Business Insurance names CorVel’s CogencyIQ an innovation | Business Insurance

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FORT WORTH, Texas, August 09, 2022 (GLOBE NEWSWIRE) — CorVel Corporation (NASDAQ: CRVL), a national provider of risk management solutions, received the 2022 Innovation of the Year award from business insurance by Cognitive IQ, a full-service workers’ compensation and liability claims management service that uses cutting-edge analytics to produce a wide range of intelligent, actionable insights. This is the third year in a row that CorVel has been recognized for its innovative products and services that support professional risk managers.

CogencyIQ combines artificial intelligence and predictive analytics with input from leading expert consultants to deliver advanced business intelligence and insights for risk managers. Provides personalized and scalable support that includes:

  • Custom Report Packages
  • Loss analysis
  • advanced analytics
  • Comparative analysis against industry, market and state trends
  • Program evaluation, evaluation and cost-benefit analysis

“We created CogencyIQ to address the challenges associated with gathering actionable insights from the vast amount of data involved in risk management, and we are honored to be recognized for our efforts,” said Michael Combs, President and CEO of CorVel. “The development of CogencyIQ is a true testament to our team’s hard work and dedication to providing innovative tools, services and support to our partners. Our focus and early adoption of technology in workers’ compensation has made it possible for CorVel to improve overall results.”

business insurance will recognize the winners during an awards ceremony in New York City on September 14, 2022. The winners’ profiles will be featured in a special digital edition of Innovation and Technology from business insurance as well as the September 2022 issue of business insurance. Click here for more information on the 2022 Innovation Awards. For more information on CorVel Corporation, visit corvel.com.

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About Corvel

CorVel Corp. applies technology including artificial intelligence, machine learning and natural language processing to improve the management of episodes of care and related health care costs. We partner with employers, third-party administrators, insurance companies, and government agencies to manage workers’ compensation and health, auto, and liability services. Our diverse set of solutions combines our integrated technologies with a human touch. CorVel’s personalized services, delivered locally, are backed by a national team to support clients, as well as their clients and patients.

Safe Harbor Declaration under the Private Securities Litigation Reform Act of 1995

All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates and projections about the Company, management’s beliefs and certain assumptions made by the Company and events outside the Company’s control, all of which are subject to change. Such forward-looking statements include, but are not limited to, statements regarding the Company’s claims management services and the Company’s continued investment in these and other innovative technologies, and statements regarding the Company’s workers’ compensation service offerings. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement, including the risk that the impact of The COVID-19 pandemic on our business, results of operations, and financial condition is greater than our initial assessment.

The risks and uncertainties discussed above include, but are not limited to, the factors described in this news release and the Company’s filings with the Securities and Exchange Commission, including, but not limited to, “Risk Factors” in the Company’s Annual Report. on Form 10-K for the year ended March 31, 2022, and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2022 and September 30, 2021 and September 31, 2022. December 2021. Forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to publicly revise or update any forward-looking statement for any reason.

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Contact: Melissa Storan
Phone: 949-851-1473
corvel.com

Business Insurance names CorVel's CogencyIQ an innovation | Business Insurance CorVel Corp