Most insurance organisations have more than 300 unique business processes, with up to 900 unique activities. The majority of those activities involve decisions. A BRMS helps insurers to automate recurring operational decisions in for underwriting and claims leakage, time to claim settlement, time to quote, time to market and other functions.
This three page article looks at how Business Rules Management Systems can be utilised across multiple sectors before highlighting four specific benefits relevant to insurers.
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