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I am from life insurance background. Can I apply lean six sigma concepts?

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I am from life insurance background. Can I apply lean six sigma concepts?

  • 4 weeks later...
  • 1 month later...

More infomration required on how the projects are modelled.

Hello Hrushikesh,

Several six sigma good projects in Insurance companies (core operations) have been in the following lines.

  • Reducing the insurance approval process time.
  • Reducing errors in insurance approval process.
  • Reducing errors in insurance claim processing.
  • Reducing unpredictability (variation) in claim processing time.
  • Reducing rework in steps involved in insurance policy issuance process.

The above objectives have resulted in successful DMAIC as well as DMADV projects. If we start with the business dashboard of a large insurance company, it is feasible to identify hundreds of valid Six Sigma projects in a single day.

Regards,

Aadrit Kashyap.

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