#lowcodeautomation

Insurers use automated underwriting technology to make faster and more precise underwriting decisions, resulting in improved efficiency and profitability. But more than that, automated underwriting represents a trend that will play a critical role in the insurance industry's future growth and success.

Appian (Nasdaq: APPN) announced today that it is named a Leader in the inaugural Everest Group insurance technology report, Digital Claims in Property and Casualty Insurance Solutions - PEAK Matrix® Assessment 2023. The report analyzes 17 digital claims solution providers for P&C insurers across multiple evaluation dimensions.

It began with the pandemic. Consumer spending shifted from experiences to goods, spiking demand. Ports clogged due to shutdowns. Factories operated at reduced capacities from sickness, lockdowns, or even infrastructure issues like rolling blackouts. But it didn’t end there. The ripple effects have continued. Supply chains continue facing upheavals, particularly with respect to inflated prices and global conflict like the war in Ukraine. This leaves supply chain professionals on shaky ground. Predictability is necessary for proper planning, procurement, delivery, and more.

The Know Your Customer (KYC) process plays a critical role in helping banks and financial institutions prevent financial crime while improving onboarding speed for customers. Get advice on key KYC strategies, procedures, and trends.

The need for a comprehensive and forward-looking data strategy is clear. When you research data strategies, you are presented with a myriad of options, from data warehouse and data lake to data fabric and data mesh. So how do you know which option will work best for your business and your plans?

On the surface, KYC (Know Your Customer) compliance seems simple enough—financial institutions are responsible for knowing detailed information about their retail and institutional customers. In reality, however, managing the customer onboarding process and subsequent KYC procedures can be tedious, time-consuming, and disjointed. The good news is, you can simplify and automate highly complex KYC processes with a low-code solution.‍

In the Chartis Vendor Analysis: Client Lifecycle Management Solutions, 2022: Corporate and Investment Banking report, Appian is recognized as a Category Leader. The report noted the completeness of Appian’s offering, including their unified low-code platform, data integration capabilities, and ability to meet market-specific requirements.

Anglian Water is leading the way in its use of data and low-code to move towards their goals. The largest water and water recycling company in England and Wales by geographic area has achieved more than 63% capital carbon reduction and is on target to achieve net-zero operational carbon emission by 2030.

During times of economic uncertainty, and recession, businesses feeling the pinch begin looking for ways to do things differently, whether that involves staffing changes, scaling back expenditure, or adjusting processes. Development, meanwhile, whether that’s software development or web development – is an essential component of most modern businesses, but having fully-fledged dedicated development resources might not be cost-effective for all organisations, particularly small and medium-sized businesses (SMBs). The promises made by those offering alternative low-code or no-code platforms are plenty. Lower costs, easier integration and scalability, decrease hiring pressures, and so on.

Prospective students have had to tackle the university enrollment process via paper forms which can be time consuming, difficult to track and, most importantly, harm the environment. This was the perfect opportunity to utilize the speed and flexibility of Appian Portals to build an engaging experience that supports students' enrollment process.