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Even before I was born, more than 55 years ago Hanna-Barbera envisioned a life of automation and robots as demonstrated in their animated sitcom The Jetsons. In this cartoon series, it is uncanny how the writers accurately depicted what it would be like for an ordinary family to live in the 21st century. Most popular of all of Jetson’s whimsical inventions was their beloved robot named Rosie, who could perform all the manual tasks in the family household. Today, we may not have robots in physical form, but the concept of automating high volume, structured, repeatable processes are at the root of Software Bots’ capabilities in Robotic process automation.
As defined by Wikipedia:
Robotic Process Automation (or RPA) is an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.
Underwriting, Claims and Client Servicing have a vast amount of highly manual, repetitive processes that can significantly slow down the servicing of a policy or claim while also adding significant overhead costs to the company’s operations. Insurers who adopt an RPA strategy have an opportunity to build a more responsive business model by off loading administrative tasks that are very structured repeatable process, where the same decision is made every time in the same circumstance. Software Bots can process higher volumes of task more quickly and more accurately than a human. This emerging technology will change the competitive landscape in insurance for years to come by removing nonessential tasks from knowledge workers, giving them back more time to focus on the customer experience and spending their valuable time on more meaningful work.
Deloitte recently released a report of Robotic process automation and cognitive technologies in insurance and their view of the impact of these technologies may have on the industry:
RPA Bots can in essence “mimic” insurance workers low valued tasks by performing date entry, opening emails, applications, and websites, cut and pasting data across multiple systems, etc.
· Pen, log in, and toggle between different applications and systems.
· Copy and paste data from spreadsheets to core systems.
· Move data from core systems to spreadsheets.
· Move information from Core System A to Core System B.
· Pull data from invoices into a core system.
· Open an email and move its data into a core system.
· Move files and folders from desktops to servers.
· Scrape information from the internet and websites.
· Calculate data automatically to create reports.
REQUORDIT has the tools and experience to deliver proven solutions leveraging a leading RPA technology that could provide significant advantage for your organization.
Don’t wait for this opportunity to pass you by. Learn about it today.
has more than 30 years of experience working within the insurance industry and is a foremost expert on the practical application of content services platforms in insurance. In her role as Global Director Insurance at REQUORDIT, she has worked with more than 2,000 insurance organizations to successfully reduce operating expenses, increase efficiency, and positively impact their bottom lines.
Insurance is inundated with highly complex processes. REQUORDIT can help you maximize the potential of your team by helping automate many of the repetitive manual tasks across the insurance organization.
Discover new opportunities for solving business needs with Hyland Robotic Process Automation.
Even before I was born, more than 55 years ago Hanna-Barbera envisioned a life of automation and robots as demonstrated in their animated sitcom The Jetsons. In this cartoon series, it is uncanny how the writers accurately depicted what it would be like for an ordinary family to live in the 21st century. Most popular of all of Jetson’s whimsical inventions was their beloved robot named Rosie, who could perform all the manual tasks in the family household. Today, we may not have robots in physical form, but the concept of automating high volume, structured, repeatable processes are at the root of Software Bots’ capabilities in Robotic process automation.
As defined by Wikipedia:
Robotic Process Automation (or RPA) is an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.
Underwriting, Claims and Client Servicing have a vast amount of highly manual, repetitive processes that can significantly slow down the servicing of a policy or claim while also adding significant overhead costs to the company’s operations. Insurers who adopt an RPA strategy have an opportunity to build a more responsive business model by off loading administrative tasks that are very structured repeatable process, where the same decision is made every time in the same circumstance. Software Bots can process higher volumes of task more quickly and more accurately than a human. This emerging technology will change the competitive landscape in insurance for years to come by removing nonessential tasks from knowledge workers, giving them back more time to focus on the customer experience and spending their valuable time on more meaningful work.
Deloitte recently released a report of Robotic process automation and cognitive technologies in insurance and their view of the impact of these technologies may have on the industry:
RPA Bots can in essence “mimic” insurance workers low valued tasks by performing date entry, opening emails, applications, and websites, cut and pasting data across multiple systems, etc.
· Pen, log in, and toggle between different applications and systems.
· Copy and paste data from spreadsheets to core systems.
· Move data from core systems to spreadsheets.
· Move information from Core System A to Core System B.
· Pull data from invoices into a core system.
· Open an email and move its data into a core system.
· Move files and folders from desktops to servers.
· Scrape information from the internet and websites.
· Calculate data automatically to create reports.
REQUORDIT has the tools and experience to deliver proven solutions leveraging a leading RPA technology that could provide significant advantage for your organization.
Don’t wait for this opportunity to pass you by. Learn about it today.
has more than 30 years of experience working within the insurance industry and is a foremost expert on the practical application of content services platforms in insurance. In her role as Global Director Insurance at REQUORDIT, she has worked with more than 2,000 insurance organizations to successfully reduce operating expenses, increase efficiency, and positively impact their bottom lines.
Insurance is inundated with highly complex processes. REQUORDIT can help you maximize the potential of your team by helping automate many of the repetitive manual tasks across the insurance organization.
Discover new opportunities for solving business needs with Hyland Robotic Process Automation.
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