Insurance Intelligent Intake From submissions to cost-justifying: Podcast covers the insurance process automation bases April 24, 2023 by adamdev Our latest Unstructured Unlocked podcast fired on all cylinders, as we touched on issues ranging from how to automate insurance claims processing ā even when lawyers are involved ā to who owns automation models, and how to cost-justify intelligent intake automation efforts. My co-host Michelle Gouveia and I welcomed as our guest Stacey Brown, who […] Read more Ā»
Insurance Intelligent Intake Policy Automation Policy Servicing Why commercial insurance policy automation solutions should include policy servicing April 12, 2023 by adamdev As companies look to implement insurance business process automation, they would do well to consider a process that sits between underwriting and claims: policy servicing. Automating insurance policy servicing delivers benefits through the entire lifecycle of a commercial insurance policy, including improved employee productivity and accuracy. As with automating commercial insurance underwriting and automated automated […] Read more Ā»
Insurance Insurance Underwriting Intelligent Document Processing Deloitte survey shows technology plays a key role in insurance underwriting modernization December 7, 2022 by adamdev Itās clear the insurance underwriting process is undergoing significant change, with technology playing a starring role, and for good reasons. Insurers need to automate the underwriting process in order to keep quote ratios healthy, while taking advantage of new data sources at their disposal. Deloitte wrote about the underwriting automation issue some time ago, in […] Read more Ā»
Insurance Intelligent Process Automation Be more selective in underwriting by automating the insurance submission intake process December 5, 2022 by adamdev Effective underwriting is crucial to profitability for any insurance company and being selective about which policies to write is a key part of the process. Hereās a tip: achieving underwriting automation can help you dramatically expand the pool of policy submissions you have to choose from, driving more selectivity and, thus, profitability. Our conversations with […] Read more Ā»
Insurance Intelligent Process Automation 3 takeaways from Guidewire Connections and one common denominator: Insurance needs automation November 7, 2022 by adamdev By Tom Wilde From sessions and discussions at the recent insurance-focused Guidewire Connections conference, I came away with three big, related takeaways: in all the talk of digital transformation the insurance āmiddle officeā is being neglected, speed is increasingly becoming the killer attribute in insurance processes, and automation is critical to efficient scalability, maybe […] Read more Ā»
Insurance Insurance Underwriting How to speed up insurance submission triage and reduce underwriting leakage with artificial intelligence October 26, 2022 by adamdev A good part of the reason commercial insurance companies suffer from underwriting leakage is because examining each broker submission takes too much time. A solution lies in using artificial intelligence to help automate the insurance submission triage process, enabling the same staff to handle more submissions. The traditional submission triage process is highly manual. An […] Read more Ā»
Insurance How partnerships help drive underwriting transformation and automate the insurance submission process October 18, 2022 by adamdev Commercial insurance companies looking to automate the insurance submission request process may get a boost from a joint project Google Cloud and The Travelers Companies are working on. Their project is focused on cloud-based data and analytics tools that promise to help insurance companies get to risk selection faster with improved decision-making and loss ratios. […] Read more Ā»
Insurance Intelligent Process Automation How to automate the insurance submissions intake process and drive new premium growth October 13, 2022 by adamdev Commercial insurance companies are in a conundrum. Due to the current economic uncertainty theyāre generating lots of new insurance submission intake requests, but canāt process them nearly fast enough to capture all the potential new business at their doorstep. What companies need is a way to automate the insurance submission process and increase underwriting profitability. […] Read more Ā»
Insurance Intelligent Process Automation How intelligent automation speeds up insurance underwriting and claims processing June 28, 2022 by adamdev Insurance companies are increasingly concerned with speed, both in terms of underwriting quotes for new insurance and in paying claims faster, to keep customers happy. At the same time, theyāre struggling with the lingering effects of the pandemic on staffing, which is driving a need for technologies such as intelligent document processing to help them […] Read more Ā»
Insurance Intelligent Document Processing How intelligent document processing reduces risk for insurance companies April 13, 2022 by adamdev Because their business is all about risk, insurance companies are always looking for ways to reduce their own risk, whether of the legal, regulatory or financial variety. In my work with clients in life, property and casualty, and health insurance, Iām seeing creative ways they are applying intelligent document processing to apply automation to the […] Read more Ā»
