+91 96558 14047 (India)
+65 8237 9397 (Singapore)
+27 11 886 1707 (South Africa)
+61 8 4634 1736 (Australia)
+44 (0) 208 123 3459 (UK)
+1 315 532 7622 (USA)
Email: [email protected]
How RPA is transforming the Insurance industry
The insurance industry faces the challenge of growing competition and evolving custom demands. Above this, it is an industry that relies heavily on paper based processes and monotonous jobs, which can be resolved with automation across systems. While RPA does pose a few challenges, effective planning can help address these hurdles to offer a seamless journey.
“While the total RPA market revenue was $125 million in 2016, the total valuation of the top 3 RPA firms became $10.8 billion, with total revenue of $1 billion in 2019, and the total RPA revenue is expected to increase to $1.5 billion in 2020.” ~Forrester
RPA and Cognitive Automation connect the core insurance processes with AI, ML and other capabilities that are needed to increase efficiency, optimise operational cost, reduce
response time and help the employees focus on other important tasks.