The Dayhuff Group, maker of award-winning solutions for solving complex data management challenges, has announced the launch of ROBIN, a cognitive robotic process automation solution for the insurance industry. Based on IBM’s Watson Explorer and robotic process automation (RPA) tools, ROBIN is an efficiency boost for insurance operations in underwriting and claims processing.
Cognitive automation is transforming the insurance industry, accelerating underwriting, reducing risks and optimizing costs. Powered by a combination of cognitive processing and RPA, ROBIN is an insurance solution that automates the highest volume repetitive tasks, and enables insurers to become faster, more accurate and to better at evaluating risks as compared to traditional insurance processing, such as manual data entry, manually accessing data sources, and spending time reading and extracting information from DMV or accident reports.
The IBM cognitive engine behind ROBIN can read and understand documents just as humans do, and the RPA tools perform the automated tasks. A pre-configured dictionary inside ROBIN can read common insurance documents, along with offering a proven way to further train the cognitive engine. ROBIN has been demonstrated to reduce time to process new business or close a claim by up to 20 percent.
“Insurers will be able to use this capability to develop new products and enter additional markets more quickly than their competitors. Insurers will also be able to apply cognitive automation to more swiftly process new business or claims,” said Andrej Gutik, Insurance Practice Lead for The Dayhuff Group.
ROBIN offers deep natural language capability, using cognitive computing to understand the ‘why’ behind the ‘what’. Use case scenarios of ROBIN include pre-processing steps for requesting additional information such as credit checks, using RPA to obtain prescription and medical histories from Milliman IntelliScript, updating the internal underwriting systems automatically, reading DMV records for auto insurance and using RPA tools to update Guidewire or other systems, or helping claims adjustors with faster document processing with third-party system interactions, reduced time to prepare packages, less input data requirements and straight through processing.
About Dayhuff Group
The Dayhuff Group helps organizations to collect, manage and evangelize their data. Our industry solutions help solve today’s increasingly complex business challenges. Dayhuff’s deep expertise in Watson technologies, RPA, IBM Analytics and Enterprise Content Management allows our customers to drive new value from existing investments. We offer more than 22 years of experience implementing solution to support the IBM Analytics portfolio. Our award-winning solutions leverage the latest in Watson technologies to enable new insights for our customers.
For more information, please visit: http://dayhuffgroup.com/solution-insurance
Media Contact
Company Name: The Dayhuff Group, LLC
Contact Person: Lauren Maddern
Email: sales@dayhuffgroup.com
Phone: +1 (614) 854-9999
Country: United States
Website: http://www.dayhuffgroup.com/robin