Cogitate Enhances DigitalEdge Insurance Platform with Verisk Advisory Loss Costs, Rules, and Forms
Cogitate Technology Solutions, a future-ready P&C insurance technology innovator, has enhanced its DigitalEdge Insurance Platform by becoming a member of the Verisk Strategic Alliances network and integrating rates, rules, and forms from ISO, a Verisk business, into various lines of business. Cogitate’s Platform enables insurance carriers, MGA’s, wholesalers and program managers to distribute their lines of business, either directly to the consumer or through retail agents. This collaboration with Verisk will provide greater speed to market for these insurance distribution players who are now able to license ISO content with these pre-integrated products.
“Cogitate and Verisk share a deep commitment to transforming insurance workflows and delivering the digital experiences the marketplace demands,” said Barbara Ingraham, Managing Director, Excess & Surplus, Verisk. “We’re thrilled to be working with them to offer the ISO forms, rules, and advisory loss costs that are the bedrock of so many insurance programs through Cogitate’s innovative platform.”
“Cogitate is very excited about working with Verisk,” said Jacqueline Schaendorf, Co-Founder & Director of Cogitate. “Our strategic alliance with Verisk definitely creates substantial opportunities to really change and improve the insurance buying process, add channel options and digitally connect multiple insurance providers throughout the distribution.”
Cogitate’s DigitalEdge Insurance Platform helps insurance providers throughout the insurance value chain build an omni-channel insurance ecosystem to integrate multiple channels, distribution partners, customers and any third-party services. It modernizes existing processes, simplifies distribution and provides an exceptional experience to channel partners and customers alike.
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor’s S&P 500® Index and part of the Nasdaq 100 Index. For more information, please visit www.verisk.com.
About Cogitate Technology Solutions®
Cogitate Technology Solutions, Inc., develops innovative technology products for the Property & Casualty Insurance Industry. Cogitate helps a variety of insurance providers transform their business models to create a competitive advantage in a time of rapid industry change. Cogitate’s next-generation technology products enable insurance carriers, brokers, MGAs and agents to accelerate digitalization and expand their businesses.
Cogitate is Headquartered in Marietta, GA, and has a major development center in Navi Mumbai, India.