Our Loss Runs Insights solution is a complete offering that handles the intake of loss runs as well as the analysis of documents from multiple carriers - transforming to the canonical data set and generating insights from unused data sets that provide powerful predictive analysis to drive better decision-making.
Problem Statement
Loss Run Insights Overview
Loss Run Insights - 40% More Granular Analysis from Loss Run Documents
Generate insights on loss summaries. View stratification by location, causes and body parts. Leverage dashboards highlighting potential areas of risk mitigation.
We offer a comprehensive system that automatically aggregates and updates loss data from multiple carriers. Brokers and underwriters leverage the data set created by CogniSure to optimize risk management strategies.
Our ML models can connect dark data points hidden within the documents; we predict missing data that is critical to loss analysis.
We normalize and cleanse loss run data, received from multiple carriers in a system agnostic, consistent, and uniform dataset ready for analysis.
Loss Summary Reporting - Summarization and Stratification of Losses
Loss Run Insights streamlines the broker’s reporting of loss data to their clients, automating the process and enabling clients to evaluate their insurance coverage for informed risk management decisions.
Trained Algorithms
Achieve More with Loss Insights
Client Testimonials
Historically, collecting and analyzing data has been an important but challenging and time consuming process for our team members; often taking hours to prepare accurate loss run reports. CongniSure’s platform will be an enormous improvement by easily and efficiently converting carrier data into well-organized summaries for clients. We are excited to see the progress of the software Cognisure is developing and can’t wait to see the results of our pilot program
Brett Tiagwad
VP, Conner Strong & Buckelew
Data has long been an important, yet challenging component of the insurance industry. Well organized and accurate data provides huge opportunity to generate insights and improve decision making. Loss run data is critical but has proven to be difficult to harness. We are thrilled that CogniSure is working hard to solve this challenge for the industry.
Seth Hausman
Managing Director, Kraus-Anderson
CogniSure’s ability to quickly map, and normalize loss data from multiple carriers is a game changer. In an industry with very little data standardization, CogniSure provides producers and account teams with the ability to deliver insights into customer loss information that was previously too difficult to make use of in an efficient manner.
Mike McIntire
CTO, Graham Company
Harness the Potential of Loss Run Data with CogniSure AI
Move beyond traditional manual processes and embark on a journey of intelligent decision-making by harnessing the potential of loss run data through our innovative solution.
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