Woman using a barcode reader in a distribution warehouse - insurance verification

The Only Fully-Automated, Fully-Digital Insurance Verification Software Solution Designed for the Enterprise

 

Did you know that

1 in 5 Insureds do not respond to companies' request for proof of insurance.

Source: Evident customer data

Average company has 23 compliance criteria, but some have up to 50.

Source: Evident customer data

Insurance premiums are expected to increase an average of 11.6% next year across all lines and claims.

Source: Business Insurance

Only 68% of third-party insurance policies have the company listed as an Additional Insured

Source: Evident customer data

Protect your business from these four market challenges

 

Visibility Problem

No visibility into insured network compliance and status

Approximately 50% of the enterprises that we speak to either don’t collect or don’t verify coverage.

Manual Problem

Slow and manual process to collect, review, decide and store COIs

It takes approximately 30 minutes to verify insurance and an additional 45minutes if it's not compliant

Compliance Problem

Lack of COI re-verification leading to no cancellation notices

Up to 75% of the network does not meet coverage requirements

Cost Problem

Minimal audit trail for claims and litigation

Premiums rose 14 of the last 16 quarters for both enterprise and 3rd parties

insurance verification

Insurance Verification & Management, Reinvented

 

  • We’re an out-of-the-box third-party risk management solution

    With end-to-end COI tracking solution

  • Our high-tech, secure platform extracts and digitizes all COI types

    We introduce new product updates every month

  • Authoritative verification and monitoring to detect changes

    No outsourcing or manual verification

  • Automated risk decisioning against your insurance requirements

    No erroneous communication with insureds

  • We provide Insureds with easy access to the exact right coverage

    No workflow or selling to get them compliant

  • Comprehensive, highly accurate view of third-party risk

    All through a comprehensive, easy-to-use dashboard

Evident ROI Calculator

This free calculator simulates the potential return on investment that your company could realize by using our technology-based insurance verification solution to vet and retain your vendors and other third-party partners. Simply answer a few questions and fill out a form to see how much money your company could be saving with Evident!

man trying out new smart phone - insurance verification

We innovate across four categories

 

  • Deep Visibility

    Digitize all coverage data to enable transparency into insured compliance.

    Admin portal dashboard with full reporting of insured network.

    Compliance status available in any platform via API.

  • Automation

    Insureds or Brokers submit coverage evidence via branded, web or mobile UI.

    Evident’s software collects, extracts, digitizes and ------ decisions against customer’s coverage criteria.

    Can handle Insure-level criteria.

    Programmatic reverification (e.g. 30 days before expiry).

  • Getting to “Yes”

    Significant resources in the UI and customized landing page to maximize conversion.

    Non-compliant notifications with detailed reasons.

    Ability for Admin to set Compliance Exceptions.

    Embedded path to insurance expert and offers (via Marsh or preferred Broker).

  • Optimization

    Customer can leverage strong compliance, audit trail and reports for corporate insurance savings.

    Competitive insurance fulfillment options for insured network,

    Service will dramatically reduce 3rd-party risk at a 5-10x ROI

See for yourself

Comprehensive, accurate insurance verification without the risk

 

The most comprehensive insurance verification solution

Ensure comprehensive Certificate of Insurance compliance and risk mitigation across industries like franchises, retail, logistics, commercial lending, and more

 

Brochure

Evident is redefining third-party risk management with our automated insurance verification solution. Download our brochure to read more about the only fully-automated, fully-digital enterprise technology solution designed to help enterprises reduce third-party risk, spend, and manual effort.

 

State of Third-Party Insurance Verification Report

Download Evident’s research report about third-party insurance verification and risk management to see statistical benchmarks and analysis, plus a step-by-step guide to help businesses reduce risk, save money, and demonstrate compliance!

 

Ready to reduce your third-party risk with automated Insurance Verification and Fulfillment?

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