How Can Robotic Process Automation Help Insurance Companies?

| May 8, 2018

article image
The insurance sector now is at an exciting digital crossroad. There is a lot of speculation regarding certain trends disrupting this sector and redefining the process of policy underwriting in the industry. Trends like machine learning, AI and advanced data analysis are propelling major changes in the business models to help small and niche-based players. Customer engagement remains a top priority with regards to digitizing the industry and it is recommended for insurance companies to invest in such digital automation technologies.

Spotlight

SCOR

SCOR is organised around two main businesses, Property and Casualty reinsurance and Life reinsurance, plus an asset management business, SCOR Investment Partners.

OTHER ARTICLES

Does Business Interruption Insurance Cover COVID-19 Closures?

Article | April 2, 2020

Our clients are asking us: Do commercial property and, specifically, business interruption insurance policies provide coverage for COVID-19-related losses? As discussed below, it is critical that you promptly review your company’s policies, exclusions and relevant endorsements to evaluate whether your business has coverage in the wake of COVID-19. If appropriate, you should make a claim with your insurance carrier.

Read More

Does Your Business Interruption Insurance Cover COVID-19-Related Losses? Are You Sure?

Article | April 8, 2020

The COVID-19 coronavirus emergency has everyone scared, and many are imagining the worst. For business owners and managers, there is a fear that what you, your employees, and your customers or clients have built will be lost – through no fault of your own. And we don’t know how long the financial impact of the pandemic will continue.

Read More

The Impact of InsurTech on the Property/Casualty Sector

Article | February 20, 2020

The latest figures from a Willis Towers Watson report shows that investment in insurance technology, or InsurTech, reached an all-time high in 2019 at $6.37 billion, with funding in the Property/Casualty sector representing the lion’s share over its Life/Health counterpart. InsurTech is designed to disrupt and change the way the insurance distribution system conducts business, upping the game in delivering tailored product lines, reducing friction in client transactions, providing a better on-line customer experience, and assessing risk scenarios to provide new offerings.

Read More

Digital transformation in the Insurance industry: are you there?

Article | April 1, 2020

The insurance industry is powered by vast and growing volumes of data and stands to benefit from eliminating the manual processes and workflows that other industries have already replaced. While the largest insurers can easily afford the new technologies and digital transformations necessary to stay competitive, smaller and mid-size organizations are struggling. If they don’t finish the task of transitioning away from paper-based, manual processes they risk falling behind and losing money.

Read More

Spotlight

SCOR

SCOR is organised around two main businesses, Property and Casualty reinsurance and Life reinsurance, plus an asset management business, SCOR Investment Partners.

Events