Available today, customers will be able to automatically generate a customized COI in less than a minute, furthering NEXT’s commitment to providing a simple and efficient insurance experience.
Palo Alto, California, April 26, 2023 /PR Newswire/ — next insurancetoday announced the launch and availability of Certificate of Insurance (COI) Analyzer, a leading digital insurtech company transforming small business insurance. Apply to potential employers within a minute. This new service is the latest in NEXT’s commitment to innovating in the small business insurance space, delivering on its promise to provide a simple and streamlined insurance experience.
COI is often required and can make the difference between being hired for a job or not.next COI analyzer Through our 24/7 self-service portal on your desktop or mobile app, you can upload a sample certificate and receive an auto-generated COI within seconds. Advanced machine learning models read sample documents using optical character recognition (OCR) and object detection networks to accurately identify certificate holder details and any special requirements that sample certificates might contain. to extract and understand.
“Insurance should not keep small business owners from thriving. Insurance should empower them to start, launch, grow and scale. “I am thrilled to be a part of that success story,” said Effi Fuks-Leichtag CPO of NEXT. “By leveraging the latest machine learning models, we eliminate the guesswork and the potential for human error, ensuring our COI is correct the first time, so that individuals can get back to their passion for running their business. can.”
Companies such as construction, retail, cleaning professionals, sports and fitness often require a new personalized COI for every job. In fact, Next confirms that some construction business owners almost have to share his COI. 200 times a yearIn 2022, Next customers generated an average of 16,314 COIs per month. Of these, 9,215 are in construction, 1,204 in retail, and 984 in cleaning professionals. The many documents from various customers and companies come with a myriad of potential inputs and needs to complete the COI. This also benefits an insurance agent who regularly receives examples of her COI from clients considering new job opportunities. They need to make sure the client has the correct coverage and create a COI. This new feature saves agents time on both fronts. Now COI Analyzer takes less than a minute from start to finish, speeding up the process, eliminating errors and ensuring a modern experience.
“As a fitness, nutrition and wellness coach, COI is critical to securing work quickly and keeping my clients working.” Laura JeanFounder and CEO Fit by LJ, Inc. “Every 6 months, we may need to create up to 4 different COIs, so the efficiency and accuracy of each request is important. NEXT’s COI Analyzer removes several cumbersome steps from the process. and saved an average of 10 minutes, just recently I used a COI analyzer to complete the process and was hired within 20 minutes after NEXT automatically sent proof to potential employers .”
Visit us to learn more about the benefits of NEXT free digital health insurance card How to generate a free and instant custom insurance policy using COI analyzer.
About Next Insurance
next insurance is transforming small business insurance with simple, digital and affordable coverage tailored for the self-employed. Trusted by over 450,000 business owners, NEXT offers policies that are easy to purchase and accessible 24/7. live insurance policy, including additional insured persons, at no extra charge. Revolutionizing the historically complex insurance industry, NEXT uses AI and machine learning to simplify the purchasing process and provide more affordable coverage. Founded in 2016, headquartered in Palo Altoreceived the sum of $881 million Rated “A-Excellent” in venture capital funding AM Best recognized by CNBC Disruptor 50, Forbes Fintech 50, Inc. blue chip companyand Forbes Best Startup Employers. For more information, see: NEXTInsurance.comFor more information about partnering with NEXT and the value of embedded insurance, please visit the NEXT website. partner pageTurn on .NEXT to get the latest information twitter, LinkedIn, Facebook and our blog.
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