Reinstating a policy is required when the policy is lapsed and has to be converted into the active state. For making the policy active, a policy reinstatement request needs to be submitted. The reviewer looks into the request, verifies the eligibility, and updates records accordingly. When all these steps are carried out manually, the insurance team spends way too much time on each request and the margin of error is also high. The end result being delayed processing and discrepancies in reinstatement of the policy.

The solution to overcome these challenges is to automate the policy reinstatement request approval workflow. A no code automation solution like Cflow can automate any business process within minutes. This way insurance teams can breathe easy as most of the heavy lifting is taken care of by the automation solution.