CogencyIQ is CorVel’s response to these demands. It combines close surveys of market information and trends with program analysis to sift through the data, understand the evolution of your business and respond with solutions. With CogencyIQ, CorVel has expanded its analytics team to include data scientists, experts in machine learning and predictive analytics, and senior thought leaders with deep knowledge of the market and top-level solutions expertise.
Whether you’re a new risk manager for a local organization, an experienced senior claims leader or a tenured global risk manager, CogencyIQ has something to offer you and your program—from analytics reporting to comprehensive program analysis.
CorVel takes another giant step forward, advancing cutting-edge analytics in workers’ comp and liability claims management. CogencyIQ allows for even greater data analysis, recommendations and control of risk, putting a lens on each case to sharpen the finest details.
Our clients’ needs vary, and CogencyIQ can provide the level of support you need—at the time you need it.
Provides a complete view of overall risk/claims insight through visual reporting of information via interactive, dynamic dashboards. BI transforms data into business insights to clearly illustrate what risk managers need to know.
Creates the opportunity for strategic, data-driven decision making by identifying areas of opportunity and providing recommendations. For example, CogencyIQ Consulting can identify a pattern of locations with disproportionate injuries, pinpoint the cause and present recommendations the customer can act upon themselves.
Through machine learning and corresponding tracked recommendations, AI can provide better insight and actions for a claim. For example, predictions of a claim’s litigation risk—with risk scoring updated every night—help a manager identify and mitigate the chances of a suit being filed. Tailored recommendations via an action card are provided along with a risk score.
Learn more about how CogencyIQ can transform your claims management to create better outcomes today.
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