Colorado FAIR Plan Launches DigitalEdge Insurance Platform as Insurer of Last Resort

“The team did amazing work to deliver an end-to-end digital insurance management platform to underwrite, issue, and service policies as well as manage claims. We have the tools to meet the market needs in Colorado now and into the future.”  – Kelly Campbell, Executive Director

Overview:

Colorado FAIR Plan has launched the newest FAIR plan in the country on DigitalEdge Insurance Platform to support policy, billing, and claims management of Dwelling & Fire and Commercial Property insurance of last resort. This success story covers the aggressive timeline for COFP’s leadership to launch the plan and how the implementation was achieved through collaboration with experienced leadership and Cogitate’s rapid deployment strategy. Discover the key features and data integrations of this state-of-the-art core platform, which are essential for COFP to achieve the plan’s goals and serve as a strong partner to Colorado’s businesses and residents.

We recommend this to:

• Administrators of FAIR and Beach Plans across the US, challenged to scale efficiently as more property owners seek insurers of last resort.
• Any new start-up entity or insurer interested in deploying a new line of business in weeks.
• Insurers of personal and commercial property interested in COFP’s critical platform requirements to provide an exemplary user experience, conduct accurate risk evaluations with great efficiency, and scale affordably to be a good partner to the industry and state of Colorado.