Doing Away with Paper: Improving Underwriting Efficiencies for a Life Insurer
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Overview: A leading life insurance provider sought a business transformation through paperless transactions. Infosys’ solution eliminated paper-related inefficiencies in the process and ensured it became faster and scalable. Our solution... improved money management, automated underwriting, automated requirements ordering and integrated case management. It helped the company reduce the operating cost for a ‘new business’ by 15%. In addition, the solution reduced cycle time by 10 days resulting in operational savings of US$ 3.2 million.