Taking on an Old Insurance Hassle

Surely, the human knowledge knows no conceivable boundary, but at the same time, it also knows nothing better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the right goods. The same has grown increasingly evident over the recent past, and assuming one new insurtech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Mulberri, an AI-driven embedded insurance startup, has officially collaborated with VensureHR and Trion Solutions, two of the nation’s largest Professional Employer Organizations, to launch a new Certificate of Insurance (COI) platform. According to certain reports, the stated COI platform comes decked up with a fully automated self-service model for clients to request COIs and generate a standard certificate without PEO involvement at any point whatsoever. Complimenting the same is a user-friendly interface, which saves you from having to seek out any manual assistance when it comes to accessing the system, entering the necessary details, and eventually requesting COIs. But what would the solution bring for us on a granular level? Well, to give you a gist, it offers real-time integration with a company’s existing payroll and HR systems. Such a capability should ensure instant and automated syncing of client data and policy information, therefore significantly bringing down the costs we have long come to expect around here. Also, in case you are worried, the new COI platform can, right from the get-go, work with various master policy carriers like PRISM HR and others. Anyway, we referred to automated syncing of data, but we still haven’t quite covered how the solution facilitates automated data ingestion in regards to renewal of policies. Ditching the inefficient methodology of individual renewal certificate generation, the feature allows you to put-together certificates in bulk and then email them, in a similarly all-encompassing manner, to clients and their certificate holders. There is also a self-service angle to the platform in question, considering it hopes to enhance the customer experience by allowing PEO customers to generate their certificates with a simple click of a button. This involves banking upon a single sign-on into Mulberri’s COI platform, all from the comfort of your in-house payroll system. Rounding off the highlights are certain end-to-end solutions that are meant to consolidate the whole experience onto a single platform. The solutions available at launch include COI creation, downloading, emailing, and generating reports.

“The Mulberri COI platform has transformed the way we generate certificates — which in turn dramatically impacts how we serve clients,” said Daniel Opferman, chief insurance officer at VensureHR. “The platform’s automation and seamless integration of payroll software and workers’ compensation master carriers eliminates paper trails, emails, phone calls and multiple data entry points — it’s a true game-changer.”

Fair enough, founded in 2021, Mulberri has reshaped the insurtech industry mainly through a combination of advanced technology and its cutting-edge cyber insurance program. The company’s excellence in providing comprehensive cyber insurance coverage, streamlined processes, and dedicated risk management tools, can also be validated by the fact that it currently serves everyone from PEOs and brokers to small-medium businesses and even industry-leading insurance carriers.

“We are delighted that from now on, PEOs and Workers’ Compensation Master Carriers will have a powerful and easy to use platform to help them manage and issue COIs,” said Hamesh Chawla, co-founder and CEO at Mulberri. “The launch and our commitment to providing embedded insurance solutions continue to be enablers in the ongoing transformation of the insurance industry. We are proud to support this evolving journey and to help businesses be more efficient and productive, accelerating their growth and success.”