FULL PDF
Abstract
The insurance industry is undergoing a digital transformation, with artificial intelligence (AI) and automation playing a crucial role in streamlining policy administration. This paper explores the integration of AI-driven low-code automation within Guidewire PolicyCenter, leveraging Camunda for process automation and Python for intelligent decision-making. The study examines how this integration enhances operational efficiency, reduces manual intervention, and improves policy lifecycle management. By implementing AI models for underwriting and claims processing, insurers can achieve faster policy issuance, risk assessment automation, and regulatory compliance. Through a proof-of-concept (PoC) implementation, we evaluate the impact of AI-driven automation on key performance indicators (KPIs) such as policy processing time, error reduction rate, and customer satisfaction scores. The findings indicate a 40-60% reduction in manual effort and a 30% improvement in processing speed, demonstrating the potential of AI and low-code automation in revolutionizing insurance policy administration. The paper concludes with a discussion on challenges, limitations, and future research directions in AI-driven insurance automation.
View more >>