TrustLayer and Aclaimant: A Perfect Partnership for Risk Management
By John Fohr, CEO and Co-founder of TrustLayer and David Wald, Co-founder of Aclaimant
Feb 22, 2022
Sometimes a partnership just makes perfect sense: peanut butter and jelly, salt and pepper, and TrustLayer and Aclaimant.
In 2013, Aclaimant recognized that risk management processes were outdated. When we asked friends and family in the insurance industry about their biggest frustrations, we heard rampant delays, inefficiencies, and poor outcomes. Based on this feedback, we put our heads together and set out to make a better incident management system that would improve how companies manage data, people, and processes. Nine years later, we’ve built a comprehensive risk management platform that addresses those early complaints and empowers risk managers to improve organizational behavior, create process efficiencies, and leverage the power of data and analytics to achieve an overall safer environment for their employees.
Using technology to create better risk management processes? Sounds familiar to the TrustLayer team. Maybe that’s because we share similar roots, with both of us involved in BrokerTech Ventures and Modern Ventures. Or maybe it’s because we already share some great clients who recognize the great risk management opportunities that come from combining our technology.
Just as Aclaimant recognized the need for digital technology to revolutionize organizational risk management, TrustLayer recognized the critical need for digital technology in insurance risk management. TrustLayer’s AI-powered collaborative risk management platform works to digitize the highly manual, error-prone, and paper-based process of insurance verification. With TrustLayer, companies can securely automate the verification of insurance, licenses, and compliance documents of their business partners (e.g. vendors, subcontractors, suppliers, borrowers, tenants, ridesharing, and franchisees) in an easy-to-use digital dashboard.
Our technologies bring risk management into the 21st century and apply Silicon Valley thinking and problem solving to everyday problems. From Mom & Pop stores to multi-million dollar construction companies, risk managers at companies of every size benefit from technology that can improve their daily workflows and elevate their risk management strategy.
Together, we’re using advanced technology to drive down the cost of risk and offering our clients a full risk management suite. Our platforms make it easier for teams to work together, and ensuring better risk management through enhanced collaboration is a key shared value reflected in how we designed our solutions. Effective risk management technologies should seamlessly connect all parties involved and make it easier to share, review, and request documents and information.
“It’s gratifying to see our alums not only create successful, industry-changing risk management products, but to see them work together to create an even more valuable experience for users is exceptionally special” said John Jackovin, Executive Director at Brokertech Ventures. “Both TrustLayer and Aclaimant came to us having identified a clear market need. Their partnership will provide immense opportunities for customers to better manage their risk from all angles.”
This partnership is an exciting step to expand the world of digital risk management. With TrustLayer, risk managers are able to better track critical insurance documents. With Aclaimant, risk managers can better scale incidents and claim management processes and visualize their outcomes. Combined, they can develop a more comprehensive understanding of all aspects of their risks and subsequently, better manage their risk. And in our minds, this is only the beginning for what a truly integrated risk management system can be. We’re excited to have our teams working together as we shape the technology and user experience that will drive future technology innovations in the risk environment.
Together, TrustLayer and Aclaimant are making it easier than ever for risk managers to perform their jobs more efficiently and effectively. This promises to be an exciting step for both companies as we create a modern risk management ecosystem.