Intelligent Automation for Insurance
The insurance industry spans multiple segments, including general, health, property & casualty, and motor insurance. Despite their differences, these segments share a common challenge—managing an enormous volume of documents and unstructured data daily. From underwriting and premium collection to claim processing, efficient data handling is critical for accuracy, speed, and seamless operations.
AOTM leverages Intelligent Document Processing (IDP) and Robotic Process Automation (RPA) to streamline insurance workflows, automating key processes across every stage. By integrating AI-driven document processing, the platform ensures precise data extraction, cross-document validation, and sanity checks. Advanced AI algorithms enhance automation by enabling contract management, document summarization, risk assessment, fraud detection, and prevention—empowering insurers to boost efficiency, reduce turnaround times, and improve decision-making.
AUTOMATION USE-CASES FOR INSURANCE
Payment Invoice Processing
Automate invoice generation, validation, and tracking to ensure accurate and timely billing.
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New Coverage Issuance
Streamline policy creation and approval workflows for faster customer onboarding and coverage activation.
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NCB Tracking & Processing
Enhance policyholder rewards by automating No Claim Bonus (NCB) verification and application.
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Group Coverage Activation
Simplify corporate insurance issuance by automating bulk policy processing and compliance checks.
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Accounting Record Reconciliation
Automate ledger matching and financial balancing to eliminate discrepancies and ensure accuracy.
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Non-Digital Policy Enrollment
Digitize manual policy issuance workflows to reduce paperwork and improve processing speed.
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Financial Payment Validation
Ensure seamless payment verification and reconciliation to enhance transaction accuracy.
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