Overview

Overcoming the practical challenges to radically improve processing times, reduce costs and deliver a better client service

The rapid development of automation technologies has opened up opportunities to streamline processes, remove frictional costs and reduce manual data cleansing and checking in London market operations.

However, applying automation tools is not as simple as ‘plugging in’ the technology. Careful consideration needs to be given to the people, process and cultural elements of change if the ROI is to be fully realised.

This breakfast briefing will focus on 3 use cases for automation in the London market, and explore how you overcome the practical challenges to deliver successful automation projects that deliver positive business results.

The three automation use cases are:

1) Reducing the manual cleansing & enriching of data in catastrophe modelling before it is ingested into your modelling tool

2) Extracting and aggregating underwriting data to enable analytics and improve decision-making

3) Bordereaux automation & financial record matching to update your PAS or system of record

Topics to be discussed include:

• Building the business case to gain sponsorship for automation across the organisation.
• How to improve data quality in order to enable automation
• Successfully applying automation, augmentation and enrichment to downstream processes
• Overcoming the people and process challenges to successfully deliver change