Robotic Process Automation in Insurance Industry
Jul 11, 2017
(RPA) applies specific technologies to automate routine, standardized tasks in support of an enterprise’s knowledge workers. By freeing human employees from these mundane tasks to apply themselves to core business objectives, RPA offers a number of compelling benefits to the workplace. – Institute for Robotic Process Automation ...
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How can BI help in adhering to insurance industry regulations?
Mar 27, 2017
Developing an adaptable strategy for regulatory challenges and adhering to industry regulations, along with a good ROI for each investment is a tough nut to crack.Every big insurance company has multiple portfolios which are managed by different managers. Each investment manager should adhere to 3 levels of regulatory compliance...
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Business Intelligence Needs of Insurers
Feb 18, 2017
The insurance industry has gone through many changes in the past few years. The interaction between insurers and customers has changed a great deal and strong competition is forcing insurers to take quick steps in building closer ties with their customers. There are many business intelligence tools out there which work great for...
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Claim Analysis and fraud detection Using Business Intelligence
Feb 02, 2017
Fast and effective claim handling is the base for customer relationships in the insurance industry, but insurance companies also have to protect themselves from the fraud claims that they might be faced with time to time.A new study from the Insurance Research Council (IRC) estimates that claim fraud and buildup added between $5...
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Insurance Risk Management and Business Analytics
Jan 16, 2017
Insurance is a risk-transferring mechanism that ensures full or partial financial compensation for the loss or damage caused by event(s) beyond the control of the insured party. And in turn, risk management is very important for the insurance industry. Insurers consider every available quantifiable factor to develop profiles of ...
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