How Hyperautomation Reduces Insurance Operational Expenses?

Technology

Source: How Hyperautomation Reduces Insurance Operational Expenses?

The insurance industry, particularly small and medium-sized (SME) firms, faces several process bottlenecks. Employees are often engaged in repetitive tasks such as updating policies, reviewing claims, approving claims, and other clerical tasks. These tasks significantly add-up a firm’s operational expenses and are a constant pressure on firms to ensure client satisfaction.

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