RPA Turns Creation of Insurance Policies into Efficient Process

Challenges

• High volume of policies with variable covers and premiums being created every month.
• Need to maintain a team of underwriters for business validations.
• Error-prone, time-intensive process as data has to be entered manually on underwriting web application.

Solutions

• RPA bot reads raw policy information and validates it using business rules and the underwriting application database.
• Next, the bot calculates exact policy details and updates the underwriting application.
• RPA bot extracts the generated policy reference number and sends the user a process summary.