Every​‍​‌‍​‍‌​‍​‌‍​‍‌ day a claim is waiting in a queue, insurers are quietly losing money and customer trust. Insurance customers are now comparing their experience with their insurance company to that of digital native brands which provide same day logistics, instant credit approvals, and one click refunds. However, a large number of carriers are still dependent on manual reviews, paper heavy workflows, and disconnected systems which make it take several weeks to resolve what should be a simple claim.​ As a result, the company is facing higher operating costs, higher loss adjustment expenses, and increased churn at the very time when there is a tough competition from insurtechs.…