Astra Automation
Accelerator
Strategic, High Value 'Quick Wins' Framework
Astra, Automation Accelerator is a process transformation model comprising a “business due diligence framework” and “automation accelerators” supported by data APIs enabling fast identification, evaluation, and implementation of high-value “quick win” opportunities in the insurance and financial services sectors.
The framework consists of 4 main pillars:
Strategy Alignment:
Defining the process efficiency & automation objectives which are then integrated & aligned with the corporate ambition of the client.
Capability Identification:
Establish strong base by identifying critical business functions and target improvement areas Bring in qualitative & quantitative methodology and analyse key business parameters keeping industry benchmarks in mind.
Immediate Benefits Realization:
Deploy agile plan for quick wins in the short term. Identification of mid to long term initiatives are iteratively identified and defined at this stage.
Long term Benefits:
Quick wins benefits ploughed into mid-long-term initiatives that help deploy created assets, resources, and capabilities with minimal investments.
Astra in Action
ASTRA was utilised to automate the employee benefits (health claims) process for a major European insurer. In 2017, this project earned compliments for the Client’s effective technology use. Achievements include automated claims processing, built-in configurable rules engine, multi-channel capability, and a better user experience through graphical user interface. Astra has helped achieve 70% straight through processing of their group claims process.
The framework has been deployed across business functions for multiple clients in Hong Kong, India, Japan and Indonesia.