Cognition+ Delivers New Capabilities for Brokers & Agents Working with Mutual Carriers

Cognition+ is pleased to announce the successful launch of its Broker Connectivity solution with seven mutual insurance carriers.

Leading insurance carriers and MGAs that run their business on the Cognition+ Insurance Platform are able to support their Broker partners with new, direct connectivity solutions. Transactions for Policy Inquiry, Billing & Claims Inquiry, as well as Quote and New Business Upload for select personal lines business within Applied Epic®, Acturis Power Broker or Vertafore SIG™ are fully supported.

Cognition+ has partnered with 3Tree Inc. to provide a simplified implementation that leverages APIs to communicate between platforms and aligns with the data exchange principles advocated by IBAC and CSIO. A significant benefit of this approach is the ability to quickly add additional carriers and support for other broker management systems by leveraging the Cognition+ Platform APIs.

While the initial launch covers high-frequency transactions for personal lines, Cognition+ and 3Tree will continue to deliver additional value including:

• Connection to leading Comparative Rating systems
• Commercial, Farm, IRCA New Business Quote and Upload
• First Notice of Loss
• Policy Change

The Cognition+ Platform will fully support Brokers and Agents within their BMS, while providing direct access for Agents who do not use such systems.

“Cognition+ is fulfilling the ideals of brokers, carriers and key industry stakeholders who want users working in their own company solutions and completing transactions on behalf of the policyholders through direct data exchange. This ensures the optimal experience for everyone, while minimizing implementation and training efforts, seamlessly introducing a more cost-effective process that eliminates third party portals, email, and double entry”, Matthew Scott, President & CEO of Cognition+. “This is another milestone for our clients and further justification for the digital transformation we have been enabling across our insurance community. We are pleased with the collaboration we have enjoyed with BMS Vendors, our clients, and partners throughout this project. We’re excited to share these advancements that will fundamentally change the way our clients conduct business digitally and securely.”

“We have been able to reduce the number of moving parts on these projects, simplifying the rollout process and we’re looking forward to signing additional carriers and sales channel solutions in the near future”, Jason Kraft, Manager of Professional Services. “With phase one complete, we’re turning our eye to additional functionality and connection points across the insurance industry. This is a fundamentally different approach than what the industry has been doing over the past 20 years.”