InsurTech Startup CogniSure Launches AI Platform for Commercial Loss Run Automation With 9 Pilot Customers

The insurance industry spends a significant amount of manual effort, time and money analyzing PDF and Excel loss runs that are in nonstandard, carrier-specific, unstructured document formats. The CogniSure patent pending algorithms extract data with high accuracy levels and normalize to a common loss run format. It further converts this data into actionable insights that can be a valuable input into the risk management decision-making process.