Robotic Process Automation 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

Streamline Your Core and Back-Office Insurance Processes with Nividous Intelligent Bots

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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 […]