Accelerate and scale with us

What we do

Provide tailored insurance IT solutions

Implement AI and automation technologies

Modernize legacy systems and processes

Who we do it for

Property & casualty insurers

Life, annuity providers, group and retirement insurance companies

Insurance Brokers, agents, and carrier

What you get

Speed up underwriting with AI

Quick claims processing via automation

AI insights for faster insurance products

The power of AI in your insurance operations

Our comprehensive insurance IT services and solutions enable you to embrace digital transformation, streamline operations, and enhance customer experiences by leveraging advanced technologies like AI, automation, data analytics, document summarization, and template outputs. These capabilities reduce costs, improve accuracy, and accelerate time-to-market for new products.

We offer tailored solutions that address the unique challenges of property & casualty, life & annuity, and group & retirement insurers, helping you modernize legacy systems, optimize underwriting processes, and create personalized, digital-first customer journeys.

Additionally, our tools for document summarization and case reviews assist in combating law firms by enhancing legal efficiency and precision. Partner with us to modernize your operations and drive sustainable growth in the increasingly digital insurance industry.

Start your efficiency journey now

Services and solutions

AI-driven underwriting

Streamline your underwriting process with our AI-powered solution. Assess risks in real-time, improve accuracy, and reduce processing times. Automatically analyze vast data sets, enabling better pricing decisions and enhanced profitability. Boost operational efficiency with faster, smarter, and more informed underwriting decisions, all while ensuring compliance and accuracy.

Intelligent claims processing

Transform your claims handling with our AI-powered automation solutions. Process claims faster, reduce errors, and enhance customer satisfaction. Automatically assess claims, detect fraud, and route complex cases to specialists. Improve efficiency, lower costs, and ensure quicker payouts for a smoother experience for your policyholders.

Customer experience personalization

Deliver personalized customer experiences with our AI-powered CX platform. Consolidate data, create tailored interactions, and boost satisfaction across all touchpoints. Anticipate needs, provide proactive support, and offer relevant products in real-time. Enhance customer retention and drive higher lifetime value with faster, smarter, and more efficient customer engagement.

Regulatory compliance automation

Simplify insurance compliance with our automated solution. Collect, validate, and generate reports seamlessly, ensuring timely, accurate submissions to regulatory bodies. Reduce the risk of non-compliance, avoid penalties, and focus on core business tasks. Stay ahead of changes with real-time updates and advisory services for smooth, worry-free compliance.

Product development and pricing optimization

Accelerate product development and optimize pricing strategies using AI to analyze market trends and customer data. Simulate market scenarios to test new products before launch, reducing time-to-market by 60% and increasing the success rate of product launches by 40%

Insurance product innovation lab

Stay ahead of the competition with our insurance product innovation lab. This collaborative environment combines industry expertise, design thinking, and cutting-edge technology to help you conceptualize and develop innovative insurance products. From usage-based policies to parametric insurance, our lab enables you to rapidly prototype, test, and launch new offerings that meet evolving customer needs and capitalize on emerging market trends.

Data analytics and predictive modeling platform

Unlock the potential of your data with our advanced analytics and predictive modeling platform. Leverage AI to uncover insights, predict trends, and make data-driven decisions. From risk assessment to fraud detection, streamline your entire insurance value chain and gain a competitive edge with smarter, more informed strategies.

Legacy system modernization

Revitalize your outdated systems with our legacy modernization services. Transition from rigid architectures to flexible, cloud-based solutions that adapt to evolving business needs. Improve operational efficiency, cut maintenance costs, and integrate new technologies faster. Experience minimal disruption while unlocking the full potential of modern insurance technology for your business.

POD - Our rightfit model

PODs (Product Oriented Delivery) by Codvo.ai represent a bare-boned, easy-to-deploy team that addresses specific business challenges.

Self-contained and self-managed

Our PODs are fully autonomous, taking ownership of the entire project lifecycle from start to finish, so you can focus on your core business while we handle the details.

Technical consultancy and innovation

Combining deep technical expertise with innovative thinking, our teams provide tailored solutions that align with your business goals and drive future-ready outcomes.

Optimized project engineering

We ensure that every project is engineered for success, using best practices and cutting-edge tools to deliver optimized results on time and within budget.

Result

01.
A POD is curated and handpicked via the RightFit team, our proprietary way of bringing team synergies in sync.
02.
By productizing the technology services model, we encourage businesses of all sizes to make a conscious and cost-effective choice without compromising on customer experience.
03.
We can set up a POD for you as quickly as 2 weeks, and you do not have to go through the hassle of lengthy partner engagements, hiring, or training.

GenAI for insurance- Introducing NeIO

NeIO, Codvo's cutting-edge generative AI platform, is revolutionizing the insurance industry. This powerful tool leverages the latest advancements in artificial intelligence to address various challenges faced by insurers.

Key features of NeIO include -

Personalized policy generation -
NeIO can instantly create tailored policy documents based on specific customer needs and risk profiles.

Intelligent claims processing -
The platform can analyze claims data, images, and reports to accelerate decision-making and detect potential fraud.

Customer service enhancement -
NeIO powers advanced chatbots and virtual assistants, providing 24/7 support and personalized recommendations to policyholders.

Risk assessment and underwriting -
By analyzing vast amounts of structured and unstructured data, NeIO assists underwriters in making more accurate risk assessments.

Learn more

AI-driven underwriting

Intelligent claims processing

Customer experience personalization

Regulatory compliance automation

Product development and pricing optimization

Insurance product innovation lab

Data analytics and predictive modeling platform

Legacy system modernization

AI-driven underwriting

Intelligent claims processing

Customer experience personalization

Regulatory compliance automation

Product development and pricing optimization

Insurance product innovation lab

Data analytics and predictive modeling platform

Legacy system modernization

Accelerate and scale with us

What we do

Who we do it for

What you get

Case studies

A leading property and casualty insurer enhanced efficiency with Codvo’s digital transformation suite, reducing policy issuance time by 40%, decreasing claims processing duration by 60%, and boosting customer satisfaction by 25%.

A life and annuity provider boosted competitiveness with Codvo’s insurance product innovation lab, launching three new products, increasing new business premiums by 15%, and cutting time-to-market for new products by 50%.

Codvo built AI-powered contact center solutions for a fintech giant, streamlining operations, boosting agent connectivity, and enhancing customer satisfaction for a leading insurance firm.

The power of AI in your insurance operations

Services and solutions

POD - Our rightfit model

Self-contained and self-managed

Technical consultancy and innovation

Optimized project engineering

Result

GenAI for insurance- Introducing NeIO

FAQs

How long does it typically take to implement your insurance IT solutions?

Are your solutions compatible with our existing legacy systems?

How do you ensure data security and compliance with insurance regulations?

Can your AI solutions really improve underwriting accuracy?

How can your solutions help us improve customer experience?

Do you offer ongoing support and maintenance for your solutions?

How does your pricing model work?

Can your solutions help us launch new insurance products faster?

How do you stay ahead of emerging technologies in the insurance industry?

Can you help us with change management during the digital transformation process?

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