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Case Study

AI machine learning drives underwriting efficiency by 10x

AI machine learning drives underwriting efficiency by 10x

AI machine learning drives underwriting efficiency by 10x

Cognizant
Pages 3 Pages

To revolutionize flood insurance risk assessment for the US market, a global reinsurer partnered with Cognizant. Cognizant deployed an advanced artificial intelligence and machine learning software solution to automate predictive data analysis, eliminating tedious manual portfolio reviews. This intelligent digital platform expanded the range of data informing decision-making, enabling underwriters to draft endorsements and price coverage with unprecedented speed. By integrating these cutting-edge software tools, Cognizant helped the reinsurer drive underwriting efficiency by tenfold, drastically reduce manual workloads, and successfully accelerate its strategic expansion into new insurance territories.

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