About Us
An Industry Leader
Kara Vault, Inc. is a leading innovator in Insuretech offering solutions that secure transactional exchange of personal information. Using this technology, Kara Vault, Inc. introduces a system and method for creating coordinated digital collision certificates that protect individuals from sharing personally identifying information when exchanging collision insurance information. As well as personal security, this system enables digitization of the entire claims process from time of collision through adjudication, with a uniquely generated claim number that associates all information necessary to adjudicate a claim. Further, the SCC prevents insurance fraud by only creating a SCC for users with a valid insurance policy. Kara Vault, Smart Collision Certificate and SCC are trademarks of Kara Vault, Inc. Smart Collision Certificate is patent pending.
“Digital has never been more important to modern claims operations,” says Tom Super, head of property and casualty insurance intelligence at J.D. Power. He adds that 84% of customers who filed claims have used digital tools at some point during their claim, putting the industry on notice of the customers’ evolving expectations.
