The underwriting process in the insurance industry involves analyzing and evaluating a client's risk profile to determine the insurance coverage and premium. The process includes collecting and reviewing a large amount of data such as medical records, credit history, and past insurance claims

Challenges:

• Manual underwriting process is time-consuming and prone to errors,
• Delays in policy issuance and increased costs

Solution:

• RPA robot automates data collection and analysis
• Performs risk assessment based on predefined rules
• Generates underwriting reports and policy documents

Results:

• Faster policy issuance
• Reduced costs
• Improved accuracy

Type of Robot

Unattended

Process Scheduled

Daily

Item processed/hrs

100

Application
 

Tools