RPA for Insurance2019-05-17T11:22:37+00:00

AutomationEdge Robotic Process Automation with AI solution allows you to automate business processes rapidly. Robotic process automation utilizes intelligent robots known as virtual workforce (or bots) which can interact with software applications like ERP systems, service desks, databases and other business applications.

Insurance companies are vigorously immersed with back-office forms as most of the documentation process is paper based. Insurers regularly handle an exceptionally high volume of business processes like claims-processing and underwriting as well as providing policy quotes manually which creates significant delay in time and also affects the customer satisfaction, business conversion and profitability.

AutomationEdge RPA with AI capability can analyze large volumes of data and deal with exceptions and translate them into insights to take actions. AutomationEdge RPA can go beyond just cost reduction and efficiency by adding significant value to businesses with personalize and higher degree of self-service.

Thus, numerous insurance agencies worldwide are focusing on intelligent automation to streamline their business procedures and enable them to attend new customers and focus on growing business.

How RPA helped Insurance Companies?

Automation Candidates in Insurance

While some of these organizations as of now make utilization of halfway automation — to check paper records or to accelerate information section, for instance — more prominent robotization capacities will be offered to insurance process by using Robotic Process Automation (RPA). RPA can give added support to help insurance companies automate whole work processes and streamline a more prominent number of their operational exercises.

Entry

  • Insurance quote generation
  • Proposal generation

  • Policy generation

  • Renewals

  • Underwriting

Servicing

  • Endorsement

  • Reporting

  • Claims for Insurance

  • Reimbursement/Cashless Mediclaim

  • No Claim Bonus(NCB) transfer (B to B)

  • Payment/Premium Suspense

Exit

  • Surrender

  • Death Claim for Life Insurance

  • Maturity Claim for Life Insurance – Money Back
  • Claims Payout

Benefits of Robotic Process Automation

Good Work Speaks for Itself

“Congratulations AutomationEdge team. Happy for AutomationEdge and it deserved this Gartner recognition. We are super satisfied with the RPA product.”

Goutam Datta, Vice President,ICICI Lombard General Insurance Co. Ltd.
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