As businesses navigate an increasingly complex and rapidly evolving digital landscape, the need for agile and efficient technology solutions has become paramount. Innoveo’s full-stack no-code platform enables insurers to build robust and scalable applications rapidly, without the need for extensive coding knowledge. Capgemini’s deep expertise in consulting, technology, and industry-specific solutions makes them the perfect partner to further enhance the value of Innoveo’s platform.

Combining Innoveo’s innovative platform with Capgemini’s extensive experience in digital transformation, insurers will be equipped with the tools and guidance needed to accelerate their path to success. The alliance between Innoveo and Capgemini will provide clients with a comprehensive range of services, including:

Accelerated Digital Transformation: By harnessing Innoveo’s full-stack no-code platform, organizations can rapidly develop and deploy digital solutions tailored to their unique needs, resulting in accelerated digital transformation journeys.

Streamlined Application Development: Innoveo’s platform simplifies the application development process, allowing businesses to build robust and scalable applications with minimal coding. This enables organizations to streamline their development cycles and bring solutions to market faster.

Industry-Specific Expertise: Capgemini’s deep industry knowledge combined with Innoveo’s full-stack insurance focused platform will enable the creation of solutions that address unique challenges and opportunities across the insurance landscape.

Enhanced Operation Efficiency: The alliance will focus on enhancing operational efficiency by leveraging Innoveo Skye’s platform capabilities to develop user-friendly applications that address the complicated workflow and back-end integration issues of the Insurance industry.

“We are excited to announce our strategic alliance with Capgemini,” said Manisha Bhargava, Chief Revenue Officer at Innoveo. “Combining our full-stack no-code platform with Capgemini’s extensive capabilities, our jointly created industry solutions/accelerators and industry innovation lab will provide our clients with much needed acceleration for their transformation efforts and empowering them to stay ahead in the digital age.”

“Legacy modernization is top of mind for the insurance industry. To minimize the risk of full-scale legacy core replacement and accelerate the process, we are increasingly seeing insurers partner with firms that provide low-code and no-code platforms,” said Kathy Miller, VP and Head of Worldwide Insurance Alliances, Capgemini. “Innoveo’s cutting-edge technology solution aligns perfectly with our goal of delivering superior value to our clients, driving innovation, automating manual processes, and unlocking new revenue streams for Insurance Carriers.”

About Innoveo:

We believe you can build modern applications that deliver digital experiences and drive business growth without having to write any custom code. That’s why it’s our mission to empower enterprises in complex and regulated industries to re-imagine application development by enabling them to be connected, innovative, quick, and nimble. Backed by leading investors including Everstone Capital and Paulson & Co, Innoveo’s cloud based, AI enabled no-code platform is currently in production globally at over 30 industry leaders across insurance, financial services, healthcare and real estate. With Innoveo, you’ll get the solutions and industry expertise you want, plus a little extra: a thoughtful, no-nonsense experience delivered with a refreshing dose of honesty.

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CHICAGO, May 2, 2023 (Newswire.com) – CogniSure AI, a leading provider of insurance document extraction and analytics solution provider, has entered into a partnership with market leading no-code platform provider, Innoveo, to drive underwriting efficiencies and pricing accuracy for commercial insurers.

CogniSure’s Submission Insights platform unlocks understandings trapped in unstructured documents such as loss runs, applications, schedules, and SOV’s – in real time with high accuracy levels. The enhanced submission data output is integrated into Innoveo’s Digital Underwriting Workbench accelerator that automates underwriting workflows to deliver a frictionless and end-to-end digital experience for underwriters.

This partnership thus combines the power of two revolutionary technologies – the no-code capabilities of Innoveo with AI powered automation capabilities of CogniSure. The pre-built integration between CogniSure and Innoveo will help insurers cut down time and cost of processing submissions and boost underwriting capacity while allowing underwriters to focus on risk analysis and decision making.

“We are excited to partner with Innoveo who is committed to the cause of improving time to value and innovation for insurance industry.  We are thoroughly impressed by their no-code capabilities, and I believe the unique combination of our solutions will maximize value for commercial insurers driving superior underwriting outcomes” said Sai Raman, Founder & CEO, CogniSure.

“Innoveo’s Digital Underwriting Workbench integrated with Cognisure’s Submission Insights platform is a great example of the Insurtech ecosystem at work,” said Thiru Sivasubramanian, Chief Solutions Officer, Innoveo. “The integrated offering is truly a winning proposition for Commercial Insurers as it accelerates digitization through trained ML models and enhances efficiency of submission intake and underwriting for the industry.”

About Innoveo

We believe you can build modern applications that deliver digital experiences and drive business growth without having to write any custom code. That’s why it’s our mission to empower enterprises in complex and regulated industries to re-imagine application development by enabling them to be connected, innovative, quick, and nimble. Backed by leading investors including Everstone Capital and Paulson & Co, Innoveo’s cloud based, AI enabled no-code platform is currently in production globally at over 30 industry leaders across insurance, financial services, healthcare and real estate. With Innoveo, you’ll get the solutions and industry expertise you want, plus a little extra: a thoughtful, no-nonsense experience delivered with a refreshing dose of honesty. For more information, visit: innoveo.com.

About CogniSure AI

CogniSure helps commercial lines companies to transform unstructured insurance documents into actionable insights. Its deep learning algorithms accurately extract, normalize, validate, and analyze data from documents to develop insights that will enhance risk decision making capabilities, improve customer experience and prevent losses. For more details, please visit www.cognisure.ai.

