Vertikal RMS Unveils Hawk-I AI Tool to Streamline Certificate of Insurance Compliance

Vertikal RMS Launches Hawk-I: AI-Powered Tool for Certificate of Insurance Compliance

Vertikal Risk Management Solutions (RMS), a leading provider of third-party risk management technology, has introduced Hawk-I, an AI-driven feature integrated into their CertFocus COI tracking platform. This tool automates the review and tracking of Certificates of Insurance (COIs), a task that has traditionally been manual and prone to errors.

Hawk-I uses advanced artificial intelligence, including natural language processing and machine learning, to extract and analyze insurance details from both structured and unstructured data in ACORD Certificates of Insurance. This enables organizations to assess compliance status instantly, cutting review times from days to seconds.

Why Hawk-I Matters for Insurance Professionals

Managing COIs manually often leads to delays, mistakes, and inconsistent compliance verification. Hawk-I addresses these challenges by automating data extraction and compliance checks, allowing insurance teams to focus on higher-value tasks and risk mitigation.

• Instant COI Data Extraction: Automatically captures policy information accurately, reducing manual data entry and errors.
• Real-Time Compliance Status: Offers immediate insights into whether policies meet requirements, enabling faster resolution of issues.
• Cost Efficiency: Lowers administrative workload and expenses by streamlining labor-intensive processes.
• Enhanced Collaboration: Improves communication among compliance officers, procurement, and vendors through transparent processes.

Beyond COI Tracking

Hawk-I’s AI capabilities extend to interpreting various business documents and compliance records, making it a multipurpose tool for different departments within an organization. The integration with CertFocus ensures that clients benefit from up-to-date technology that supports effective third-party risk management.

About Vertikal RMS

Vertikal RMS specializes in risk management technology solutions focused on Certificate of Insurance tracking and vendor prequalification. The company emphasizes scalable and customizable platforms that help organizations reduce risk and improve operational efficiency.