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Scale Your Insurance Business with Policy Renewal Automation

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Scale Your Insurance Business with Policy Renewal Automation Automation is the future of efficiency. From autopiloted cars to smart homes, automation has undeniably become part of our lives. Relieving us from manual tasks, helps us focus on interesting and engaging tasks while eliminating tedium. When it comes to the insurance industry, an automation strategy can […]

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Insurance Automation: The way forward

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Insurance Automation: The way forward The heads of operations, innovation, technology and the C-Suite within insurance are aware of the automation. Document processing solutions and intelligent automation offer an integrated way to extract data for insight and analysis while automating the repetitive document processing. Artificial intelligence (AI) can be used by insurance companies throughout workflows.

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How James G Parker Insurance Association saved up to 75% on time taken to check policy documents using ExdionEDGE

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How did ExdionEDGE Insurance Policy Check Helped James G Parker Save 75% As we stated in our previous blog, the insurance industry has been a paper-intensive industry with repetitive, manual processes. There is always the looming risk of Errors and Omissions (E&O). This is why insurance leaders are looking for ways to streamline their most

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Policy Checking Automation: A Boon for insurance agencies and brokers

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Policy Checking Automation: A Boon for insurance agencies and brokers There are varying sets of clauses in the insurance policies for different sectors  for Eg automobile or workers’ compensation. These policies need to be packaged in different forms of documentation.  Insurers need to pay maximum attention to every detail in the policy packaging – this

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The Insurance Data Lifecycle – All about Data Extraction

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The Insurance Data Lifecycle – All about Data Extraction In today’s data-driven insurance landscape, speed and accuracy are everything. From policy underwriting to claims processing, insurers are handling massive volumes of information daily much of it buried in complex, unstructured documents. This is where insurance data extraction plays a crucial role.  By leveraging automation technologies

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How The Connected Insurance Ecosystem Is Bringing New Life To The Industry

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How The Connected Insurance Ecosystem Is Bringing New Life To The Industry Many industries have embraced digital transformation and the insurance industry has also started following suit. Focusing on offering additional services aided by technology to help retain and attract new customers has become imperative for the insurance industry. Technology has the potential to make

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Technologies driving Insurance into the Digital Age

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Technologies driving Insurance into the Digital Age Technology in insurance industry has the potential to transform the sector as we know it. Digital technology can drive significant changes in the modern insurance domain. For modern insurers, the ever-changing landscape of the insurance industry has led to the advancement of technological acceleration in the entire sector. 

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Common Errors and Omissions Claims Against Insurance Agents

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Common Errors and Omissions Claims Against Insurance Agents Costly errors and omissions claims in insurance have increased substantially over the past few years. This is why insurance agents need to take concrete steps to protect themselves.  The biggest risk of being an insurance agent is the inaccuracy of errors and omissions claims. These claims can often accrue

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6 Major Use Cases for Advanced Data Analytics in Insurance Industry

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Data Analytics in Insurance: Key Benefits and High-Impact Use Cases The insurance industry is known to be a high-risk industry. Having to constantly navigate through claims procedures, pricing and promotion while minimizing compliance risks at all times can be quite a challenge.    Insurance companies rely heavily on data and statistics for quicker decision-making. This data

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How Automation Helps Manage Insurance Applications and Renewals Efficiently

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How Automation Helps Manage Insurance Applications and Renewals Efficiently The insurance industry is undergoing a digital revolution. In the past, in-house teams had to spend a huge chunk of time manually combing through applications to spot errors and omissions. Missing information, incorrect data, policy mismatch and improper renewal have all required a human eye to

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