How robotics and cognitive automation will transform the insurance industry

| October 15, 2015

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Insurance companies are often perceived as being conservative in their approach and slower to embrace changes. Unfortunately, such inertia is no longer a viable option. Simply put, insurers who fail to embrace the cognitive journey will likely cede the important strategic advantage to competitors and new market entrants already riding the wave. Conversely, organizations that try to do too much too soon in pursuit of first-mover advantage in the R&CA space may also be at risk. Running a manageable set of pilot programs at the outset of the journey to test cognitive automation capabilities is a more sound strategy. This approach can enable the insurer to align business outcomes with the expectations and facilitate a smoother implementation downstream. Once pilot results prove out, a longer-term strategy can be leveraged to define how cognitive automation should be blended into the fabric of the organization.

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Digital Risks

Digital Risks is the first insurance provider to focus 100% on the needs of digital businesses. As digital natives ourselves, we understand their goals, motivations and frustrations better than anybody else. We’ve rebuilt business cover from the ground up leaving our customers to focus on what they do best.

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