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Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn moreHow unlocking sustainability propels benefits that exceed expectations
Learn moreAt Cognizant, we help our clients do what others can’t—operate with human insight, but at superhuman speed. So they get ahead. And stay ahead.
Learn moreAt Cognizant, we help our clients do what others can’t—operate with human insight, but at superhuman speed. So they get ahead. And stay ahead.
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P&C automation primarily uses robotic process automation (RPA or bots) in the areas of underwriting, policy processing, and claims. Manual processes performed by humans increase cycle times and errors, and add overhead costs to basic business processes. As a result, P&C automation is becoming an area of increasing focus for many insurers. Piloting and deploying bots is on the rise as property and casualty insurers look for ways to optimize their operations. More than a peripheral trend, P&C automation is expected to become “business as usual” over the next few years. In fact, The Digital Insurer estimates that bots will soon handle 80% of all underwriting.
P&C automation provides many business benefits, including:
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