Automating Claims Processing with Cognitive Automation and AI

Insurance companies pay out massive amounts of money in fraudulent claims, totaling over $80 Billion paid out annually. Fraudulent claims account for 5-10% of all insurance claim costs. Automation Anywhere reduces false claims in the following ways: It automatically extracts claim data to shorten claim handling times. It isolates and triages potential fraudulent claims

Munich Re

Munich Re Group is a reinsurance company based in Munich, Germany. It is one of the world’s leading reinsurers. ERGO, a Munich Re subsidiary, is the Group’s primary insurance arm. Munich Re's shares are listed on all German stock exchanges and on the Xetra electronic trading system. Munich Re is included in the