TrustLayer
About TrustLayer
TrustLayer automates the collection and verification of Certificates of Insurance (COIs) using machine learning and AI, enabling risk managers to efficiently manage third-party compliance. By analyzing over 400,000 COIs monthly, the platform provides actionable insights that enhance risk visibility and streamline vendor onboarding processes.
<problem> Managing third-party risk and ensuring insurance compliance is a complex and time-consuming process, often involving manual collection and verification of numerous certificates of insurance (COIs). Inefficient COI management can lead to gaps in coverage, increased operational risk, and potential financial losses. </problem> <solution> TrustLayer offers an AI-powered platform that automates the collection, verification, and management of COIs, streamlining third-party risk management. The platform uses machine learning to analyze COIs against predefined standards and industry benchmarks, identifying coverage gaps and compliance issues. By providing actionable insights and automating communication workflows, TrustLayer enables risk managers to efficiently onboard vendors, reduce administrative overhead, and maintain continuous compliance. The system facilitates collaboration between risk managers, finance teams, executives, administrators, coordinators, brokers, and carriers. </solution> <features> - AI-powered COI analysis that identifies gaps in coverage and compliance issues - Automated collection and follow-up workflows for efficient vendor onboarding - Real-time risk visibility and reporting through a centralized dashboard - Collaboration tools for seamless communication between stakeholders - Integration with existing systems via APIs - Customizable compliance standards and requirements - Support for multiple types of insurance requirements - Mobile access for on-the-go management </features> <target_audience> TrustLayer is designed for risk managers, finance teams, executives, administrators, coordinators, brokers, and carriers across various industries who need to efficiently manage third-party risk and ensure insurance compliance. </target_audience>
What does TrustLayer do?
TrustLayer automates the collection and verification of Certificates of Insurance (COIs) using machine learning and AI, enabling risk managers to efficiently manage third-party compliance. By analyzing over 400,000 COIs monthly, the platform provides actionable insights that enhance risk visibility and streamline vendor onboarding processes.
Where is TrustLayer located?
TrustLayer is based in San Francisco, United States.
When was TrustLayer founded?
TrustLayer was founded in 2018.
How much funding has TrustLayer raised?
TrustLayer has raised 22030000.
- Location
- San Francisco, United States
- Founded
- 2018
- Funding
- 22030000
- Employees
- 43 employees
- Major Investors
- Craft Ventures