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Insurer boosts revenue with faster quote-to-buy process

Insurer boosts revenue with faster quote-to-buy process

Insurer boosts revenue with faster quote-to-buy process

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3 Pages

To transition from physical channels to a digital marketplace, a major Middle Eastern property and casualty insurer partnered with Cognizant. Cognizant deployed advanced digital integration software and robust transaction platforms to modernize the company's architecture. This powerful technological solution skyrocketed daily policy issuance from ten to over six hundred and expanded daily premium volume significantly. Furthermore, Cognizant's software enabled sub-two-second response times, empowering the insurer to handle nearly one million monthly transactions efficiently. By streamlining digital workflows, Cognizant helped the insurer outperform competitors, secure higher aggregator ratings, and achieve exceptional market growth.

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