Marietta, Georgia, 08/20/2021 – Cogitate has expanded RPS’s Personal Lines digital platform for multiple personal property lines for new business and post-sale services. Within this digital platform, RPS Underwriters and Retail Agents use innovative built-in messaging, intelligent workflows for seamless collaboration with stakeholders across the value chain, and real-time alert notifications.
RPS has implemented multiple lines of business within personal property such as HO6, HO3, HO5, and DP3 for both new business sales (rate, quote, application, bind, and issue) and post-sale services like Endorsements, Cancellations, Reinstatements, and Renewals. Agents and Underwriters are given the same view and an Administrative Portal allows for creation and modification of underwriting rules. As well, real-time alerts are now available for Underwriters and Agents while processing the account (vs. use of only email, PDFs, etc.).
Along with an RPS-developed MyRPS portal, this innovation seamlessly integrates real-time with RPS’s existing management system and document management system (Vertafore’s AIM and ImageRight). Another addition is the integration with HelloSign, an eSignature leader, to simplify and accelerate the user experience. Further digital acceleration includes 3rd party data prefill from data providers like Google Maps, Zillow, e2Value, HazardHub, and more, to fast-track (in seconds) risk information collection, validation, and the quoting process.
Arvind Kaushal Co-Founder & CEO of Cogitate, explains, “Our digital platform will empower RPS’ channel partners with modern future-ready technology that improves distribution with on-demand access and insight to grow their businesses. RPS will also be able to provide an optimal digital customer experience similar to digital MGAs. During the integration, RPS will continue to do business as usual—as their current processes will be uninterrupted—since Cogitate’s Platform can seamlessly integrate with existing core insurance systems.”
“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,” said Brian Foley, Personal Lines Practice Leader for RPS.
Risk Placement Services (RPS) is a Managing General Agent/Underwriting Manager and nationally focused wholesale insurance broker. It has ranked in the top five in every insurance industry category and has been consistently rated as the largest MGA in the country for several years. Headquartered in Rolling Meadows, Illinois, the organization has more than 80 branch office and satellite locations. RPS is comprised of four divisions, National Brokerage, MGA/Binding, Programs, and Standard Lines. It is also focused on the Environmental, Healthcare, Transportation, and Executive Line segments of the insurance marketplace. For every one of its programs and products, RPS works only with top-rated admitted and non-admitted carriers. For more information, please visit www.rpsins.com.
Cogitate Technology Solutions, Inc., develops modern and innovative technology products and solutions for the Property & Casualty Insurance Industry. It helps insurance companies transform their business models to create a competitive advantage in a time of rapid industry change. Cogitate’s next-generation technology products and solutions are helping insurance carriers, brokers, MGAs and agents to accelerate digitalization and expand their businesses.