The partnership allows a real digital experience for all stakeholders in the insurance certification process
BOSTON, June 22, 2022 / PRNewswire / – Новидеяthe creator of a cloud-based data-based platform that optimizes the entire life cycle of insurance policy and distribution, and CertificateSmart COI Network ™, which transforms real-time insurance verification, today announced a new technology partnership to transform the legacy insurance certification process (COI) into a seamless, fully digital experience.
Through this partnership, Certificial’s Smart COI works initially on Novidea’s management platform, making the required certification function seamless and more efficient. Agents will benefit from real-time access to the most up-to-date COIs in a file. Novidea users will eliminate 90% of the time they spend issuing and managing COIs without leaving Novidea’s cloud-based platform at all. Retail policy holders will also benefit from gaining access to the latest COIs at all times, providing an enhanced customer experience and access to state-of-the-art technology through their Novidea agent or broker.
About Certificial The partnership with Novidea for certification strengthens their Smart COI Network and will have a leak effect that has a positive impact on their network of agents, brokers, MGA / MGU, wholesalers, carriers, policyholders and certificate holders . This partnership supports Certificial’s mission to transform insurance verification for all stakeholders in the COI process.
“Certificial is excited to partner with Novidea, a company that shares many similar values with us,” he said. Peter Theresa, CEO and co-founder of Certificial. “Both Novidea and Certificial are working to stimulate innovation in the insurance industry through technology and partnerships, and we are proud that Novidea has chosen us to be their own certification partner.”
“Novidea has always focused on adopting strategic technology partnerships that improve our customer experience,” they said. Eric Ayala, SVP and GM on Novidea. “The certificate is naturally suitable for us. This partnership illustrates our ecosystem approach using the best technologies and using our open API infrastructure. We are proud to have them as a value-added service to create the agency’s next-generation management system and transform the legacy certificate insurance process. “
Full integration with Certificial is scheduled to begin actively for Novidea customers in the third quarter of 2022.
About the certificate
Certificate is the leading, dynamic Certificate of Insurance Certificate (COI) platform that transforms the insurance verification process by using real-time data to ensure that businesses have continuous, compatible coverage. By combining certification and compliance management in one simple platform, Certificial eliminates risk, ensures compliance and reduces costs for each stakeholder in the COI process. Unlike other solution providers in this area, Certificial covers the entire process of creating and distributing smart COIs through enabling agents and ensures the ability to provide third parties with constant access to coverage information, acting as an extension of the recording system for certificates. Founded by the former Chief Technology Officer of ACORD and supported by top investors, Nationwide, IA Capital, Fin VC, Cameron Ventures and Cofounders Capital, Certificial manages the future of digital insurance verification with their Smart COI Network ™.
Новидея is a leading provider of the only cloud-based, data-driven insurance platform that allows brokers, agents and the MGA to modernize and manage clients’ insurance travel from end to end and stimulate growth throughout the lifecycle of insurance distribution. The Novidea platform, designed to harness the power of Salesforce’s great technology, provides a complete ecosystem covering every aspect of the insurance business. The platform’s artificial intelligence technology provides a 360-degree view of the customer and all stakeholders, allowing full integration between customer-targeted policy transactions and the middle and back office. Brokers, agencies and MGAs get more value from their clients and policy data with active intelligence from any device and anywhere. Novidea turns data into insight into the point of need, enabling better-informed solutions and providing greater value to customers through products and services tailored to individual needs. Novidea, a member of MGAA and a partner of ACORD, supports more than 100 clients, including agents, brokers, MGA and London market, managing more than 22 million policies in 20 countries. For more information, please go to: www.novideasoft.com
Contact for more information
Chameleon Team for Novidea USA
T: +1 (603) 809-2748
Next generation communications
M: +44 (0) 7771 516544
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