Addressing Inefficiencies with AI

Scratching the surface.

Checking policy data is just the tip of the iceberg in artificial-intelligence-powered policy administration.

Patra, a provider of tech-enabled services for the insurance industry, recently cemented a new partnership that will give its clients access to AI-powered policy checking. To deliver these capabilities, Patra tapped, a specialist in AI-based natural language understanding and natural language processing.

“Advanced analytics enables insurers to adjust their business to reduce risk,” explains Jane Rheem, Patra’s chief data and analytics officer.

IBA article Addressing AI Inefficiencies, 2021

Launch From Original Source

About Patra

Patra is a leading provider of technology-enabled insurance outsourcing. Patra powers insurance processes by optimizing the application of people and technology, supporting insurance organizations as they sell, deliver, and manage policies and customers through our PatraOne platform. Patra’s global team of over 6,000 process executives in geopolitically stable and democratic countries that protect data allows agencies, MGAs, wholesalers, and carriers to capture the Patra Advantage – profitable growth and organizational value.