Atlanta, Georgia, December 15, 2022 Treaty Oak General Agency will adopt Cogitate DigitalEdge, a cloud-native policy and distribution platform, the company's fast-growing roster of MGA clients, according to an announcement made today by Cogitate, a pioneer in property and casualty insurance technology. Cogitate's DigitalEdge insurance platform solutions platform is designed to provide MGAs, Carriers, and Program Administrators with the highest level of flexibility, enabling them to easily expand into new markets, broaden their product offerings, and provide a smooth and intuitive client and agent experience.

"Treaty Oak is an innovative and forward-thinking MGA that appreciates the necessity of implementing a flexible and modern solution with the proper technology partner who brings with it decades of insurance operations experience," stated Arvind Kaushal, CEO & Co-Founder, Cogitate. We anticipate playing a significant role in Treaty Oaks' rapid expansion and ongoing success.

Incorporating more than 30 third-party data providers and carrier integrations, Cogitate's pre-integrated digital insurance ecosystem "enables our customers with data pre-fills for better risk selection during the submission process and ensures a complete digital engagement throughout the binding process and beyond." Jacqueline Schaendorf, a Cogitate co-founder, stated.

A creative and quickly expanding MGA with a Texas base that specialises in Commercial Auto and Cargo Insurance is called Treaty Oak General Agency, LLC. The business offers a wealth of tools, resources, and expertise in commercial transportation to offer its agents and clients the finest coverage at a competitive price. Visit www.treatyoakga.com for more information on Treaty Oak General Agency.

About Cogitate Technology Solutions®

Cogitate Technology Solutions, Inc. delivers the most innovative digital insurance platform & technology and ecosystem of third-party micro-services to insurers, MGAs, brokers, and agents. The company’s highly configurable and automated DigitalEdge platform creates unparalleled speed-to-market and accelerated growth with effortless implementation, no matter the complexity or ingenuity of the insurance product or business model.Cogitate is a trusted technology partner serving clients throughout the insurance value chain and maintains 100% client retention since it was established in 2015.

For more information about Cogitate, please visit www.cogitate.us .

The administration of different insurance products, from application processing to customer interaction and insurance claim settlement, is made simple by the claim management software system. Users of this software can control insurance products by assessing and rating the effectiveness of the claims procedure.

Claims Management Software's Advantages

1. First, customer satisfaction Because of the intense market rivalry today, service quality has evolved into a key component in determining a customer's loyalty to an insurance. Investing in a claim management software system ensures that all data is processed accurately and quickly.

2. Conserve time The manual procedure typically takes a long time and might occasionally result in mistakes. By removing the need for manual procedures, this programme also prevents work from being done again. In short, data accuracy increases staff productivity and saves time.

3. Budget-Friendly Any insurance carrier or agency will find it difficult to handle the claim process at the lowest possible cost without making an investment in the claim management system.

4) Permitted Access The claim management software system incorporates a system architecture that restricts data access to each user to their unique set of credentials. This system doesn't ever allow anyone else to access the data. As a result, it guarantees the protection of any sensitive information.

5. Detection of Fraud This insurance claims fraud detection software system enables you to quickly identify fraud and expedite the investigative process in the event that a claim contains fraud allegations.

6. Data Integration In a system of this type, advanced data can be integrated, providing the following advantages. It gives you access to real-time information, an improved workflow, and data access in a predetermined manner.

7. Standardization of Process The claim settlement process is standardized by the claim management software. It integrates different claim operations carried out by several systems.

Problems with reporting, claim processing, and policy administration are the main issues that insurers deal with. The aforementioned issues must be resolved by a trustworthy insurance option. Insurance solutions must unquestionably enable a variety of options, including mobile-savvy goods.

The functionality of software may differ greatly depending on who it is intended for. However, the following characteristics are essential when discussing insurance options.

1. Internal Metrics Profitability metrics including loss ratio, burning expenses, risk cost per policy, net basis, and reinsurance are included in insurance solution software. The built-in KPIs offer analysis tools and sophisticated reporting right out of the box.

2.Monitoring Claims Activity

Complete claim information, such as claim payments, unpaid claim reserves, payment components, deductibles, peril and event codes, and pertinent claim activity dates, can be captured by software.

3. Calculation of Lapse and Renewal

The due dates for the renewal of the premiums and policies are grouped together. The system offers data on the comparison of renewal rates, renewal lists, and analysis of lapses.

4. Views on the Sum Insured and Insurance Exposure Insurance is more than just claims about premiums and cash flow. Whether the risk is based on the insured amount or the unit base, businesses must keep an eye on it.

5. Backing Organizational structure changes Asymmetric organizational structures and multiple hierarchical chains must be supported by the insurance solution. Various scenarios for when the organizational structure changes ought to be provided. It guarantees accurate reporting of profitability performance and channel distribution.

Southern General Insurance Company ("SGIC") plans to replace its legacy Sapiens SIS system with the Cogitate Digital Insurance Platform. SGIC announced a partnership with Cogitate, a pioneer in accelerated digital insurance for Wholesale Brokers, MGAs, and Carriers, to provide readiness and relevance as the industry rapidly evolves.

Cogitate DigitalEdge is a full stack, cloud native digital underwriting and distribution platform that provides insurance providers with modern policy administration systems. DigitalEdge is powered by industry-leading Low Code No Code capabilities and includes a third-party data and service ecosystem that has been pre-integrated.

"We found a partner in Cogitate who understands insurance as well as we do." "The Cogitate team will not only provide a modern digital insurance solution, but will also assist us in streamlining our processes to improve underwriting, increase efficiency, and reduce operational costs," said Diane Boyer, Vice President of Operations at Southern General Insurance Company. "We chose Cogitate DigitalEdge for its future-ready digital capabilities combined with a wide range of cutting-edge features." We will implement Cogitate DigitalEdge Policy, Billing, and Claims modules, eliminating the need to integrate our decades-old SIS system with third-party user interfaces."

"For automatic risk capture and data prefill, DigitalEdge is pre-integrated with multiple third-party data providers." Its robust analytics provides line-of-business specific details via built-in dashboards, charts, and reports with drill-down on key data points," said Edward Cologgi, Vice President of Sales for Southern General. "DigitalEdge is equipped with a best-in-class Low Code No Code platform, which will enable us to significantly increase market speed and respond quickly to market changes."

"One of Cogitate's strongest advantages is that we can integrate with customers' existing core and legacy systems with a digitalization layer or replace them with our modern solutions," said Arvind Kaushal, CEO and Co-Founder of Cogitate.

DigitalEdge is truly cloud native, which means that our customers can choose the modules their businesses require today while the scalability ensures their future growth. We are thrilled to be working with Southern General Insurance Company to provide a modern, contemporary user experience to their customers, employees, and channel partners.