Fueling Growth: Client Strategic Partner to a Personal Injury Law Firm

Administering a Digital Core into an Insurance Agency

Discover how Cogneesol reinvented client’s COI processing with a digital foundation, automating workflows, and enhancing efficiency. Our strategic approach improved TAT, reduced costs, boosted customer satisfaction, and has laid the groundwork for continuous improvement for advanced machine learning deployments.

AUTOMATED the COI process, achieving 80% pass-through rate, 68% TAT reduction, and 77% efficiency gains

ENHANCED customer experience and CSAT scores through streamlined operations

PREPARING for future efficiency gains with advanced machine learning and tech enhancements

Client

US-based insurance agency offering commercial insurance products for the transportation and logistics industry

Scope of Work

COI to be made available shortly before shipment; TAT to be under 20 minutes with multiple input sources and formats

Geography Serviced

North America

Industry Serviced

Logistics

Client’s Challenges

Manual processes hindered efficiency, increased costs, and led to errors, impacting customer satisfaction.

The client’s, an insurance agency, operations faced delays with longer turnaround times (TAT) owing to manual processes, which not only escalated costs but also heightened the risk of errors. These inefficiencies led to suboptimal customer experiences, resulting in low customer satisfaction (CSAT) scores.

Impact Generated

The client’s, an insurance agency, operations faced delays with longer turnaround times (TAT) owing to manual processes, which not only escalated costs but also heightened the risk of errors. These inefficiencies led to suboptimal customer experiences, resulting in low customer satisfaction (CSAT) scores.

  • TAT improved by more than 68% bringing down costs
  • Delivered 77% efficiency benefits in process
  • Enhanced customer experience, and improved road time for customers

Our automated COI solution has paved the way for advanced machine learning integration in the near future. We are already exploring further avenues for improvements in efficiency and accuracy through further tech enhancements.

Cogneesol’s Solution

We employed a phased approach by first streamlining the manual COI process, and then leveraging technology to standardize inputs and enable self-serve COI generation

  • Healthcare: Ensure compliance with HIPAA and other health data regulations.
  • Finance: Maintain accurate reporting for audits and regulatory filings
  • Manufacturing: Stay ahead of environmental and workplace safety requirements.

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