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MagMutual Transforms Operations with Appian

1. MagMutual transformed operations using Appian's AI platform, improving efficiency. 2. Quoting time reduced from weeks to minutes, generating $1 million revenue quickly. 3. Policy migrations cut from three years to one year with Appian's solution. 4. MagMutual expects 20% annual revenue growth with enhanced operational agility. 5. Appian integrates multiple legacy tools, streamlining workflows and user experience.

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Why Bullish?

MagMutual's success validates Appian’s AI capabilities, potentially attracting new clients and driving growth. Historically, such partnerships have seen stock prices rise, as seen with similar tech firms.

How important is it?

The article highlights a significant client success story that showcases Appian's capabilities, indicating potential future sales that could directly influence stock performance.

Why Short Term?

The immediate positive impact on Appian's sales pipeline from MagMutual's success can boost APPN's stock value quickly. Expectant revenue growth can prompt investor interest in the near term.

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Appian AI-powered platform cuts policy migration time, accelerates quoting, and unifies operations., /PRNewswire/ -- Appian (NASDAQ: APPN) today announced that MagMutual has successfully transformed its operations using Appian's AI-powered platform. MagMutual is a leading provider of medical malpractice insurance, delivering comprehensive coverage to more than 40,000 healthcare providers and organizations across the United States. It partnered with Appian and Xebia to modernize its core processes and elevate the policyholder experience. MagMutual achieved greater speed, transparency, and agility by using Appian’s AI-powered platform to improve efficiency and deliver a faster, more seamless experience to the physicians it serves. The insurer faced mounting challenges due to legacy systems and manual workflows. Quoting was slow and fragmented, siloed systems limited operational visibility and responsiveness, and policy migrations for acquisitions could take up to three years. "People got their policy within hours of us making our quoting portal available, and we got to $1 million in revenue very, very quickly—without even advertising it," said Mark Poling, Chief Customer Officer, MagMutual. MagMutual built a self-service quoting portal and unified underwriting and claims workflow with Appian. Customers now get quotes instantly, and what was once a weeks-long process now takes minutes. Its digital self-service quoting portal quickly generated over $1 million in new revenue. The insurer estimates that the new process will deliver 20% annual revenue growth.By running their core insurance processes on Appian, they're delivering faster service and a better experience to policyholders. It eliminated the need for staff to toggle between systems, streamlining workflows and reducing friction. The solution uses Appian's data fabric to replace three legacy tools and integrates data from Salesforce, Oasis, and MagMutual's internal systems. Finally, it deployed Appian Process HQ to use AI to identify process bottlenecks and drive continuous improvement.MagMutual accelerated its acquisitions and minimized service disruption to customers with Appian. Complex policy migrations from legacy systems were reduced from three years to just one year."Utilizing Appian AI, I see a ton of opportunity to help us continue to deliver against our strategic plans," said Sheila Evans, Chief Product and Solutions Officer, MagMutual.MagMutual achieved greater speed, transparency, and operational agility. By embracing Appian's AI-powered platform, it improved internal efficiency and delivered a faster, more seamless experience to the physicians it serves.To learn more about how MagMutual is transforming its business with Appian, watch the full story here.About MagMutualFor more than four decades, MagMutual has been a leading provider of medical professional liability insurance. Today, the company is the largest mutual medical professional liability carrier in the U.S.,1 delivering healthcare liability insurance coverage to more than 40,000 healthcare providers and organizations nationwide. MagMutual offers customized advice, claims support and financial benefits that result in improved outcomes and stronger PolicyOwners.¹About AppianAppian is The Process Company. We deliver a software platform that helps organizations run better processes that reduce costs, improve customer experiences, and gain a strategic edge. Committed to client success, we serve many of the world's largest companies across various industries. For more information, visit appian.com. [Nasdaq: APPN]Follow Appian: LinkedIn, X (Twitter)SOURCE Appian WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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