(Fort Lauderdale, Fla., home of JDi Data. Source: City of Fort Lauderdale.)
JDi Data (Fort Lauderdale, Fla.) has announced the release of CTrax, an automated certificate of insurance tracking solution. Aimed at risk professionals, CTrax reads ACORD forms and digitally converts the information into usable data that can be used for efficient searching, monitoring and alerting users of potential risk, according to the vendor.
“Innovation is a vital part of delivering results in the insurance industry and is part of improving processes and procedures,” comments Ernie Curci, PMO for JDi Data. “This is the commitment that JDi has made to improve the capability of our products and to increase our clients’ efficiency and effectiveness.”
Key features of CTrax include:
Certificate Library: Access to all certificates 24/7. Users can view, search, and export the information eliminating the need for hard copies.
Automatic Renewal Requests: Customized automatic workflows send request for renewals to service providers prior to expiration.
All of the information processed with in CTrax is digitized through JDi’s proprietary software allowing subscribers to use the CTrax system to manage certificates, or import into software, thus saving valuable time and limiting risk exposure, the vendor reports.
Despite CTrax’s recent release, the solution was included in the ACORD Innovation Challenge, held this month in New York. CTrax was selected for its sustainable innovation in the insurance industry, according to JDi Data.