A premium P&C insurance organization with over 50+ Million members across North America reached out to Exavalu to improve their salvage fee payment process.
Exavalu Service Accelerators
There was a significant backlog of salvage fee payment exposure to be paid that led to increasing pressure on the available adjusters. Along with this the time-consuming process to check the types of coverages, exposures, and the history of the previous claims led to processing delays that impacted the payment cycle negatively. Additionally, the availability of experienced adjustors/assessors for reviewing the salvage claims and the agents to process them resulted in growing backlogs.
After a thorough assessment of the challenges and business requirements of our clients, we utilized UiPath RPA framework with a combination of VB scripts to automate the Salvage Fee Payment process by building an unattended bot.
Download Salvage Fee Payment – Exposure to be paid from the Tableau dashboard views.
Extracts Exposure Table for different types of coverages and validates it with the claim coverage type and number.
Creates cheque payment and updates the Notes section with the action taken.
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