InsureCert

InsureCert is an insurance software platform developed by InsureCert Systems Inc. According to the vendor, it aims to streamline insurance processes, automate workflows, and enhance productivity for insurance brokers, program administrators, and other professionals in the insurance industry. The platform offers a comprehensive solution for policy administration, underwriting, and customer relationship management (CRM), catering to companies of all sizes, from small insurance agencies to large program administrators.

Key Features

Machine Learning Underwriting: According to the vendor, InsureCert automates risk assessment, analyzes vast amounts of data for accurate pricing, streamlines the underwriting process, and enables comprehensive risk analysis using unstructured data sources.

Automation Engine: The vendor claims that the automation engine of InsureCert eliminates manual tasks, streamlines data collection and analysis, handles real-time data for accurate risk assessment, and enhances efficiency while reducing human errors.

Seamless Information Collection and Premium Calculation: InsureCert is said to automate data extraction, reducing the burden on customers and underwriters. According to the vendor, it considers multiple data sources for accurate premium calculations, resulting in improved overall customer experience and efficiency.

Easy to Use, Scalable, and Built for Speed: The vendor states that InsureCert is designed with user-friendly features for ease of use. They claim it is a scalable platform that can accommodate the growing needs of insurance companies. InsureCert utilizes advanced machine learning technology for fast and efficient underwriting decisions, which is said to enhance competitiveness in the market.

Policy Automation: According to the vendor, InsureCert automates everything from quoting to renewal reminders. They claim it offers a "no-code" platform for easy configuration and online program deployment. InsureCert can design and distribute insurance programs to brokers, agents, or direct consumers on any device or website. The vendor also highlights that InsureCert is scalable, secure, and built for speed, making it ideal for automation.

Invite Your Team: According to the vendor, InsureCert allows users to transform underwriting into groups for better decision control. It enables teamwork with access to smoother program ratings, overrides, and policy documents. InsureCert also provides a centralized location to store all relevant information, promoting easier collaboration and efficiency.

Invite Brokers: The vendor claims that InsureCert can run on any domain, providing total control over user access. They state that the DNS Web Service allows for highly configurable workflows, including quote, bind, and issue processes. InsureCert supports various payment options, such as recurring credit cards, monthly payments, or agency bill invoicing. Additionally, InsureCert is hosted on AWS servers, offering flexibility in data storage and delivery of invoices and policies.

Automated Workflows: InsureCert includes a powerful rating engine that automates risk calculations, cutting processing costs by 80%, according to the vendor. It can be used for affinity groups, partners, and managers, facilitating faster and easier processes. InsureCert is described as a versatile cloud insurance rating engine platform that runs on any domain. Users can build embedded insurance apps and distribute capacity anywhere, according to the vendor.

Analytics and Reports: InsureCert provides up-to-the-minute reports delivered straight to the user's inbox on a set schedule, according to the vendor. It offers an extensible reports module for building complex calculations, loss ratios, and more. InsureCert also allows for customizable reports, eliminating the need for frustrating and repetitive report building. The vendor claims that InsureCert provides valuable insights into insurance processes and performance.

Integration with API Insurance Partners: InsureCert seamlessly integrates with third-party tools and systems through APIs, according to the vendor. It allows users to connect existing tools and expand capacity through the InsureCert platform. InsureCert supports integration with popular partners like Stripe, Briza, Boost, Opta, and First Insurance Funding. Users can leverage these partner capabilities to enhance their insurance processes.