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  • An Insurance Company Uses Nividous Smart Bots-Enabled Intelligent Automation for its Underwriting Process
A-Leading-Life-Insurance-Company-Automates-Underwriting-Process-of-New-Business-Case-Study-v1-opt
 

An Insurance Company Uses Nividous Smart Bots-Enabled Intelligent Automation for its Underwriting Process

 
>50%

Reduction in process turnaround time

6000

Staff-hours saved per months

100%

Reduction in human errors

75%

Throughput leading to increased business value

Industry

  • Insurance

Processes Automated

  • Underwriting of business proposals/policy applications
  • Premium calculation
  • Customer onboarding using AI and ML
  • Auto-termination pay-outs
  • Mobile automation using WhatsApp

Hyperautomation Highlights

  • Native Computer Vision-based OCR capabilities for data extraction
  • Nividous RPA Bots perform required validations on the extracted data against an internal application and a range of documents

Underwriting Process Automation for a Leading Insurance Company

The process of scrutinizing new business proposals/policy applications for underwriting was highly manual and time-intensive. 25 full-time scrutinizers were hired to perform hundreds of validations by manually comparing new proposals against data residing in an internal application and several identity documents.

The manual process of underwriting new proposals is now completely automated with the help of Nividous RPA Bots and Nividous Smart Bots. The Smart Bots come with native Computer Vision-based Optical Character Recognition (OCR) capabilities for accurate data extraction.

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Testimonial-Icon
 

The automation of the end-to-end process has saved thousands of staff-hours and expedited the process significantly. We are able to reduce our FTEs from 25 to 5 who are now involved in only exception management.

Director – Operations and IT

A Leading Life Insurance Company

 

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About Nividous

Nividous, an intelligent automation company, is passionate about enabling organizations to work at their peak efficiency. From day one we, at Nividous, have focused on building a unified intelligent automation platform that harnesses power of RPA, AI and BPM. These three key pillars of holistic automation are natively available within the platform. With continuous innovation in our products and services, we endeavor to help our customers improve their competitive advantages.

www.nividous.com

About Nividous

  • Nividous, an intelligent automation company, is passionate about enabling organizations to work at their peak efficiency. From day one we, at Nividous, have focused on building a unified intelligent automation platform that harnesses power of RPA, AI and BPM. These three key pillars of holistic automation are natively available within the platform. With continuous innovation in our products and services, we endeavor to help our customers improve their competitive advantages. www.nividous.com

Automation

  • Robotic Process Automation
  • Attended vs. Unattended RPA
  • Artificial Intelligence and RPA
  • What is Intelligent Automation
  • Intelligent Document Processing
  • What is Hyperautomation
  • Accounts Payable Automation
  • Revenue Cycle Management

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  • Finance & Banking
  • Insurance
  • Healthcare
  • Manufacturing
  • Life Science
  • Logistics and Supply Chain

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Automation

  • Robotic Process Automation
  • Attended vs. Unattended RPA
  • Artificial Intelligence and RPA
  • What is Intelligent Automation
  • Intelligent Document Processing
  • What is Hyperautomation
  • Accounts Payable Automation
  • Revenue Cycle Management

RoI Calculator

Industries

  • Finance & Banking
  • Insurance
  • Healthcare
  • Manufacturing
  • Life Science
  • Logistics and Supply Chain

Product

  • Nividous Platform
  • Studio
  • RPA Bots
  • Smart Bots
  • Control Center

Request Demo

Services

  • Quick Start Guarantee
  • Professional Services
  • BPM Implementation

Resources

  • Case Studies
  • Webinars
  • Analyst Reports
  • eBooks
  • Videos
  • Blogs

Community

Company

  • About us
  • Partners
  • Customers
  • Events
  • News
  • Careers

Contact

  • [email protected]
  • +1 (442) 444 2767

Mumbai, Ahmedabad, Moorestown, Sacramento, Hertfordshire

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