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 mechanically confirm the insurance coverage and licenses of their distributors, suppliers, debtors and tenants.
“Considered one of Holmes Murphy’s essential objectives is to determine dangers sooner and drive down prices sooner, all of the whereas streamlining time-consuming, mundane, and dangerous duties our workers take of for our purchasers,” stated Ellen Willadsen, Holmes Murphy chief innovation officer.
“The distinctive worth TrustLayer brings to the equation is the power to automate the insurance coverage verification course of utilizing robotic course of automation (RPA) and synthetic intelligence (AI). This gives our purchasers with peace of thoughts realizing the protection their enterprise companions have in place is ample, validated, and compliant. It’s only one extra means Holmes Murphy is working to innovate throughout the insurance coverage {industry} to learn our purchasers.”
“It’s clear that validating insurance coverage is damaged if, in a world full of expertise, individuals are nonetheless choosing up the telephone, printing, faxing, and submitting these paperwork thousands and thousands of occasions annually,” added John Fohr, co-founder and CEO of TrustLayer.
“We’re constructing the trendy means for companies to strategy danger, compliance, and insurance coverage verification, and it definitely doesn’t contain name facilities or fax machines. It requires true partnership to hook up with programs of file and get to the bottom reality of a coverage. I’m notably happy that Holmes Murphy and the BrokerTech Ventures group be a part of TrustLayer in that imaginative and prescient, and we welcome their partnership as we resolve this vital industry-wide drawback.”
“We’re particularly happy with the work TrustLayer is doing not just for Holmes Murphy, however your complete insurance coverage {industry},” continued Willadsen.