ARK is excited to announce a strategic collaboration with Paladin Risk Management, an expert user of the ARK platform. This collaboration offers ARK clients an optional third-party oversight for those who cannot or prefer not to manage our platform themselves.
This collaboration aims to be inclusive, promoting flexibility and accessibility for all our clients. This approach reflects our ongoing commitment to support the entire industry with both advanced technology and expert guidance.
ARK, an Insurtech platform, specializes in integrating cutting-edge technologies into the insurance compliance arena. It caters to brokers, risk managers, wholesalers, carriers, policyholders, and third-party administrators by designing insurance review solutions tailored to their needs.
Paladin Risk Management is a highly regarded third-party insurance compliance administrator known for its comprehensive and expert management of Certificates of Insurance and insurance policy reviews.
WHAT THIS MEANS FOR ARK?
A new avenue for clients. The collaboration between ARK and Paladin Risk Management provides a fully outsourced insurance review service for clients who:
- are keen to use the ARK platform but lack the internal staff to manage it
- wish to leverage the latest advancements in AI technology to enhance their risk management processes, even when their current third-party insurance review provider may not yet offer the ARK-level technology
- are dissatisfied with their current third-party insurance provider and seek an alternative
WHAT THIS MEANS FOR PALADIN?
By adopting ARK’s technology, Paladin positions itself at the vanguard of tech-forward companies driving the insurance industry forward. They can now offer a new, unparalleled service to those requiring exhaustive compliance support. Clients will benefit from accelerated compliance timelines and significantly reduced backlogs.
This collaboration is a milestone in insurance compliance and risk management processes, poised to reshape the traditional approach to certificate and policy review processes.
HOW WOULD IT WORK?
In upcoming demonstrations, ARK will showcase Paladin as a trusted option for the target clientele of this new solution. When ARK clients choose this comprehensive service, the ARK platform aims to handle up to 80% of an insurance administrator’s workload, while Paladin’s experienced team manages the remainder and provides day-to-day oversight.
The selection of an oversight provider is a crucial decision that we respect and enable our clients to make, whether they are insured, carriers, wholesalers, or brokers
ARK LICENSING
ARK remains dedicated to licensing its platform to a broad spectrum of industry stakeholders, including insureds, carriers, brokers, agencies, wholesalers, and third- party administrators.
Contact us if you are interested in licensing. Additionally, continue to follow us on LinkedIn or join our mailing list for announcements of future collaborations.
JOIN US AT RISKWORLD 2024
At RIMS RISKWORLD 2024, stop by the ARK or Paladin booths #2425 / #2427 to experience firsthand the capabilities of the ARK platform. ARK is prepared to demonstrate how it can revamp your compliance procedures with in-depth and accurate reviews, prompt feedback to vendors, and significant workload relief for compliance administrators—all within a more budget-friendly package than similar offerings.
Try your hand at the ARK/Paladin putting green for a chance to enter a raffle and win prizes!
Join ARK for @TheHardMarket giveaways open to all who participate in our demos.
Click Here To Book a Demo at Riskworld2024!
ABOUT ARK
ARK’s technology leads the way in insurance compliance, enhancing the process of certificate review and policy analysis with the latest innovations in technology.
ARK Users Benefit From:
- Custom-generated sample certificates for vendors, produced quickly
- Automatic identification of non-compliant items on certificates
- Swift policy analysis, with feedback provided within minutes
- Consistently comprehensive reviews
- Increased accuracy in reviews
- Prompt feedback to vendors—sometimes as quickly as 15 seconds to 3 minutes after document submission
- Significant reductions in workload for compliance staff
- A competitive and cost-efficient market alternative
ARK’s Tangible Impact:
- Compliance Time: Reduced by up to 65%
- Administrator Effort: Cut by up to 80%
- Compliance Feedback Turnaround—As rapid as 15 seconds to 3 minutes
If you’re interested in learning more, book a demo by clicking the link below:
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