Industry Insurance coverage Names CorVel’s CogencyIQ an Innovation of the Yr

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CorVel Corp.

FORT WORTH, Texas, Aug. 09, 2022 (GLOBE NEWSWIRE) — CorVel Company (NASDAQ: CRVL), a countrywide supplier of possibility control answers, has gained a 2022 Innovation of the Yr award from Industry Insurance coverage for CogencyIQ, an entire employees’ reimbursement and legal responsibility claims control provider that makes use of state of the art analytics to supply a large vary of clever, actionable insights. That is the 1/3 consecutive yr that CorVel has been identified for its cutting edge services and products that strengthen skilled possibility managers.

CogencyIQ combines synthetic intelligence and predictive analytics with enter from main knowledgeable specialists to supply complex trade intelligence and insights for possibility managers. It supplies custom designed and scalable strengthen together with:

  • Adapted reporting programs

  • Loss-run research

  • Complicated analytics

  • Comparative research in opposition to business, marketplace and state traits

  • Program analysis, overview and cost-benefit research

“We created CogencyIQ to deal with demanding situations related to gleaning actionable knowledge from the huge quantity of information excited by possibility control, and we’re venerated to be identified for our efforts,” mentioned Michael Combs, CorVel President and CEO. “The advance of CogencyIQ is a real testomony to our staff’s laborious paintings and willpower to handing over cutting edge equipment, provider and strengthen to our companions. Our focal point and early adoption of generation in employees’ reimbursement has made it imaginable for CorVel to toughen total results.”

Industry Insurance coverage will acknowledge winners throughout an awards rite in New York Town on September 14, 2022. Profiles of the winners might be featured in a unique Innovation and Generation virtual version of Industry Insurance coverage in addition to the September 2022 factor of Industry Insurance coverage. Click on right here to be told extra concerning the 2022 Innovation Awards. For more info about CorVel Company, please seek advice from www.corvel.com.

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About CorVel

CorVel Corp. applies generation together with synthetic intelligence, system finding out and herbal language processing to give a boost to the managing of episodes of care and the similar well being care prices. We spouse with employers, third-party directors, insurance coverage firms and executive businesses in managing employee’s reimbursement and well being, auto and legal responsibility services and products. Our various suite of answers combines our built-in applied sciences with a human contact. CorVel’s custom designed services and products, delivered in the neighborhood, are sponsored by means of a countrywide staff to strengthen purchasers in addition to their shoppers and sufferers.

Secure Harbor Commentary below the Non-public Securities Litigation Reform Act of 1995

All statements integrated on this press liberate, rather then statements or characterizations of ancient truth, are forward-looking statements. Those forward-looking statements are in line with the Corporate’s present expectancies, estimates and projections concerning the Corporate, control’s ideals, and likely assumptions made by means of the Corporate, and occasions past the Corporate’s keep watch over, all of which can be matter to modify. Such forward-looking statements come with, however aren’t restricted to, statements with regards to the Corporate’s claims control services and products and the Corporate’s persevered funding in those and different cutting edge applied sciences, and statements with regards to the Corporate’s employees’ comp provider choices. Those forward-looking statements aren’t promises of long term effects and are matter to dangers, uncertainties and assumptions that would purpose the Corporate’s precise effects to range materially and adversely from the ones expressed in any forward-looking observation, together with the chance that the have an effect on of the COVID-19 pandemic on our trade, result of operations and monetary situation is bigger than our preliminary overview.

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The hazards and uncertainties referred to above come with however aren’t restricted to elements described on this press liberate and the Corporate’s filings with the Securities and Change Fee, together with however no longer restricted to “Possibility Components” within the Corporate’s Annual File on Shape 10-Okay for the yr ended March 31, 2022, and the Corporate’s Quarterly File on Shape 10-Q for the quarters ended June 30, 2022, and September 30, 2021 and December 31, 2021. The forward-looking statements on this press liberate discuss best as of the date they’re made. The Corporate undertakes no legal responsibility to revise or replace publicly any forward-looking observation for any explanation why.

Touch: Melissa Storan

Telephone: 949-851-1473

www.corvel.com