TrustLayer utilises RPA and AI to automate the insurance coverage verification course of and Holmes Murphy goals to make use of this as effectively. Via TrustLayer, firms can routinely confirm the insurance coverage and licenses of their distributors, suppliers, debtors and tenants.
“One in all Holmes Murphy’s essential objectives is to determine dangers sooner and drive down prices quicker, all of the whereas streamlining time-consuming, mundane, and dangerous duties our workers take of for our shoppers,” stated Ellen Willadsen, Holmes Murphy chief innovation officer.
“The distinctive worth TrustLayer brings to the equation is the flexibility to automate the insurance coverage verification course of utilizing robotic course of automation (RPA) and synthetic intelligence (AI). This offers our shoppers with peace of thoughts figuring out the protection their enterprise companions have in place is sufficient, validated, and compliant. It’s only one extra approach Holmes Murphy is working to innovate throughout the insurance coverage {industry} to profit our shoppers.”
“It’s clear that validating insurance coverage is damaged if, in a world crammed with know-how, persons are nonetheless choosing up the cellphone, printing, faxing, and submitting these paperwork thousands and thousands of occasions every year,” added John Fohr, co-founder and CEO of TrustLayer.
“We’re constructing the trendy approach for companies to method danger, compliance, and insurance coverage verification, and it actually doesn’t contain name facilities or fax machines. It requires true partnership to connect with techniques of document and get to the bottom fact of a coverage. I’m significantly happy that Holmes Murphy and the BrokerTech Ventures neighborhood be a part of TrustLayer in that imaginative and prescient, and we welcome their partnership as we clear up this crucial industry-wide downside.”
“We’re particularly pleased with the work TrustLayer is doing not just for Holmes Murphy, however your entire insurance coverage {industry},” continued Willadsen.
