Overview
Nexurance – Straight through claims processing, solution built with an API first approach includes capabilities such as core insurance product ClaimCenter REST APIs for self-managed instances V10.0, Appian user engagement. portal with embedded intelligence (IDP) and RPA, AI/ML based automated damage assessment engine.
HIGH PROCESSING TIMEHandling simple claims like glass, parking damage takes a significant amount of manual effort.
EXPENSIVE DIGITAL PORTALSThe core insurance products were designed and built primarily to improve the insurance business process. Building digital portals that co-exist with core insurance products comes with a heavy cost.
DELAY IN TIME TO MARKETWith the existing digital portal capabilities, extending automation process to an additional line of business takes months together which hinders business growth.
INEFFICIENT DOCUMENT PROCESSINGDifficulty in adopting a document processing engine that can classify, validate, and extract data from various sources [emails, text documents, scanned paper PDFs, and photos] and can be seamlessly integrated with the insurance business process in the industry.
Key Features & Functionality
Benefits & Business Impact