Digital insurer Sure has introduced Sure Verify, an AI-based solution designed to automate insurance compliance verification in real time for property managers and ‘proptech’ platforms.
Touted as a “first-of-its-kind platform”, Sure Verify is now available across all US markets to enhance how tenant insurance coverage is verified and monitored.
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Sure Verify leverages proprietary AI technology to validate insurance policy details automatically, enhancing the traditional verification process.
It integrates with existing property management systems and resident onboarding workflows, helping tenants confirm their insurance in “less than a minute”.
The platform offers property managers a centralised dashboard, enabling them to gain “real-time” oversight of compliance across their portfolios.
It features reporting and real-time alerts, with automated notifications for policy renewals and compliance updates.
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By GlobalDataThe company aims to address the insurance and property management sectors, where manual policy verification demands staff time and is prone to errors, the release said.
Its AI-driven system automates the process, providing continuous monitoring to ensure coverage for consumers throughout their policy term.
The solution is said to benefit property management companies by automating tenant insurance policy monitoring, verifying coverage, notifying about policy changes and integrating with current software to lower operational costs.
Sure CEO Wayne Slavin said: “The process of verifying and monitoring insurance compliance has remained stubbornly manual and error-prone, creating significant risks and operational inefficiencies for businesses. Sure Verify represents a fundamental shift in how businesses handle insurance compliance verification.
“By leveraging AI and our insurance technology rails, we are transforming what was once a painful manual process into an automated, real-time monitoring solution that ensures continuous compliance while dramatically reducing operational costs.”
In December 2024, Sure collaborated with CU Financial Group to introduce SimpleQuote, a digital insurance solution that provides credit union members with seamless access to insurance services.
