InsuranceLess Risk. More Wins. Better Experiences. AI that Understands Insurance
Cogito for Insurance is a suite of AI services that reduces risk, improves win rates, and increases capacity for commercial insurance carriers and brokers.
It automates reading, understanding and extracting meaningful data from text with speed and scale.
Cogito supports the broadest range of commercial insurance use cases, pre-trained and fast to implement, based on its unique mix of Natural Language Understanding and Machine learning techniques unmatched in field of AI.
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Increase in Risk Reports examined
Accuracy of automated Policy Review
Reduction in claim document review time
Contracts awarded to first response. Cogito accelerates the offer
Use AI to assess risks, highlight unintended exposure, and identify policy inconsistencies by reading, understanding and extracting data from loss control reports, policies, renewals and SLIPs, at more than 4x typical speed.
Automate document analysis to let Underwriting teams measurably cut offer response time. With 60% of contracts assigned to the first bid, speeding the offer generates more wins, and improves service for brokers and end customers.
Use AI to automate the extraction of relevant data for each claim, adjudicate claims to policy, and highlight fraud. Cut your Combined Ratio by reducing routine erroneous payouts by 5-20%.
Use AI to read, understand and extract essential details from medical and risk analysis reports. Up to 90% reduction in hours spent reading documents means more throughput with the same team.
Faster document review leads directly to faster Underwriting and Claims responses, resulting in greater customer and broker satisfaction on any decision.