- 92%Reduction in premium calculation time85%Reduction in manual effort and risk of human error95%Data accuracy with end-to-end streamlined processes
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.
Integrate Legacy Systems
Enhance Service Delivery
Offer Customized Solutions
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.View On-Demand