Intelligent Automation for insurance underwriting

Intelligent Process Automation (IPA) for streamlined insurance underwriting management

Introduction  Insurance Underwriting and its management is a crucial department in the Insurance industry as it helps determine appropriate pricing for the correct risks associated with businesses. However, manual underwriting risk assessments are time-consuming, prone to errors, and may cause information loss. In fact, according to Accenture, more than 50% of an average underwriter’s workday […]

IPA for non-banking financial companies

How can AI and IPA benefit the non-banking financial companies (NBFCs)

Introduction  Over the past few years, the Financial Services (FS) sector has witnessed a reduction in expenditure required for carrying out processes related to customer transactions. As more information is exchanged between channels, new data keeps accumulating. Even with the adoption of new digital technologies, many non-banking financial institutions struggled to cope with this shift […]

Intelligent_Process_Automation_for_Businesses

Make a Difference to your Business with Intelligent Process Automation (IPA)

The maturity of no-code artificial intelligence (AI) applications, including their vendors, Robotic Process Automation (RPA), Application Programming Interface (API), decision engine, and the cloud architecture has created an accessible cost elastic ecosystem. In other words, it’s an operational environment that’s freely available, cost-effective, no to low code off-the-shelf business automation solutions. This ecosystem has overcome […]

Intelligent Process Automation

The Role Played by Intelligent Process Automation for Insurance Companies – Streamlining the Customer Experience Forever

Insurance companies arguably receive a massive volume of customer inquiries every year, and many of these are not too simple to handle. Burdened with increasing requests ranging from insurance policy information to payments, and renewal to complicated grievances, insurance companies often witness a drop in work efficiency due to such high demand. Even though recent […]