Repetitive procedures like processing extensive data on various types of risks can take up more than 50% of an Underwriter's workday. Automation can provide several benefits to the Underwriting process, including increased efficiency, reduced errors, and time savings for Underwriters.
Appian is a popular low-code platform used for Underwriting Automation, transforming the insurance industry. The Appian platform provides a visual development environment that allows users to create custom applications using drag-and-drop interfaces, without the need for extensive coding knowledge. This makes it an ideal platform for automating the Underwriting process, as it allows for the creation of customized workflows and business rules.
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