• Categories

Strategic Technology Trends in Insurance

  “Strategic technology trend is one with substantial disruptive potential, that is beginning to break out of an emerging state into broader impact and use, or which are rapidly growing trends with a high degree of volatility reaching tipping points over the next five years”, says Gartner. These technology trends shall enable insurers to expand […]

InsurTech : Trends and Innovations in 2019

When I look back at how rapidly InsurTech is evolving over the years, it makes me wonder what will happen in the next few years. Although we cannot be sure of the technological advancements we can predict some of them for the next year. Could 2019 be the year of some more interesting digital transformation […]

How RPA in Banking is beneficial

Banking Industry has been transforming over the years. Technology has allowed the banks to manage their data much better making it centrally available. This data is also used now to get insights that were previously not possible. Over the years the core banking function has involved a lot of people. With people, there is always […]

Cognitive Automation and it’s importance

Cognitive automation describes the process where intelligent systems are brought into execution to ease the information-extensive processes. It is mostly associated with RPA (robotic process automation), but it shouldn’t be confused with machine learning. The crux of cognitive automation is first to mimic the human experience and then to extend its capabilities for possible future […]

Insurance as a service

The past years have witnessed the strong traction of banking as a service which has paved the way for the Insurance industry to follow suit.  Before proceeding on with the details of insurance as a service, it is essential to understand what does the term “XYZ as a service” actually means. The idea behind “XYZ […]

Insurance Chatbot & the Automated Insurance Agent

What is it that comes to your mind when you think of a “Chatbot”? For me, it always reminds me of Siri, Alexa who can chat with us just like real humans. So, a chatbot is an automated system that is designed to interact with humans to the extent that they do not even realize […]

How RPA will revolutionize the IT processes

Robotic Process Automation(RPA) is a software that is designed to mimic the human back-office activities, especially for the repetitive and dreary tasks. RPA can perform these tasks at a higher pace effortlessly and effectively saving a lot of time, that can be used to perform other activities that need human strength like emotional intelligence, reasoning […]

How chatbots are changing the Insurance sector – Five examples

Insurance chatbots are the new buzzword ruling the insurance companies currently. The primary objective of a chatbot is to provide a faster and an efficient system for communication with the customers and streamline the tedious insurance tasks. The insurance sector is playing hard to automate their on-boarding, sales and training processes and make it available […]

Industries that are benefiting from RPA

Initially, process engineering sought to adhere to lean design principles. Processes would be documented, reviewed and improved by removing wasteful steps and adding scripts where possible to eliminate human intervention and potential errors. Upon process improvement Robotic Process Automation(RPA) started largely as a tool to mimic those repetitive, rules-based front-end workflows.  After the success in […]

Robotic Process Automation(RPA) to Intelligent Automation evolution

Businesses have been running on profits and profits usually are the function of the costs. After industrialization, the costs were reduced by creating efficient processes to run things smoothly over a predictable timeline. This was all good till the time computers came and along came the internet connectivity. The processes moved from humble registers to […]

May i help you?