Certificial’s patented software uses real-time data to ensure businesses have continuous, compliant insurance coverage in their supply chains. The solution combines certificate issuance and compliance management into a single easy-to-use platform that helps minimize risk, ensure compliance, and reduce costs for every stakeholder in the COI process, including insureds, agents and brokers, and requestors. Certificial’s Smart COI Network is used by over 12,000 insurance agencies, which provide over 90% of commercial business insurance in the US and Canada.
Unlike other solution providers in this space, Certificial encompasses the entire process of creating and distributing smart COIs by enabling agents and insureds the ability to provide third parties with continued access to coverage information, acting as an extension of the system of record to certificate holders. Cofounded by the former Chief Technology Officer of ACORD and backed by top investors, Nationwide, IA Capital, Fin VC, Cameron Ventures, and Cofounders Capital, Certificial is driving the future of digital insurance verification with their Smart COI Network™.