RPA in Insurance | Business Use Cases and Benefits | Nividous RPA

RPA in Insurance

Reduce Risk. Accelerate Processing. Improve Customer Relationship.

Success Story

  • Leading Life Insurer Modernizes its Pricing Model for Liability Insurance using Nividous RPA Bots

    Nividous RPA platform simplifies a manual and highly complex end-to-end premium calculation process for the Liability Insurance Product by automating its dynamic pricing model function that generates bulk premium rate tables for quotations. The RPA solution has also enabled a service-based architecture for quick and seamless integration with partner banks, mobile applications, and core business systems.

Automate Unstructured, High-volume Processes with AI-driven RPA to Meet Customers’ Demands

Customers demand proactive communication, self-service options, and data access on the go, and the insurance industry is no exception. Obsolete models, inflexible legacy systems, and paper-intensive processes limit the speed of delivery. Intelligent RPA solution enables faster onboarding, reduced claim processing timelines and lower costs– all while delivering transparent, and multi-channel customer experiences, 24x7.

Webinar

Robotic Process Automation in the Insurance Industry

Reimagining insurance with RPA enabled solutions

The insurance industry is witnessing a rapid expansion on a global scale and Robotic Process Automation can empower insurance companies to cope with the change. Robotic Process Automation (RPA) in the insurance industry has proven to be a game changer when applied to core processes such as claim management, underwriting, policy acquisition and services, and back-office operations. Join Alan Hester, President at Nividous as he talks about the RPA use cases in the insurance industry.

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Build Customer Loyalty while Reinventing Business Models with RPA

Advanced automation allows faster data processing by connecting discrete systems, fewer errors, and greater operational efficiency; Employees can focus on adding more value to customer engagements to strengthen their loyalty.
Customer-onboarding

Customer Onboarding

RPA Bots can automate several tasks related to online/offline applicant form filing, document and compliance check and validation, decision policies and rules/straight-through processing, etc.
Claims-processing

Claims Processing

Automate claim processing using bots that can extract and map data from any channel, and verify it based on highly configurable rules. Get complete visibility with auto-generated audit trails.
Sales-underwriting

Sales and Underwriting

Automate process such as application submission, risk assessment/evaluation, quote generation, contract issuance and acceptance by combining RPA, AI and ML technologies.
Policy Validation Cancellation

Policy Validation & Cancellation

Claim Settlements

Claim Settlements

Premium Reconciliations

Premium Reconciliations

Compliance Reporting

Compliance Reporting

Standardized Document Processing

Standardized Document Processing

Medical Verification Processing

Medical Verification Processing

Bulk-Payments-v1

Bulk Payments

Data-exraction-and-cleaning-v1

Data Extraction & Cleansing

Guaranteed Production Roll-out of a Trained Bot in 3-4 Weeks

Guaranteed Production Roll-out of a Trained Bot in 3-4 Weeks

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