Insurance and Robotic Process Automation (RPA) Robotic_Process_Automation_RPA_in_Insurance__UiPat | Page 6

At the same time, it is important to keep in mind that the RPA journey relies on the close collaboration between the Business and the IT sides of a company. Choosing the right team to be in charge of implementing RPA within the enterprise is also crucial. This team of experts is responsible for aligning the automation project with the company’s strategic direction, making sure that the project is accepted within the organization, and setting a budget for implementing RPA. Ultimately, there are four main steps any organization has to go through on this journey: ▪ the proof of concept that proves if RPA can be successful or not, determines the implementation model and what partners are better suited for the project; ▪ the pilot in which an automated process runs into production for the first time; ▪ the ramp up, which sets best practices, identifies more opportunities for automation and grows the team of experts; ▪ RPA institutionalization within the entire company, the stage where RPA is embedded at scale in the organization and functions sustainably. The UiPath Enterprise Platform stands out from other providers’ solutions through a range of performance drivers. For capability, the Platform enables automation of a large variety of processes across any environment. UiPath is a truly agnostic system that works with any technology, from SAP to Citrix and anything in between. It delivers intelligent automation through language detection, extraction of unstructured data, and Insurance in the age of intelligent automation - 6 sentiment analysis with the help of integrated ABBYY cognitive and OCR services. Claims processes are where RPA can make a clear difference. UiPath robots employing OCR are able to “read” hand filled forms, recognize the information, extract what is necessary, match it, perform validation and revalidation in insurers’ databases. This is a machine learning tool, that allows robots to classify data per keywords, types and any other type of pre-determined labeling. Security will continue to be a sensitive subject, but the UiPath Platform, with its Orchestrator, Studio, and Robot, can handle it successfully. The robots can automate under locked screen for complete privacy, with role-based access to authorized users. With integrated powerful data analytics capabilities offered through Kibana and Elasticsearch, every action any robot performs, every user decision and change is tracked in real time and logged centrally on the server to provide full visibility into process execution and operational statistics. The platform is equipped with full audit logs, delivering analytics of any type of anomaly in robots and human employees equally, to ensure processes are fully compliant. For example, in the HR departments of insurance companies, robots can be set up to monitor users and perform ad-hoc surveys that determine if procedures have been thoroughly followed. The robots then create reports and analysis for company executives, which allow them to take appropriate measures for a better employee compliance.