The insurance industry is changing quickly, thanks to Artificial Intelligence, Machine Learning, and Cognitive Process Automation. From carriers to brokerages, both Property & Casualty and Life & Health markets are rapidly advancing towards technology.
Claims, underwriting, and even fraud detection processes can now be automated. Roots Automation analyzes industry trends, the effects of digital automation, and the cutting-edge behind the transformation.
Insurance automation systems are now an integral part of the business world, but how can they help to improve claims handling?
Much of the medical insurance industry relies on the CMS-1500 and UB-04 claim forms. Digital Coworkers are built with OCR and ICR capabilities, ensuring they are the best data extraction tool.
Depending on your company's needs, you may prefer to outsource processes to a BPO or a third-party administrator. However, new tools like cognitive process automation are also reliable solutions.
The CMS-1500 form is used almost universally for workers comp and healthcare claims processing. Why is standardization so important for medical claims submission, and how does CMS-1500 software help?
Much like the Industrial Revolution, companies are both optimistic and skeptical of the power of automation tools like cognitive automation and Digital Coworkers.
Insurance agency automation solutions are surely entering a new era. But which is the best insurance rating software: a comparative rater, or the next generation of RPA: cognitive automation?
Automation is designed to streamline processes, not replace entire jobs. Yet, the number one question asked of any RPA vendor or automation company is, "Will robots take my job?"
AI, Machine Learning, RPA, and Cognitive Process Automation – can any one solution fully automate underwriting and claims in insurance? How does automation affect the insurance industry?
With billion-dollar weather and climate disasters occurring more frequently, insurance carriers must use AI and Cognitive Process Automation to stay prepared and profitable during catastrophe events.
Open enrollment for consumers often means more admin work for health insurers, but cognitive process automation and RPA vendors are ready to automate the data-heavy enrollment period.
Due to the severity of the pandemic, many postponed healthcare procedures. Forecasting a large influx in claims processing channels, Cognitive Process Automation may save the insurance industry.
We've been automating jobs to make our lives easier for hundreds of years. AI is just the latest version of automation. Insurance automation is picking up the pace and creating substantial value.
Big Data, Artificial Intelligence, Intelligent Automation, and Cognitive AI are buzzwords that business leaders cannot afford to ignore. In today's digital era, enterprises must draw out a crystal
In our pre-COVID world, business has changed and is continuing to change drastically and nearly too quickly to keep up with. What was initially supposed to be a few-week period to “flatten the curve”
Robots ‘coming to take our jobs’ has been a hot topic for many years. Automation is becoming more common in the workplace and bots are completing tasks that, previously, humans were doing manually. Ho
We’re firm believers that automation can improve most data-heavy and laborious processes. Mergers and Acquisitions (M&As) may not be the first process you think of when considering a digital transform
A day in the life of Chip, who works in the finance department of a major insurance provider.8:00am - Clock in for the day
Making the decision to embark on a digital transformation, for a company of any size, is a considerable undertaking.If you are the driving force encouraging the transformation it is likely that you wi