Straight Through Processing (STP) in Insurance
Nanonets
SEPTEMBER 27, 2024
However, with STP and AI, much of this process can be automated: The system collects all relevant data about the applicant (the application form, uploaded IDs, such as, SSN Certificates, Passports, etc. in global premiums is at risk of churning by 2027, largely due to poor customer experience.
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