Commercial insurance Automation

Automating Commercial Insurance: Efficiency, Accuracy, and Growth

Transforming Efficiency in Commercial Insurance Agencies

World class fintechs and banks drive better CX with Alltius

Up to
40%
reduction in operational costs
Up to
70%
faster claims processing
Up to
50%
fewer compliance errors
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO

Why use Commercial insurance automation platform?

Commercial insurers face the challenge of managing high-value policies and claims, often involving complex risk factors. Automation allows for faster claims processing, underwriting, and risk analysis, ensuring more accurate pricing and improved customer satisfaction. By embracing automation, commercial insurers can boost operational efficiency, reduce errors, and stay competitive in an increasingly complex market.

Challenges in Commercial Insurance

           
  • Underwriting inefficiencies cause a 20-30% revenue leakage due to manual data handling.
  •        
  • Claims processing delays increase operational costs by 15% and lower customer retention.
  •        
  • Policy administration errors result in compliance risks and penalties amounting to millions annually.
  •        
  • Fragmented data sources create bottlenecks in risk assessment and decision-making.
  •    

Solutions with Commercial Insurance Automation

  • Automated underwriting cuts data processing time by 70%, improving risk accuracy.
  • Seamless claims automation reduces processing cycles by 50%, leading to faster settlements.
  • Smart policy management ensures compliance and minimizes errors, reducing penalties.
  • Integrated data platforms unify risk assessment, accelerating decision-making by 60%.
  • Advanced document ingestion extracts and structures policyholder data with 99% accuracy.
  • Automated risk evaluation compares historical claims data and market insights in real time.
  • Fraud detection models analyze inconsistencies in claims data to prevent losses.
  • Smart policy issuance dynamically adjusts premiums based on real-time risk assessment.
Automate workflows to cut processing time by up to 70%.
Reduce manual errors and operational costs by 40%
Ensure regulatory adherence with smart policy management.
Dashboard mockup

Why choose Alltius?

Domain Knowledge
No Engineering Lift
It Works, Everytime!

Excellence in every channel

Build once & deploy AI across all your company channels - instantly.

Resolve issues on autopilot

Solve complex queries by taking actions on systems autonomously.

Agent assistance on point

Supercharge your team with AI agents that do heavy lifting for them.

Deliver ROI at speed of light

Turn all your customer interactions into growth opportunities - at scale without increasing your headcount.

"Alltius’ work has been very promising! Within months they have deflected a substantial portion of our incoming tickets.

We see them as our extended team."

Jyotiswarup R, CTO, AngelOne

Tailored info-sec SLA plans

Ensure the highest degree of compliance & security requirements for your AI systems.

Privacy first data
control

PII protection, masking, VPN storage, AES encryption & more ensures no data leakage from any agent.  
Better Commercial insurance automation is just one call away!

Make AI your competitive edge. Use the future of CX that is ready today!

Support

FAQs

Everything you need to know about the product and billing. Can’t find the answer you’re looking for? Please chat to our team.
What is automation in insurance?

Insurance automation refers to using technology to streamline processes such as underwriting, claims processing, and policy management, reducing manual effort and improving efficiency.

What is RPA in insurance?

Robotic Process Automation (RPA) in insurance automates repetitive tasks like document processing, policy renewals, and compliance checks to enhance operational efficiency.

What is NLP in insurance?

Natural Language Processing (NLP) in insurance enables automated data extraction, interpretation of policy documents, and fraud detection by analyzing textual information.

How can automation improve commercial insurance workflows?

Automation eliminates bottlenecks, enhances accuracy, speeds up claims processing, and ensures better compliance adherence, ultimately boosting customer satisfaction.