Insights from The Lab

Robotic Process Automation Insurance Claims

Category: Robotic Process Automation Insurance Claims


How to reduce insurance claims leakage—and the loss ratio—via standardization, business intelligence, and robotic process automation (RPA)

Minimizing claims leakage, defining the solution, and a drilling down to specific examples within insurance claims processing In their search to boost profits and reduce their loss ratio, property and casualty (P&C) insurance carriers often turn to improving a cast of “usual suspects”: Sales, pricing, new product development, and a host of operational areas from …

Read More

Robotic Process Automation in Financial Services – an overview, examples, and how to implement RPA

Robotic process automation (RPA) is changing the way financial services operations are carried out on a daily basis. RPA solution providers are working with banks, investment management firms, and insurance companies to make the process of reducing large scale data transcribing work easier. Not only are robots being installed in back office operations of financial …

Read More
RPA in Insurance – Robot Process Automation in Insurance Claims Processing

RPA in Insurance – Robot Process Automation in Insurance Claims Processing

Robotics process automation, or RPA—that is, the use of front-end, desktop-level, no-coding required software bots to handle routine keystroke-level processes—is revolutionizing insurance. From personal and commercial insurance line underwriting and onboarding, to policyholder services and claims processing, RPA is already making drastic changes in the way that insurers operate, improving customer service and reducing cycle …

Read More

Improvements from Start-to-Finish

Since opening its doors in 1993, The Lab has helped some of the best companies in the world become even better.