Insurance policy checking automation through advanced technology
Featuring Patra’s proprietary, patent-pending technology which combines advanced Artificial Intelligence (AI) capabilities with intuitive workflows and comprehensive policy checklists, Patra’s Policy Checking AI sets a new bar for checking policies with unsurpassed quality, accuracy and efficiency.
Policy Checking AI advanced automation
Patent-pending technology
Intuitive data extraction via patent-pending AI/ML technology
Standardized workflow
Step-by-step workflow delivers consistent, high-quality output
Comprehensive policy review
Detailed review of policy header, coverage and limits, exposures and form schedules
Discrepancy report & summary
Color-coded report for easy review, research and reporting
Calculate what Policy Checking AI can do for you!
Launch the online calculator to see your policy checking potential – reduced processing times, eliminated backlogs, improved accuracy, and so much more!
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With Policy Checking AI, you have choices!
Our patented process prioritizes accuracy and completeness while reducing rework and review time for agencies. Leveraging Patra’s 900+ point checklist, discrepancies are quickly identified and shared via a color-coded, error report summary for account managers to easily scan and assess.
Full-service solution (We Check)
Patra pushes the limits of today’s insurance technology offerings by combining our industry-leading, tech-enabled Policy Checking AI solution with a dedicated team of processing executives assigned to your business.
Your Patra team leverages its Policy Checking AI technology to manage every aspect of the process for you. They retrieve policy documents, meticulously compare results against your AMS, and even update your AMS and deliver the verified policy on your behalf. To further safeguard your operations, Patra also assumes the E&O risk associated with checking these policies.
Self-service solution (You Check)
For agencies that prefer to handle this work internally, teams can now leverage the power of Policy Checking AI in-house. Patra’s new self-service version of Policy Checking AI has revolutionized the practice of checking policies, providing the most sophisticated AI-based automation available on the market, enabling in-house teams to check policies with unparalleled speed and accuracy.
By integrating advanced AI technology with an intuitive and user-friendly workflow, Patra’s self-service solution excels at extracting, comparing, and highlighting inaccuracies and discrepancies between multiple versions of a policy.
Step-by-step automated processing
Compare Patra's insurance policy checking solutions
Understanding the complexities and unique needs of each agency and each policy, Patra provides two service options for its advanced solution:
- A full-service solution wherein our insurance experts serve as humans-in-the loop to manage and oversee the entire process, or
- A self-service solution to check policies in-house with greater speed and accuracy.
Patra develops solutions that are both flexible and scalable, ensuring that we can tailor our services to meet your specific requirements. If you find that our Policy Checking AI technology or self-service version does not fully address your policy checking needs, please reach out to us. We offer a range of other solutions, including traditional manual policy checking performed by our experienced team, or a hybrid approach that combines the best aspects of manual, automated and/or self-service processing. No matter your preference, Patra is committed to providing a solution that optimizes accuracy, efficiency, and reliability for your agency.
This solution has been so easy to use. I was quickly able to setup a few clients and complete a policy check in under 10 minutes."
Form comparison is going to be a huge win for our agency and will create massive efficiency gains for our teams."
We’re able to immediately cut our policy checking effort in half for simple policies, and on larger policies this will reduce our manual effort by 80-90%."
Form description and comparison review is a total game changer."
Our team can be skeptical of new technology, but after seeing other team members leveraging the solution they couldn’t wait to get their hands on it."
We’re easily able to check policies in just a few minutes; compared to manual policy checking, this is so efficient."
We finally have technology available for our policy checking teams!"
Frequently asked questions
Any PDF document. Examples include policies, quotes, binders, applications, and proposals.
Patra has purpose-built, insurance-specific AI capabilities to extract and compare insurance data from unstructured sources. This goes far beyond “AI-based chatbots”, no prompts required… Contact us to learn more about how Policy Checking AI can assist with your policy checking needs!
No. We have found that our approach scales across thousands of document variances regardless of carriers/lines of business. RPA (“bots”) cannot scale to solve for data extraction in complex insurance documents.
Policy Checking AI is purpose-built for commercial lines insurance, covering over 90% of commercial lines carriers.
Contact us to learn more.
Ready to experience the Policy Checking AI advantage?
Let's get moving! Contact us today to learn more about Patra's state of the art solution for checking policies.
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