An Insurance Industry Leader Automates Premium Calculation Process with Nividous RPA

Register for Webinar

Getting Started with Automation
January 30th   1:00 PM EDT

Register for Webinar

Robotic Process Automation in the Insurance Industry
October 31st   1:00 PM EDT


Register for
Webinar

Register for
Webinar
Leading Insurer Modernizes its Pricing Model for Liability Insurance with Nividous Bots
     

    A Leading Insurer Modernizes its Pricing Model for Liability Insurance with Nividous Bots

     
    14

    Quotes per second at peak load

    92%

    Process time reduction

    5000

    Quotes per day

    80%

    Improved data accuracy

    Industry

    • Insurance

    Processes Automated

    • Premium calculation
    • Customer onboarding using AI and ML
    • Auto-termination pay-outs
    • Mobile automation using WhatsApp

    Automation Highlights

    • The automation platform enabled a service-based architecture, enabling quick and seamless integration with Partner Banks, Mobile Applications, and Core Business Systems

    A leading life insurance company in India

    The customer is present in over 1,000 cities and towns through more than 10,000 points of sale. The sales process for their Liability Insurance Portfolio involved hours of complex, excel-based premium calculations. The time commitment associated with these calculations prevented precise and rapid customer service and resulted in lower conversion rates. Nividous RPA Bots simplified the premium calculation process by automating the dynamic pricing model.

    Download Full Case Study
    parallax background
     

    The Pricing Model BOT is truly a disruptive solution and the first of its kind in the industry. The BOT works in both attended and unattended modes. Based on the early success, we plan to expand the use of the RPA solution for increased operational speed and agility.

    Director – Operations and IT

    A Leading Life Insurance Company

     

    Kick Start Your RPA Journey with Nividous RPA Quick Start Program

    Kick Start Your RPA Journey with Nividous RPA Quick Start Program

    Latest Blogs

    October 31, 2019
    Utilization of RPA to Balance Risk and Reward in Insurance

    Utilization of RPA to Balance Risk and Reward in Insurance

    Client bases and services offerings in the insurance industry are expanding, causing markets around the world to swell. According to research completed by Munich Re1, global […]
    September 10, 2019
    leverage-power-robotic-process-automation-blockchain-technology-blog-feature

    How to leverage the power of Robotic Process Automation with blockchain technology?

    Today, Robotic Process Automation (RPA) technology is reliably used by businesses across industries to automate simple to sophisticated business processes. Companies are confident in its fast […]
    July 19, 2019
    The-Role-of-RPA-and-AI-in-the-Digital-Evolution-of-Wealth-Management-Industry-blog-feature

    The role of Intelligent Automation in the wealth management industry

    The growing number of millennials are forming a whole new customer base that is more demanding and connected with technology as never before. This customer base […]