(Image source: Cogitate Digital Insurance homepage.)
Risk Placement Services (RPS, Rolling Meadows, Ill.) has selected Cogitate Digital Insurance (Marietta, Ga.) to digitalize its personal lines business in support of continued business growth. Cogitate reports that it will start with two carriers in five states that specialize in HO3 (Standard Homeowners Policy) and DP3 (Dwelling Fire Policy) with a goal of expanding to all fifty states and increasing the number of carriers and product lines in the coming years.
“Our digital platform will empower RPS’s channel partners with modern future-ready technology that improves distribution with on-demand access and insight to grow their businesses,” comments Arvind Kaushal, Co-Founder & CEO, Cogitate. “RPS will also be able to provide an optimal digital customer experience similar to that of 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.”
Innovative Platform
“We are very excited about working with Cogitate,” says Brian Foley, Personal Lines Practice Leader, RPS. “Their innovative digital platform will further strengthen our ability to offer unmatched channel partner and end user customer experiences. 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.”
Cogitate Digital Insurance describes its market role as providing insurance carriers, MGAs, wholesalers and program managers with future-ready ways of conducting business. The company offers a range of insurance technologies, from digital sales and service infrastructure, integrated mobile apps and chatbots to artificial intelligence, machine learning and advanced analytics.
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