Insurance — Automated Subscription Validation Pipeline

Overview

The Automated Subscription Validation Pipeline is designed to streamline the subscription request process in the insurance industry by integrating data from various sources such as ERP and CRM systems. The primary purpose of this DAG is to perform automated validations to ensure compliance with regulatory standards and internal policies, thereby reducing the risk of errors in subscription approvals. The data ingestion pipeline begins with the extraction of subscription data from ERP transaction

The Automated Subscription Validation Pipeline is designed to streamline the subscription request process in the insurance industry by integrating data from various sources such as ERP and CRM systems. The primary purpose of this DAG is to perform automated validations to ensure compliance with regulatory standards and internal policies, thereby reducing the risk of errors in subscription approvals. The data ingestion pipeline begins with the extraction of subscription data from ERP transaction logs and CRM customer profiles. This data is then subjected to a series of processing steps that include validation checks for completeness and accuracy, as well as the application of scoring rules to assess the risk associated with each subscription request. Quality controls are implemented throughout the pipeline to monitor data integrity and ensure that only valid requests proceed to the next stage. The processed results are stored in a centralized data warehouse, making them accessible via a secure API for further analysis and reporting. Key performance indicators (KPIs) such as approval rates and processing times are monitored to evaluate the effectiveness of the validation process. Additionally, the system includes mechanisms for error recovery to handle any failures that may occur during processing. The business value of this DAG lies in its ability to enhance operational efficiency, reduce processing times, and improve the accuracy of subscription approvals, ultimately leading to better customer satisfaction and reduced risk exposure for the insurance company.

Part of the Market & Trading Intelligence solution for the Insurance industry.

Use cases

• Minimized errors in subscription approvals
• Faster processing times for requests
• Improved compliance with regulatory standards
• Enhanced decision-making through accurate scoring
• Increased customer satisfaction and trust