Certificial is a real-time insurance verification platform that utilizes SmartCOI™ technology to automate the issuance and tracking of Certificates of Insurance (COIs) across all stakeholders. This platform addresses the inefficiencies and compliance risks associated with manual COI management, ensuring that all parties have access to the most current coverage information instantly.
Funding
$21.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
NPFounders
Product
Problem
Managing Certificates of Insurance (COIs) manually is inefficient, prone to errors, and exposes stakeholders to compliance risks due to outdated coverage information. Verifying insurance coverage across multiple parties often involves cumbersome processes, leading to delays and potential gaps in protection.
Solution
Certificial offers a real-time insurance verification platform that automates the issuance, tracking, and management of COIs through its SmartCOI™ technology. The platform connects requestors, agents/brokers, and insured parties, providing all stakeholders with immediate access to current and accurate coverage details. By integrating with insurance agencies, Certificial automatically updates COIs whenever coverage changes occur, eliminating manual updates and ensuring continuous compliance. This streamlined process reduces administrative overhead, minimizes errors and ensures that all parties are informed of any changes to insurance coverage in real-time.
Target Audience
Certificial serves requestors who need to track suppliers' insurance, agents/brokers seeking to automate COI issuance, and insured parties aiming to efficiently share coverage information.
Features
- SmartCOI™ Network: Connects all parties involved in the COI process for real-time information exchange.
- Automated COI Updates: Integrates with insurance agencies to automatically update COIs upon coverage changes.
- Real-Time Tracking: Allows requestors to monitor suppliers' COIs and ensure compliance.
- Digital Issuance: Enables agents and brokers to issue COIs instantly and at scale.
- Unified Platform: Provides a single platform for managing COIs across multiple agents and policies.
- Compliance Alerts: Notifies users of non-compliance issues to prevent uninsured activity.
- Integration Capabilities: Offers AMS integration for seamless COI issuance.
- Powerful Dashboard: Captures live data for comprehensive oversight and reporting.