Ebix, a provider of digital platforms for insurance, FinTech and healthcare, has expanded its certificate of insurance (COI) management offering with two tools designed to help construction firms assess subcontractor risk beyond insurance compliance.

The additions, Financial Lens and Integration Hub, aim to help contractors evaluate financial stability and connect compliance information with the systems they use to manage projects, procurement and finance.

Financial Lens enables construction firms to assess a subcontractor’s financial position alongside its insurance status. Using technology already deployed by banks and insurers, the tool analyses financial statements, tax returns and other supporting documents to identify potential warning signs.

Users can customise assessment criteria, including ratios, weightings and thresholds for factors such as liquidity, leverage and backlog. The platform also records risk ratings, waivers, overrides and reviewer actions to support consistent, auditable decisions.

Integration Hub connects Ebix COI with existing project management, procurement and finance systems, sharing compliance statuses, documents and alerts about missing requirements. The integration is intended to reduce manual checks and duplicate records while helping contractors manage onboarding and work approvals more efficiently.

The launch addresses a key challenge for general contractors managing multiple subcontractors across projects. Meeting insurance requirements does not necessarily mean a subcontractor is financially stable enough to complete a job, while disconnected systems can make it harder to identify potential problems early.

Ebix said its COI offering supports the ongoing monitoring of coverage against contractual requirements, including identifying gaps and tracking compliance as policies and project needs change.

The company processes more than 10 million insurance documents annually for nearly 400 active clients.

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