Media inquiries can be directed to Katy McBride at media@cognisure.ai.

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Newly launched accelerator enables small commercial insurers to quickly launch personalized insurance offerings that help small businesses better manage risks and protect assets.

Princeton, NJ, March 15, 2023 – Innoveo, a leading no-code technology provider for insurance enterprises, today announced the launch of its accelerator for the small commercial insurance space. The accelerator, empowering insurers to quickly launch and bind offer personalized insurance in the booming small and medium enterprises (SME) market.

To increase penetration into this thriving market, the accelerator offers customizable insurance products to help small businesses tailor their coverage to their unique needs, with a user-friendly digital interface that simplifies the insurance buying process. Automated underwriting and real-time data analysis help businesses assess their risks and make informed decisions about their coverage.

This will allow innovative insurers to grow rapidly in this booming yet underserved market, achieve greater customer loyalty, and drive informed cross- and up-sell opportunities.  Innoveo’s Small Commercial Insurance Solution also provides a range of benefits to small business owners, including cost savings, streamlined processes, and enhanced customer experience.

Small business insurance offers critical financial protection from a variety of risks, providing business owners with peace of mind. A business owner’s policy (BOP) combines risks such as commercial property insurance, commercial liability insurance, business interruption insurance, professional liability insurance, commercial auto insurance, and worker’s compensation insurance.

“We’ve partnered with leading global insurance carriers to create a unique digital capability that streamlines risk management and delivers capability to bind a policy at the point of sale. This will be a game changer for commercial insurers looking to profitably grow in the lucrative SME markets,” said Vinod Kachroo, Chief Executive Officer at Innoveo. “Our no-code platform Innoveo Skye®, enables insurers to quickly deploy digital capabilities and achieve business results.”

The Small Business insurance accelerator brings further innovations to the pioneering Innoveo Skye platform. The platform includes ready-made accelerators, products that are ready to launch on installation, and can be completely configured and tailored to insurer needs. Innoveo’s integrated development environment with built-in features like APIs, code templates, reusable plug-in modules and accelerators automates a significant percentage of the application development process and enables 5-10x in productivity improvements with up to 75% fewer technical resources.

About Innoveo

We believe you can build modern applications that deliver digital experiences and drive business growth without having to write any custom code. That’s why it’s our mission to empower enterprises in complex and regulated industries to re-imagine application development by enabling them to be connected, innovative, quick, and nimble. Backed by leading investors including Everstone Capital and Paulson & Co, Innoveo’s cloud based, AI enabled no-code platform is currently in production globally at over 30 industry leaders across insurance, financial services, healthcare and real estate. With Innoveo, you’ll get the solutions and industry expertise you want, plus a little extra: a thoughtful, no-nonsense experience delivered with a refreshing dose of honesty. For more information, visit: https://www.innoveo.com/.

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Accelerator enables insurance underwriters to automate decisions with a comprehensive integrated workbench, providing a faster and more responsive stakeholder experience throughout the underwriting process

Princeton, NJ, October 29, 2022 – Innoveo, a global technology firm and a pioneer in enterprise no-code platform today announced the rollout of their newly enhanced Digital Underwriting Workbench solution for property and casualty (P&C) insurance carriers.

Innoveo developed the Digital Underwriting Workbench solution to help solve key challenges within the insurance underwriting process, including poor transparency in the underwriting process, lengthy cycle times based on manual engagements, and lack of integrations and coordination across multiple platforms & stakeholders. In the past year, two innovative US-based insurance carriers have leveraged this Innoveo accelerator to streamline and empower their underwriters toward better and faster decision-making.

With the workbench solution, underwriting teams get a singular view across multiple systems along with automated data intake so less time is spent on mundane tasks as well as data consolidation or data correlation. The underwriters will have more capacity to process new business, enabled to automate and make informed decisions based on real-time data and analytics, benefiting all stakeholders involved.

“The solution provides a single pane of glass experience to underwriting teams, optimizes the underwriting processes, automates repetitive manual tasks, and enables straight-through-processing,” said Thiru Sivasubramanian, Chief Solutions Officer at Innoveo. “Using Innoveo’s digital underwriting workbench, insurers have a pre-configured solution to jumpstart digitization, leverage product templates, improve productivity throughout the underwriting process, reduce turnaround times and drive collaboration across teams.”

Capabilities of the solution include:

-Case Management with rules-based decision management, execution, automation and routing

-Insurance product templates with options for Rate/ Quote / Bind / Issue or integration with existing rating engines

-Persona based user journeys for personalized experiences

-Provide the Underwriting team with real-time data, filters and view/edit options for analysis & decisioning

-Customizable business rules to support quick declines and underwriting triage

-API enabled for ingestion of third-party data sources improving efficiency and data integrity

-Extraction of structured and unstructured data including broker emails, apps, loss runs and driver/vehicle or integration with existing Intelligent Document Processing platforms

About Innoveo

We believe you can build modern applications that deliver digital experiences and drive business growth without having to write any custom code. That’s why it’s our mission to empower enterprises in complex and regulated industries to re-imagine application development by enabling them to be connected, innovative, quick, and nimble. Backed by leading investors including Everstone Capital and Paulson & Co, Innoveo’s cloud based, AI enabled no-code platform is currently in production globally at over 30 industry leaders across insurance, financial services, healthcare and real estate. With Innoveo, you’ll get the solutions and industry expertise you want, plus a little extra: a thoughtful, no-nonsense experience delivered with a refreshing dose of honesty. For more information, visit: https://www.innoveo.com/.

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