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Financial Services

Generali CEE Holding

Generali fully automates audit process while cutting complex offer underwriting time by 50%

Financial Services

Generali CEE Holding

Generali fully automates audit process while halving cutting complex offer underwriting time by 50%

  • CUSTOMER:
  • Generali CEE Holding
  • INDUSTRY:
  • Financial services
  • LOCATION:
  • Czech Republic

50%

faster underwriting of complex claims offers

90%

cost saving through reuse of processes

38

processes automated in six months

5%

reduction to insurance claims loss ratio

Paper-based processes are obsolete and obstruct progress. Leading European insurance provider, Generali CEE Holding, embarked on a business-wide digital transformation journey to significantly boost productivity and efficiency in the area of Corporate Risks underwriting.

Making the leap to automated and efficient processes and workflows has delivered immediate benefits. Bizagi’s system architecture enables reuse, meaning multi-language deployments become more effective with scale. Not only was underwriting offer time significantly reduced, but also helped Generali to ensure compliance. For further intelligent automation, they integrated UiPath RPA to handle Policy Cancellation in the underwriting department.

Talk to Bizagi

We’re using Bizagi and UiPath together, connecting human work and robots in an intelligent end-to-end process. It’s a very powerful combination."

Jan Marek, DPA Team Leader

Objectives:
  • Increase process control associated with policy documents produced within the Corporate Risks department
  • Make the leap from paper-based systems to efficient workflows to reduce underwriting time
  • Automate inter-company workflows (e.g. Loss Control Engineers, Reinsurance Specialists) in a cost-efficient manner
  • Enforce structured workflows for pricing, policy preparation and decision making
  • Uphold governance across risks department to ensure compliance
Achievements:
  • Underwriting time spent processing the most complex offers reduced by 50%
  • Insurance claims loss ratio projected to be reduced by up to 5%
  • 38 automated processes fully operational in two member companies within 6 months
  • 60% cost savings compared to other systems; set to grow to 90% through reuse
  • Bizagi supports the use of UiPath RPA in Policy Cancellation process
  • Process audit fully automated enabling agility in response to changing regulation

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