Commercial Lines Insurance Software Solutions

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 Insurance Underwriting Process

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
Commercial Auto Insurance Carriers

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.
Cogitate General Liability

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

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Treaty Oak selects Cogitate for
commercial transportation