.
MOBILE-TECH
ARTIFICIAL INTELLIGENCE
CYBER SECURITY
HYPER AUTOMATION
AR/VR
INTERNET OF THINGS
BIG DATA
DESIGN THINKING
CLOUD
WEB-TECH