Certificial is free for insurance agents and aims to revolutionize how insurance is verified and continuously monitored.
Many interactions between businesses hinge on the ability for one party to provide a proof of insurance to the other. For example, delivering commercial shipments, accessing construction sites, or renting a commercial space each require handing over paper attesting to your insurance coverage. HawkSoft is partnering with the dynamic verification platform Certificial to bring a more modern solution to independent agencies. Never before has insurance coverage data been able to connect and send dynamic updates directly to certificate holders. This end-to-end visibility not only eliminates fraud and the misuse of forms but can improve compliance.
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Certificial uses cloud technology to offer a digital and dynamic proof of insurance. Instead of the old static point-in-time Certificates of Insurance, Certificial allows companies of all sizes to directly monitor, in real time, that a person or business are properly insured. When integrated with the HawkSoft agency management system, insurance agencies can keep Certificial in sync with their client and policy data automatically. Changes made in HawkSoft or received by HawkSoft via a carrier’s policy download will automatically update Certificial. These changes are then populated throughout the certification process. If a policy is cancelled or not renewed in HawkSoft, Certificial automatically revokes certification and prevents potential liabilities from having un-insured or under-insured entities on a job site.
HawkSoft believes in this digital approach for insurance and even introduced their own web-based Self-service Certificates platform in 2019 to aid agencies in issuing certificates more efficiently. “As more independent agents diversify their book into commercial lines, they are demanding better tools to service those large accounts,” said Rushang Shah, VP of Marketing at HawkSoft. Rushang continues, “HawkSoft is thrilled to form a close partnership with Certificial. Their novel approach to dynamic verification and compliance monitoring is making the flow of data between carriers, agencies, and businesses seamless.”
Certificial CEO, Peter Teresi, is the former Chief Technology Officer at ACORD. “Our partnership with HawkSoft represents a significant milestone in transforming the legacy utilization of Certificates of Insurance. Together our platforms allow for compliance checks and COI updates to become dynamic and automated; Certificate Holders can finally maintain compliance without having to rely on point-in-time information. We’re excited to work with agencies using HawkSoft and eliminate the manual and repetitive processing caused by traditional COI methods.”
Certificial offers their services to independent insurance agents and brokers at no cost. Mutual customers can activate integration in HawkSoft’s Marketplace.
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