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Insurers today are grappling with challenges of slow premium growth, reduced profitability and huge competition pressures. Cognizant Optima Intake™ solution suite brings Commercial & Specialty insurers and their agents together to effectively submit, evaluate, price and quote risks. The suite’s modular and configurable solution components address key carrier challenges and provide a seamless end-to-end underwriting experience. The solution components include:
Cognizant Optima Intake™ business solution supports features that can transform commercial underwriting services and deliver critical business benefits:
Shorten development cycles and improve time to market, allowing Commercial & Specialty carriers to rapidly roll-out new product offerings and enter new markets with ease.
Built-in and configurable underwriting rules and guidelines, analytics backed alerts and data driven insights to aid underwriters to differentiate good risks from bad, drive transparency and price consistently.
Onboard excel based raters and models and accelerate speed to market to roll-out and test new pricing models; modify and track existing models to stay ahead of competition.
Lower operation costs and reduce turnaround time while improving quality of submissions for agents and carrier underwriting operation teams.
Tablet based access to drive quality, speed, accuracy and productivity in risk consulting operations.
Solution is hosted on premise or in the cloud with Amazon Web Services (AWS), or with your preferred private infrastructure deployment option.
Learn more about our suite of solutions:
Technology shouldn’t just improve underwriting performance; it should also increase productivity through consistent—and intuitive—tools that span the entire underwriting workflow, from risk assessment to agent engagement.
The ability to price a risk quickly, consistently and accurately helps insurers differentiate themselves in the marketplace.
OptimaWrite-Quote helps insurers benefit both from process improvements that save money and also enables faster and better ways to generate revenue.
Cognizant’s OptimaWrite-Intake eliminates the cumbersome manual submission process and streamlines the end-to-end submission intake process for insurers.
Automated data extraction of submission documents combined with manual prequalification by support staff will dramatically improve the quality of data that reaches the underwriter.
Equipping underwriters with the right tools can transform the underwriting process and result in significant savings in cost, time and effort.
The combined pressures of a challenging competitive landscape, slow growth in premiums and lower profits mean that insurance businesses need to increasingly consider new ways to improve productivity, enhance revenue growth and guarantee ever-greater customer satisfaction. As a result, there are a number of questions you may be asking yourself about your organization and how it can optimize its activities to prosper in today’s business climate.