Certificial risk score

Certificial is a pioneering entity in the realm of InsurTech, offering robust solutions in insurance risk management and compliance through its advanced platform. Founded by Peter Teresi, the former Chief Technology Officer of ACORD, the company is shaping the future of real-time insurance verification. Certificial leverages patented technology to facilitate ongoing, compliant insurance coverage across supply chains, greatly enhancing efficiency and minimizing risks.

Operating primarily in the United States and Canada, Certificial's technological prowess is evident in delivering its Smart Certificate of Insurance (COI) Network that currently services over 12,000 insurance agencies, which account for more than 90% of commercial business insurance in these regions. This innovative platform not only streamlines the issuance and management of certificates but also integrates compliance mechanisms into a single, user-friendly interface. By simplifying these complex processes, Certificial ensures cost reduction and heightened compliance for insurers, agents, brokers, and requestors involved.

What sets Certificial apart in the FinTech landscape is its ability to offer seamless access to updated certificate data. Through its network, insured parties, and agents can continually provide third-party requestors with real-time insurance coverage information. This ongoing accessibility is crucial for certificate holders, acting as a direct extension of their system of record.

The company's commitment to revolutionizing the insurance verification process has attracted substantial backing from prominent investors, including Nationwide, IA Capital, Fin VC, Cameron Ventures, and Cofounders Capital. This support underscores the industry's confidence in Certificial's role as a disruptor and leader in the digital transformation of insurance services.

With Certificial’s technology and strategic vision, businesses now have an indispensable tool to manage evolving risks and comply with increasingly stringent insurance requirements efficiently, heralding a new standard in the insurance and risk management industry.