In this three-part blog series, we’ll explore three key areas where AI decisioning delivers the most significant return on investment and business impact for insurance companies: operational efficiency, fraud detection, and compliance. AI decisioning platforms automate complex decisions using machine learning, process automation, and a business rules engine. We’ll begin with an overview of operational […]
The insurance industry has been known for tedious, manual underwriting processes. However, with the rise of digital technology, the underwriting landscape is rapidly changing, and automated underwriting in insurance is emerging as a critical innovation. As a vendor involved in developing and implementing rule engines, InRule has seen firsthand how automated underwriting can transform operations, […]
Decision Intelligence is emerging as a transformative tool, combining machine learning, business rules engines, and process automation to revolutionize decision-making processes. Leveraging these technologies, also referred to as AI decisioning, helps businesses optimize their workflows, align decisions with strategic goals, and deliver better outcomes for customers and the business overall. What is Decision Intelligence? At […]
InRule was recently named one of the leaders in the claims and fraud management category when CNBC audited the insurtech landscape with Statista. The insurance industry is at a crossroads. Disruptive technologies redefine how traditional processes are executed. CNBC highlighted the leading insuretech providers in various areas of insurance. One of the most transformative areas […]
With rapid technological advancements and increasing competitive pressures, automation emerges as a vital strategy for organizations striving for efficiency and growth. In this blog post, we’re diving into the reasons that drive businesses towards automation, focusing on decision automation facilitated by low-code platforms. The Imperative of Automation Automation is a fundamental pillar for businesses aiming […]
Cost Savings and Business Benefits Enabled by InRule InRule engaged with Forrester Consulting in a commissioned study to discover the true value of our no-code, integrated AI decisioning platform. The new report, The Total Economic Impact of InRule, reflects data collected from directly interviewing six customers across the insurance, financial services, healthcare and manufacturing sectors. […]
One technology that often comes to mind when discussing automation technologies is Robotic Process Automation (RPA). Most companies that have invested in automation have implemented RPA to alleviate their coworkers from manual, tedious, and repetitive tasks. Digital Process Automation (DPA) is a lesser-known technology that sometimes ends up head-to-head with RPA. But do they necessarily […]
Introduction In a fast and agile business environment, organizations face overwhelming data and the need to make critical and multiple decisions quickly and accurately. AI-powered decision automation has emerged as a solution to meet this challenge. In this blog post, we will explore how decision automation can help organizations establish a single source of truth, […]
It’s no secret artificial intelligence is transforming business and life in general. AI is empowering organizations to raise productivity, lower costs and broaden horizons. At the same time, human oversight and control is essential. Beyond leveraging machine learning and automated decisioning, ensuring good outcomes and fully understanding predictions requires lifting the hood and inspecting the […]
Landscapes paint the big picture. The eye moves along the tips of peaks and the valleys below. Decision inventories function the same. They allow everyone to understand the breadth of what’s in place today and they make it clear what’s missing—especially if half the canvas has no paint. That part of the canvas is ripe […]