Patra service explainer, loss runs
Loss runs empower insurance organizations with a better understanding of performance, while also identifying ways to reduce claims, yet generating these reports is not always a priority. Despite the impact delayed reporting can impose on customer relationships, (upbeat music) Patra’s process executives will reach out to your carrier partners on your behalf to request the loss runs, so they will already be available to you in your management system when you go to market. Using either an expiration list, renewal list or even by one-off requests, Patra can pull this data easily and efficiently.
By leveraging Patra to manage your loss run reporting, you’ll receive a list of claims back to you that allow you to continue the remarketing process and open communication with your customer, all while managing and mitigating risk. Your journey into the future of insurance starts now. (upbeat music fades)
Patra’s Process Executives will reach out to your carrier partners on your behalf to request the Loss Runs, so they will already be available to you in your management system when you go to market.
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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.