TrustLayer utilises RPA and AI to automate the insurance coverage verification course of and Holmes Murphy goals to make use of this as effectively. By way of TrustLayer, firms can robotically confirm the insurance coverage and licenses of their distributors, suppliers, debtors and tenants.

“One in every of Holmes Murphy’s foremost targets is to determine dangers sooner and drive down prices sooner, all of the whereas streamlining time-consuming, mundane, and dangerous duties our staff 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 realizing the protection their enterprise companions have in place is satisfactory, 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 expertise, persons are nonetheless choosing up the telephone, printing, faxing, and submitting these paperwork hundreds of thousands of instances every year,” added John Fohr, co-founder and CEO of TrustLayer.

“We’re constructing the trendy approach 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 methods 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 remedy this crucial industry-wide downside.”

“We’re particularly happy with the work TrustLayer is doing not just for Holmes Murphy, however the complete insurance coverage {industry},” continued Willadsen.