Eliminate policy backlogs

Advanced technologies for workflow automation.

As an industry that depends heavily on the exchange of unstructured documents for quoting, binding, servicing, renewal, and back-office transactions, insurance is uniquely suited to the application of advanced automation technologies like artificial intelligence (A.I.), machine learning (M.L.), and Natural Language Processing (N.L.P.).

Patra’s position working with most of the industry’s largest players, combined with our large and skilled R&D team, leaves us uniquely positioned to realize the industry’s potential with techniques like A.I., M.L., and N.L.P.

Experience the benefits of policy checking automation

PolicyChecking.AI automatically extracts and structures key policy data from unstructured policy documents, and compares the results between different versions of the policy – and with the data in your systems.

Comprehensive policy review

Leveraging Patra’s 900+ point policy checklist, discrepancies are quickly identified and shared via a color-coded report for account managers to easily scan and assess.

Data accuracy

Your dedicated Patra team updates the information in your management system, ensuring every aspect of each policy is current and accurate.

E&O coverage

As an additional layer, Patra’s work is protected by its own E&O insurance.

Minimize the risk of policy discrepancies that can lead to serious E&O claims.

Patra’s developed a detailed policy checking process that is easy to implement and execute. We utilize a comprehensive checklist, allowing us to quickly reference applicable documents and note discrepancies. Our policy checking team can review annual renewals and automated policies, aiming to ensure that the policy accurately represents the coverages, limitations, exclusions and conditions that were intended and agreed to by both parties.