Patra AI: Transforming Insurance with Intelligent AI Solutions
Transformative AI Solutions:
Improved Efficiency and Growth:
Competitive Advantage in Insurance:
In today’s insurance market, success depends on efficiently managing complex documents while maintaining accuracy and growth. What if you could transform these challenges into competitive advantages?
Introducing Patra AI, a comprehensive suite of AI powered solutions that bring accuracy and automation to policy checking, policy data extraction, and quote comparisons.
Combining two decades of insurance expertise with advanced artificial intelligence, these purpose built services transform document intensive processes into strategic advantages. Patra AI services deliver unprecedented efficiency and growth, including 75% reduction in processing times, 30% increase in close ratios, 40% growth in submission volumes, scalable operations without adding staff, and enhanced client service capabilities.
Join leading retail agencies and brokers, wholesalers, and MGAs, MGUs already transforming their operations with Patra AI. Experience the power of Patra AI today.
Discover the transformative potential of Patra AI’s suite of cutting-edge insurance ai solutions. As a leader in technology-driven insurance solutions, Patra has introduced an AI-powered suite designed to revolutionize the way insurance organizations operate. Facing industry challenges like manual workflows and data trapped in unstructured documents? Patra AI offers the perfect solution, automating complex processes such as data extraction, policy checking, and quote comparisons to boost operational efficiencies by up to 300%.
Policy Checking AI by Patra, has been a substantial success for our clients. For starters, Patra’s policy checking solution maintains a 99.5% accuracy rate. And, by implementing the Patra self-service solution, our clients have experienced an 80% increase in their processing efficiency.
With Patra’s Policy Data Extract AI, we have been able to reduce manual data extraction validation by 85% for its customers. The additional reduction in manual data entry time of 70%, combined with an accuracy rate of 99%, has allowed out clients to gain a 25% improvement in renewals and an increase in cross-sell of 40%.
Through innovative insurance technology, Patra’s Quote Compare AI solution has provided its clients with a monumental 87% reduction in the manual quote comparison time, while maintaining a 99% accuracy rate. Additionally, this reduced our clients’ manual hours for quote comparisons by an average of 12 per week. These metrics have led to significant submission volume growth of 40%, with an 30% increase in close ratios.
Harnessing twenty years of best practices and vast insurance experience, Patra’s insurance ai solutions deliver unparalleled accuracy and efficiency, ensuring your data remains secure and precise. With benefits like a 92% faster client response time and the ability to service up to 25 additional clients monthly, Patra AI not only streamlines operations but also drives growth and amplifies client service capabilities.
Join leading industry leaders who have already significantly increased capacity and efficiency through ai innovation, paving the way for more strategic client interactions and higher close ratios without expanding their workforce. Whether you are a retail agency, broker, MGA, or wholesaler, Patra AI empowers you to transform challenges into competitive advantages. Witness the future of AI in insurance with Patra AI and elevate your operations to new heights.
About Patra
Patra is a leading provider of technology-enabled insurance outsourcing services and AI-powered software solutions. 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 6,500 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.