Understanding and navigating industry-specific challenges are essential for success in any business, including insurance. Brokers, agents, MGAs/TPAs and carriers must implement ways to harness deep domain expertise to optimize, transform and infuse technology into their operations in order to drive efficiency, effectiveness, and innovation.
The ability to navigate complex challenges while maintaining operational efficiency is
Cogneesol Blogs
Blog Authors
Latest from Cogneesol
Why India is a Preferred Legal Outsourcing Destination
For close to three decades now, India has been one of the most sought-after hubs for Legal process outsourcing services in the world. Outsourcing legal work to India is a preferred destination for global businesses owing to its high-quality legal services and cost savings. The country boasts a bevy of legal process service providers who…
Optimize and Transform with Insurance Policy Management Software
Attracting and retaining customers are persistent challenges confronting insurers. Attribute this to the technology advancements that have been driving intense competition across the insurance landscape. Through the years, customers have been getting used to digital experiences and personalized services in every aspect of their life. Insurers have been, therefore, grappling with pressures to innovate and…
The Power of Effective Contract Management in the Real Estate Industry
“The global real estate market size was valued at USD 3.69 trillion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. The market is expected to grow healthy during the forecast period, owing to the rising population and a desire for personal household space.”…
Cogneesol – A Major Contender in Everest Group’s P&C Insurance BPS PEAK Matrix® Again
Cogneesol has been recognised as a Major Contender in Everest Group’s P&C Insurance BPS PEAK Matrix for the year 2022. With this, we have received this recognition two years in a row.
The PEAK Matrix Assessment is based on Everest Group’s annual RFI process for the calendar year 2022, interactions with leading P&C Insurance BPS…
Remote Accounting Services – An Engine for Profitability and Growth
Businesses of all sizes are increasingly recognizing the benefits of remote work arrangements and digital accounting solutions. Small firms are embracing remote work, while accountants are integrating cloud-based technologies into their practices, facilitating seamless collaboration across geographical boundaries. Many business owners, owing to a knowledge gap in their accounting departments, seek professional expertise remotely. Large…
Certificate of Insurance: Everything You Need to Know
Certificates of Insurance (COI) are legal documents of proof of an individual or entity’s insurance coverage. These certificates, used in business transactions and contracts, serve as evidence to verify that the insured party has the necessary insurance protection. They are typically issued to a third party, known as the certificate holder.
Certificates of Insurance outline…
How Law Firms Thrive with Outsourced Paralegals
Outsourced paralegal services are on the rise. According to the Legal Process Outsourcing Global Market Report 2023 by ResearchandMarkets.Com, “The global legal process outsourcing market grew from $11.76 billion in 2022 to $14.81 billion in 2023 at a compound annual growth rate (CAGR) of 26.0%. The legal process outsourcing market is expected to grow to…
The Impact of AI on Accounting Practices in 2024
“Accounting has evolved from simple record keeping to sophisticated systems of checks and balances. Key developments, according to BSC and Medius, include:
Around 3300 B.C. — Tax records on clay tablets.
1458 — Double-entry accounting system.
1494 — First book with accounting concepts.
1854 — First professional accountant organizations.
1880s — Adding machine.
1955 —…
Legal Case Management Software – Which One Is Best for You?
The legal case management software landscape has been witnessing marked changes for the past few years owing to the increased need for streamlined and efficient legal workflows by both law firms and law departments of big organizations. This has been suitably fueled by the path-breaking tech innovations that are slowly turning into a way of…