Risk Placement Services Selects Cogitate Digital Insurance
Cogitate Technology Solutions, a future-ready P&C insurance technology innovator, announced today that 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 implementation allows RPS to position themselves for continued business growth. Cogitate 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.
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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.”
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“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.
Cogitate Digital Insurance provides insurance carriers, MGAs, wholesalers and program managers with future-ready ways of conducting business. It offers an array 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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