https://www.advanze.com https://www.advanze.com/250-more-efficient-quote-creation <div data-rss-type="text"> <h3> <span> Delivering extreme efficiencies </span> </h3> </div> <div data-rss-type="text"> <p> <span> Our client, a regional P&amp;C carrier,  utilizes Duck Creek and ACORD to create insurance quotes and faced many challenges including: </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h3> <span> 01.  </span> <span> <span>  End-to-end manual processes </span> </span> </h3> <h3> <span> 02. </span> <span> <span>   ACORD to Duck Creek inefficiencies </span> </span> </h3> <h3> <span> 03. </span> <span>   Extremely high error rates  </span> </h3> </div> <div data-rss-type="text"> <p> <span> The outcome of these challenges consistently produced inaccuracies and inconsistencies that forced delays in quote delivery and significantly impacted the customer experience. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h3> <span> What we did </span> </h3> </div> <div data-rss-type="text"> <p> <span> To streamline quote creation in Duck Creek, we used AI models to extract LOB-specific data from ACORD forms. Organized in Excel, this data was translated into client-specific templates for seamless migration into Duck Creek's UI. Our quote creation module efficiently entered details with customizable logic, while our bots ensured accurate migration for multiple LOBs. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h2> <span> 250% </span> </h2> </div> <div data-rss-type="text"> <p> <span> Efficiency improvements </span> </p> </div> <div data-rss-type="text"> <h2> <span> &gt;99% </span> </h2> </div> <div data-rss-type="text"> <p> <span> Error reductions </span> </p> </div> <div data-rss-type="text"> <h2> <span> 30% </span> </h2> </div> <div data-rss-type="text"> <p> <span> Costs savings </span> </p> </div> <div data-rss-type="text"> <h3> <span> The results </span> </h3> </div> <div data-rss-type="text"> <p> <span> The improved Duck Creek-powered RPA for quote creation efficiently organized ACORD data into LOB-specific templates, integrated a sophisticated module and bots for seamless migration to Duck Creek's UI, and easily customized for multiple LOBs. This approach effectively addressed quote creation challenges and showcased tailored integration with Duck Creek's UI. </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> Mon, 22 Apr 2024 15:37:39 GMT ajit.mohapatra@advanzetech.com (Ajit Mohapatra) https://www.advanze.com/250-more-efficient-quote-creation RPA,DCT,EDW thumbnail main image https://www.advanze.com/automating-renewals-rpa Advanze's expertise and proprietary intelligent automation for carriers maximizes efficiencies and boost NPS for staff and customers alike. Our centers of excellence are built on decades of expertise and designed for consistently pushing the envelope to stay ahead of the curve. <div data-rss-type="text"> <h3> <span> Delivering extreme efficiencies </span> </h3> </div> <div data-rss-type="text"> <p> <span> Our client, a regional P/C carrier utilizing a legacy policy administration system, was experiencing unbearable inefficiencies and degraded customer experience both overall and especially during the annual renewal period.  In an effort to turn things around, the CIO adopted Duck Creek but immediately was met with additional  challenges: </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h3> <span> 01.  </span> <span> <span>  Churn and costs of legacy systems </span> </span> </h3> <h3> <span> 02. </span> <span> <span>   Stalled Duck Creek migration </span> </span> </h3> <h3> <span> 03. </span> <span>   Resolution needed before renewal  </span> </h3> </div> <div data-rss-type="text"> <h3> <span> What we did </span> </h3> </div> <div data-rss-type="text"> <p> <span> We conducted a thorough review of the existing, legacy environment including outdated Duck Creek.  