TEANECK, N.J., Sept. 24, 2019 /PRNewswire/ — Cognizant (CTSH) today unveiled a new artificial intelligence-powered software platform that gives property insurers the ability to process large numbers of claims stemming from natural disasters or other catastrophic events in record time. Applying AI to before-and-after imagery in conjunction with location data provided by partner and global technology company Pitney Bowes ensures rapid, accurate damage assessments and expedited claims payment, while reducing handling expenses per claim to insurers by half compared to traditional processing. “For homeowners who have experienced property damage following a natural disaster, it is especially difficult waiting for insurance claims to be settled given all of the other stress that goes along with such an experience,” says Rod Harden, Chief Claims Officer from Velocity Risk Underwriters.

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