Solution Overview

Insurtech & IoT

68%

Claims Processing Time Reduction

34%

Pricing Accuracy Improvement

COGITAIT's insurtech solutions leverage IoT data and advanced AI to revolutionize risk assessment, claims processing, and customer engagement in the insurance industry. Our technologies enable more accurate pricing, faster claims settlement, and personalized customer experiences.

Revolutionizing Insurance with AI & IoT

The insurance industry is undergoing a digital transformation, with AI and IoT technologies at the forefront of this change. COGITAIT helps insurers leverage these technologies to improve risk assessment, streamline operations, and enhance customer experiences. Our solutions turn traditional insurance models into dynamic, data-driven ecosystems that respond in real-time to changing risk profiles.

IoT-Based Risk Assessment

We develop solutions that integrate data from IoT devices to provide more accurate and dynamic risk assessment. From connected home devices for property insurance to telematics for auto insurance and wearables for health coverage, we enable insurers to implement usage-based models, provide personalized pricing, and detect potential issues before they lead to claims.

AI-Powered Claims Processing

Our AI solutions streamline the claims process, reducing costs and improving customer satisfaction. Through automated claims triage, fraud detection using anomaly algorithms, computer vision for damage assessment, and NLP for document analysis, we enable faster settlements with reduced manual intervention while maintaining accuracy and consistency across all channels.

Personalized Customer Engagement

We help insurers build stronger relationships through personalized engagement strategies. Our solutions deliver tailored product recommendations, proactive risk management advice, and personalized communications across all touchpoints. By rewarding risk-reducing behaviors through loyalty programs, we help insurers reduce claims while improving customer satisfaction.

Case Studies

Real-world results from our partnerships

Leading Auto Insurer: Telematics Program

We helped a leading auto insurer implement a telematics-based insurance program that improved pricing accuracy by 34% and reduced claims frequency by 21%. The program used smartphone sensors and OBD-II devices to collect driving data, which was analyzed to assess risk and provide personalized feedback to drivers.

34%Pricing Accuracy

21%Claims Reduction

Global Property Insurer: Claims Automation

For a global property insurer, we developed an AI-powered claims processing system that reduced claims handling time by 68% and improved customer satisfaction scores by 42%. The system used computer vision to assess property damage from photos and videos, and natural language processing to extract information from claims documents.

-68%Processing Time

MaintainedCustomer Satisfaction