RCS - CogniSure, Inc. - CogniSure, PwC Offer Digital Underwriting Solution

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12/04/2023 12:01

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RNS Number : 8838V  CogniSure, Inc.  12 April 2023

CogniSure and PwC Announce a Collaboration to Offer an Integrated Digital
Underwriting Solution for the UK Market

CHICAGO, IL / ACCESSWIRE / April 12, 2023 / CogniSure, AI, an Illinois-based
corporation, is pleased to announce they are entering into a partnership with
PwC UK for the London market. CogniSure and PwC are joining forces to
collaborate on an integrated digital underwriting solution for the London
insurance market. The engagement will help insurers and MGAs optimize their
underwriting process, reduce expense ratio and scale their business by
boosting underwriting capacity.

PwC's digital underwriting workbench uses the Salesforce platform to digitize
the underwriting experience for underwriters, brokers and collaborators.
CogniSure's AI-powered platform extracts data from unstructured insurance
documents such as MRC slips, loss runs and schedules, which is then integrated
into PwC's digital underwriting workbench solution. This integration automates
and streamlines the submission intake process for underwriters.

"CogniSure's platform breaks the efficiency barriers created by unstructured
data in the insurance industry. Through this relationship, we are much better
prepared to help insurance companies overcome their underwriting challenges in
a comprehensive manner," said Steven Gough, Partner, from PwC.

"We are extremely enthusiastic about this development. PwC's reputation in
providing strategic advisory services to insurance companies is second to
none. Combining this competency with their digital underwriting workbench
accelerator and CogniSure's AI platform will act as a force multiplier for the
insurance industry," said Sai Raman, CEO and Founder of CogniSure Inc.

About CogniSure

CogniSure is a leading provider of AI-powered insurance solutions that help
insurers streamline their operations, reduce costs, and improve customer
satisfaction. The company's solutions leverage the latest advances in machine
learning and natural language processing to analyze insurance data and provide
actionable insights. Founded in 2016, CogniSure is headquartered in New York
City. For more details, please visit www.cognisure.ai
(https://stats.newswire.com/x/html?final=aHR0cHM6Ly93d3cuY29nbmlzdXJlLmFpLw&hit%2Csum=WyIzdmRtdXMiLCIzdmRtdXQiLCIzdmRtdXUiXQ)
.

About PwC

At PwC, our purpose is to build trust in society and solve important problems.
We're a network of firms in 155 countries with over 327,000 people who are
committed to delivering quality in assurance, advisory and tax services. Find
out more and tell us what matters to you by visiting us at www.pwc.com
(https://stats.newswire.com/x/html?final=aHR0cHM6Ly93d3cucHdjLmNvbS8&hit%2Csum=WyIzdmRtdXYiLCIzdmRtdXciLCIzdmRtdXUiXQ)
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Media inquiries can be directed to Katy McBride at media@cognisure.ai
(https://stats.newswire.com/x/html?final=bWFpbHRvOm1lZGlhQGNvZ25pc3VyZS5haQ&hit%2Csum=WyIzdmRtdXgiLCIzdmRtdXkiLCIzdmRtdXUiXQ)
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Contact Information

Katy McBride

Head of Operations
media@cognisure.ai (mailto:media@cognisure.ai)

(630) 995-9904

SOURCE: CogniSure, Inc.

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