LTI recognized as a “Leader” in NelsonHall NEAT for Business Process Transformation through RPA & AI in the Insurance Segment
NelsonHall, a global independent research analyst firm, has positioned LTI as a Leader for RPA & AI powered Business Process Transformation in the Insurance segment, in its latest NEAT report 2018. The report evaluated 18 global vendors, for their ability to meet future client requirements, and deliver immediate benefits to their RPA and AI services clients.
LTI’s strong focus on the Insurance sector has enabled it to develop some transformational solutions for its clients. One such solution to gain recognition is the “cognitive claims” solution, developed in collaboration with a group of insurance companies. With cognitive claims, customers get end-to-end support in their claim filing process, and by leveraging its deep learning algorithm, LTI can estimate the value of the filed claims. This solution automates the evaluation process for low-value claims, thus eliminating the need for human intervention.
Speaking of LTI’s recognition in the Insurance segment, John Willmott, CEO, NelsonHall, said, “LTI is once again demonstrating how to move beyond RPA, and is assisting insurance companies in introducing new digital business models incorporating both, RPA and AI, in industry-specific process areas such claims management and product advice.”
LTI focuses on digitalization and optimization of processes, through its RPA, BPM, and AI technologies, endeavoring to develop new digital process models. Moreover, with an increasing focus on building strong partnerships with leading RPA and AI technology providers, LTI gains advance knowledge of changes in their technology capability, through identification of their roadmaps and access to beta products.
With an expanding services portfolio of industry-leading offerings, LTI is well on its way to creating a strong foothold with its RPA & AI offerings in the Insurance space.
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