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Cogitate Technology Solutions Digitizes Its Risk Placement Services

By CIOReview | Thursday, December 17, 2020

Cogitate Technology Solutions is digitizing its system with Cogitate Digital Insurance for personal lines.

FREMONT, CA: Cogitate Technology Solutions, a future-ready P&C insurance technology innovator, announces that its Risk Placement Services (RPS)—the country's largest managing general agency with 80 branch offices and satellite locations—will be digitizing their system with Cogitate Digital Insurance for personal lines. This deployment enables RPS to position themselves for continued business evolution. Cogitate will begin with two carriers in five states that specialize in HO3 (Standard Homeowners Policy) and DP3 (Dwelling Fire Policy) to expand to all fifty states and increase the number of carriers and product lines in the future years.

The digital platform will empower RPS' channel partners with modern future-ready technology that enhances distribution with on-demand access and insight to grow their businesses.

RPS can also offer an optimal digital customer experience similar to digital MGAs. During the integration, RPS will continue to do business as usual, as their present processes will be uninterrupted since Cogitate's Platform can easily integrate with existing core insurance systems.

Personal Line is very excited about working with Cogitate. Their innovative digital platform will further strengthen the ability to offer an unmatched channel partner and end-user customer experience. Also, this technology provides straight-through processing with built-in workflows for Underwriter approvals, which will make it easy for the channel partners and customers to do business with Personal Lines Practice Leader for RPS.

Cogitate Digital Insurance offers insurance carriers, MGAs, wholesalers, and program managers cutting-edge ways of conducting business. It provides an array of insurance technologies, from digital sales and service infrastructure, integrated apps, and chatbots to artificial intelligence, machine learning, and analytics.

Cogitate Technology Solutions develops innovative technology products for the Property & Casualty Insurance Industry. Cogitate assists a variety of insurance providers to shift their business models to create a competitive advantage in a time of industry change. Cogitate's next-generation technology products allow insurance carriers, brokers, MGAs, and agents to scale the rate of digitalization and expand their businesses.