Deploy intelligent automation in insurance to upgrade the way you operate.
Automation in the insurance industry often starts with simple Robotic Process Automation with minimal coding. Insurers are able to implement simple bots that make a noticeable impact because so much of this industry is about extracting specific data and then performing a subsequent action.
Transformative RPA in insurance is all about connecting the right system with the best people. Robotic process automation unloads your team to put the creativity and a human spark back into the service you provide. Standardise and improve the insurance industry with Jaam automation.
If you’re still processing applications, insurance claims and customer queries manually, you’re missing out. But also, you’re doing applicants and claimers a disservice. Robotic process automation in insurance simply allows you to accelerate the rate at which you can filter through all this information. More importantly, it accelerates the rate at which you can act on this data.
Time is critical in the insurance industry, not just for customers, but also for your ability to adapt and compete.
Working with Jaam’s automation consultants, we’re able to give you that edge back, providing easy-to-use software that minimises manual processing. Effective, intelligent automation within insurance can then connect multiple systems to streamline overall business operations. From claims management, through to underwriting and customer relationship management and communications, there is not much that cannot be done using the power of automation.
Automation can be intimidating. At Jaam, we don’t want it to be.
Case studies show a 200% increase in ROI within the first year of RPA deployment in insurance firms.
So often insurance companies rely on legacy systems. It’s time to rethink how things are done and to free up and invest in your workforce. An anticipated 30% of workload and team capacity can be freed by proper installation of robotic process automation within the insurance industry. Reducing repetitive, manual tasks creates a more empowered and higher skilled team. It also means that when your customers need to speak to an actual human, you’re able to facilitate that.
Jaam works closely with departments or entire businesses to implement automation in insurance. But we don’t just implement and leave you to it. We work with you to mitigate any gaps, capture any new opportunities and ensure optimisation for the biggest impact.
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Insurance automation uses tools and software to accelerate the processes involved in delivering and providing insurance to customers – from sales and CRM automation, to underwriting, managing renewals and more. Automation lends itself to repetitive tasks and processes where data is inputted and a result or product needs to be crafted based on the input – like a formula.
Robotic process automation improves efficiencies across every department in an insurance company – from admin, to customer service, to legal and compliance.
Making use of intelligent automation will also help to support your business goals, from a better renewal rate, to more efficient quoting and sales.
Research shows that the insurance industry has increased its investment in IT and new technologies by 650% between 2016 and 2021. It’s suspected that this has been a huge modernisation effort, moving towards AI and automated technologies.
As a result, it’s likely that automation will be critical in insurance for companies to remain competitive.
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