INSURANCE INDUSTRY
The insurance industry is experiencing a significant transformation driven by digital innovation, regulatory pressures, and evolving customer expectations. Key challenges include managing large volumes of unstructured data, ensuring regulatory compliance, and improving claims management and customer service. Effective unstructured content management and automation are critical for addressing these challenges, enabling insurers to streamline operations, reduce costs, and enhance decision-making. By adopting advanced unstructured content management and automation solutions like SEAL, insurance companies can better manage their content, improve operational efficiency, and stay competitive in a rapidly evolving landscape.
Industry Challenges
70%
of insurance companies face significant challenges managing large volumes of unstructured data, including policy information, claims, and customer data
45%
of insurers report inefficiencies in claims processing, which lead to delays, higher operational costs, and dissatisfaction among policyholders
61%
of insurance executives say shifting consumer preferences have accelerated their need to reinvent customer service strategies
Opportunities and Benefits
of all work activities in the insurance industry could be impacted up by document automation
20%
efficiency improvements can be obtained by implementing generative AI in insurance
PAINS AND BUSINESS IMPLICATIONS OF THE INDUSTRY
Addressing Complex Challenges and Embracing Digital Transformation in Insurance
Every process in the insurance industry involves an increasing number of documents – both paper and electronic – that must be captured, processed, stored/archived and managed in accordance with industry regulations. Insurance companies must provide excellent customer service, fast claims processing times and secure and permanent access to documents for employees, partners and customers. Furthermore, for the IT department, the use of transactional systems to manage document-centric processes creates additional complications. These challenges can ultimately impact productivity, efficiency, profitability, customer satisfaction, compliance, and brand value.
The insurance industry faces several challenges such as:
The business implications of these challenges are:
OUR SOLUTION
Solving the Pain Points of the Insurance Industry
SEAL is a next generation software solution for AI and metadata-driven content efficiency and compliance, an enterprise-grade, low-code digital process automation platform, covering both productivity and cost-cutting related use cases (moving to digital, paperless processes, automation) and compliance and risk reduction related use cases (unified information governance, compliance with GDPR and other regulatory).
SEAL is designed to address critical pains and align with the key trends in the insurance industry by offering a comprehensive suite of features tailored to the unique needs of insurers.
BENEFITS
Value Proposition
Best TCO
Best user experience
Low-code, integrated document and process automation
Comprehensive, end-to-end solution
Connected and open to integrate
Designed for cloud, still freedom to choose
Delivery models
SEAL is not just great but it is also very adaptable to your needs. Chose to use it in your location or access it via cloud with 0 initial costs.
On-Premises (local install)
If you would like to purchase the licenses andsimply install them on your hardware, we are here to help, contact us for your special quote.
On-Demand (EU Cloud)
Choose SEAL delivered from our European Data Center located in Bucharest, RO and have local performance and data stored in EU.
On-Demand (Global Cloud)
Choose SEAL delivered from Microsoft Azure and have global reach and multi-site distributed data centers around the world.
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