Modern Commercial Lines Insurance Software Solutions
Full Stack Solutions for Commercial Lines Insurance
Digitalize End-to-End Policy Lifecycle for
Commercial Lines Insurance
Cogitate DigitalEdge includes various commercial lines insurance technology solutions that help insurers of all sizes build an integrated omnichannel ecosystem. The system delivers exceptional user experience to channel partners and customers. The commercial lines solution covers the entire policy life-cycle starting from the Rate, Quote, Bind & Issue, Billing to post-sale services including endorsements, renewals, cancellations, rewrites and reinstatements.
Modern features of commercial lines insurance software
- Out of Sequence endorsement and automatic premium adjustment capability
- Comparative Rater automatically generates Quote options from multiple carriers based on ISO Rates
- Streamlined digital underwriting and distribution
- Adaptive API integrations with core and legacy systems
- Pre-integrated third-party data services for automatic risk capture and data-prefill
- Quota share capability using contracts that allow multiple insurers to share premiums and losses
- Referral process for underwriters to review high-risk parameters prior to policy approvals
- Comprehensive Low Code No Code capabilities
- LoB specific analytics with dashboard and drill-down reports
- Contemporary user interface with white labeling
Commercial Property
- Intelligent underwriting process minimizes user inputs and human errors
- Ability to include multiple locations (with one or more buildings at each location) under a single policy
- Seamless, real-time communication throughout the policy life cycle
Commercial Auto
- Automatic retrieval of vehicle details including Year, Make, Model, etc., from pre-integrated third-party services
- Manual or bulk upload of Vehicle and Driver details with predefined spreadsheet templates
General Liability
- Pre-integrated with classification codes, NAICS and SIC codes & flexibility to add multiple classification codes and map them
- Ability to create customized Questionnaires by the business users
- Easy to read Dashboard gives an overview of Sales, Policies, Renewals, etc.
Benefits
Accelerate Digitalization
Achieve omnichannel (B2B and B2C) distribution by easy integration with existing Core & Legacy Systems
Rapid Implementation
Go Live in 8-12 weeks
Transforming User Experience
Deliver meaningful and relevant experience across the policy life cycle to build brand loyalty
Increased speed to market
Launch new products for your customers quickly and get an edge over the competition with Low Code No Code capabilities
Reduce Operational
Cost
Enhance the efficiency and productivity with no hidden charges and fees, and ‘Pay-as-You-Grow’ model
Future-ready, Cloud-native Platform
Flexible, scalable, modular and replicable to support future growth
Faster Communication
Offers seamless communication across the insurance value chain participants
Line of Business Agnostic
With customizable and configurable modules digitalize any line of business
“We are very excited about working with Cogitate. Their innovative digital platform will further strengthen our ability to offer an unmatched channel partner and end-user customer experience. Also, this technology offers straight-through processing with built-in workflows for Underwriter approvals which will make it easy for our channel partners and customers to do business with us.”