After developing and demonstrating how it will work, we developed a greenfield Duck Creek 7.x environment and using proprietary tools, built on robotic process automation, we migrated all legacy data, configurations, and APIs to launch 3x faster with 40% lower TCO </span> </p> </div> <div data-rss-type="text"> <h2> <span> 250% </span> </h2> </div> <div data-rss-type="text"> <p> <span> <span> Faster turnaround </span> </span> </p> </div> <div data-rss-type="text"> <h2> <span> &gt;99% </span> </h2> </div> <div data-rss-type="text"> <p> <span> Error reductions </span> </p> </div> <div data-rss-type="text"> <h2> <span> 30% </span> </h2> </div> <div data-rss-type="text"> <p> <span> Costs savings </span> </p> </div> <div data-rss-type="text"> <h3> <span> The results </span> </h3> </div> <div data-rss-type="text"> <p> <span> The new strategy for policy conversion in Duck Creek led to improved results like managing policy volume effectively during the 90-day renewal cycle, smoothly transitioning to the new system despite complex business requirements, and guaranteeing data accuracy through automated validation. This custom RPA solution not only tackled challenges but also demonstrated adaptability to Duck Creek's system, proving to be successful and smart. </span> <span> <br/> </span> </p> <p> <br/> </p> </div> Mon, 19 Feb 2024 16:14:53 GMT amol.gupta@advanzetech.com (Amol Gupta) https://www.advanze.com/automating-renewals-rpa RPA,DCT,EDW thumbnail main image https://www.advanze.com/building-futur-credits Advanze helps regional P&C increase quote creation by 250% and reduce error rates more than 99% with our unparalleled delivery model and client-first mantra. <div data-rss-type="text"> <h3> <span> The situation </span> </h3> </div> <div data-rss-type="text"> <p> <span> Our client, a regional P&amp;C carrier,  utilizes Duck Creek and tasked us with updating their system from 4.x to  7.x requiring a thorough comparison of features and validation against the existing PAS. </span> </p> <p> <br/> </p> <p> <span> Multiple challenges emerged as we adopted new technology, integrated with the cloud, and upgraded external utilities that relied on the PAS </span> </p> <p> <br/> </p> <p> <span> <span>  </span> The outcome of these challenges consistently produced operational inefficiencies and poor user experience impacting both the customer and the client. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h3> <span> "A three version upgrade, two LOBs, and automating multiple processes all three-times faster than any prior migration. Amazing!"   - Sam H, CIO </span> </h3> </div> <div data-rss-type="text"> <h3> <span> What we did </span> </h3> </div> <div data-rss-type="text"> <p> <span> We conducted a thorough review of the existing, legacy environment including outdated Duck Creek.  After developing and demonstrating how it will work, we developed a greenfield Duck Creek 7.x environment and using proprietary tools, built on robotic process automation, we migrated all legacy data, configurations, and APIs to launch 3x faster with 40% lower TCO </span> </p> </div> <div data-rss-type="text"> <h2> <span> 3x </span> </h2> </div> <div data-rss-type="text"> <p> <span> <span> Faster Speed to Market </span> </span> </p> </div> <div data-rss-type="text"> <h2> <span> 40% </span> </h2> </div> <div data-rss-type="text"> <p> <span> <span> Lower TCO </span> </span> </p> </div> <div data-rss-type="text"> <h2> <span> 2 </span> </h2> </div> <div data-rss-type="text"> <p> <span> Lines of business </span> </p> </div> <div data-rss-type="text"> <h3> <span> The results </span> </h3> </div> <div data-rss-type="text"> <p> <span> We conducted a thorough review of the existing, legacy environment including outdated Duck Creek.  After developing and demonstrating how it will work, we developed a greenfield Duck Creek 7.x environment and using proprietary tools, built on robotic process automation, we migrated all legacy data, configurations, and APIs to launch 3x faster with 40% lower TCO </span> </p> <p> <br/> </p> <p> <span> <span>  </span> </span> </p> </div> Wed, 10 Jan 2024 16:02:07 GMT ajit.mohapatra@advanzetech.com (Ajit Mohapatra) https://www.advanze.com/building-futur-credits RPA,DCT,EDW thumbnail main image