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Improve Insurance Underwriting with Intelligent Automation

Automation Anywhere

When it comes to underwriting, the goal for insurance carriers is to determine the right price for the right risk. Meeting that goal can help them not only be competitive in today's crowded, highly demanding insurance market but also assist them in achieving profitable growth with reasonable loss ratios.

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Transformation Imperatives for Wholesalers and MGAs in Insurance: Exploring Opportunities to Unlock the Next Growth Phase | Blog

Everest Group

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity.

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Capital Markets Operations – Services PEAK Matrix® Assessment 2023

Everest Group

They are offering solutions that accelerate the shift from robotic process automation to intelligent automation and bringing in technologies such as predictive and prescriptive analytics, ESG profiling, and distributed ledger technology.

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Capital Markets Operations – Services PEAK Matrix® Assessment 2023

Everest Group

They are offering solutions that accelerate the shift from robotic process automation to intelligent automation, and bringing in technologies such as predictive and prescriptive analytics, ESG profiling, and distributed ledger technology.

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5 Bots to Improve Customer Service

Automation Anywhere

Many of those experiences can be avoided by call centers employing intelligent automation that combines Robotic Process Automation (RPA) with artificial intelligence (AI) and machine learning (ML). Take insurance, for example. Wait times, errors, and the need to repeat information can be reduced.

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Your Guide to Business Process Automation (BPA)

Metasource

BPA solutions typically consist of document capture , workflow automation , and robotic process automation (RPA) software. Document capture software efficiently extracts critical information from documents during the scanning process and passes it off to the correct system for electronic storage.

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Healthcare Payer Processes Ripe for Automation

Automation Anywhere

Automation is an exciting area for healthcare industry players — particularly healthcare payers — to invest in. This means taking a closer look at Robotic Process Automation (RPA) to automate business processes. The figure below shows some of the business processes that healthcare payers currently rely on.