‼️ NEW #INSURTECH AI ANNOUCEMENT Press Release Here >> https://lnkd.in/gpUQGiZc Patra Corporation pleased to announce #PatraAI. This new #AI powered suite of services will drive #digitaltransformation in #insurancedistribution operations. Patra's new suite leverages 20 years of data accumulated from processing tens of millions of transactions for top #insuranceagents, brokers, MGAs, and wholesalers. The Patra AI suite includes: ✔️ Policy Checking AI: Automates the tedious #policychecking process while reducing errors and omissions exposure, ensuring the accuracy and quality of bound policies. 🔍 Quote Compare AI: Extracts, analyzes, and compares insurance quotes from multiple carriers, transforming complex quote documents into clear, side-by-side comparisons to foster informed decision-making. 📖 Policy Data Extract AI: Extracts #insurancepolicy document data to provide quality assurance through human oversight of AI, and deliver data in formats ready for analysis. 🔗Get the full story and special commentary from Patra founder and CEO John Simpson in the press release - link in comments below.
Patra Corporation
Insurance
El Dorado Hills, California 21,912 followers
Patra is a leading provider of technology-enabled insurance outsourcing services and AI-powered software solutions.
About us
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. Patra AI delivers a suite of advanced AI-powered solutions to automate complex insurance processes, enhance accuracy, and free your team to focus on growth. Experience the power of intelligent automation designed specifically for insurance distributors.
- Website
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http://www.patracorp.com
External link for Patra Corporation
- Industry
- Insurance
- Company size
- 5,001-10,000 employees
- Headquarters
- El Dorado Hills, California
- Type
- Privately Held
- Founded
- 2005
- Specialties
- Insurance Outsourcing Services, Insurance Staffing, Back-office Production, Insurance Production, Insurance BPO, Insurance Technology, Policy Checking, Certificates of Insurance, and AI-powered Services
Locations
Employees at Patra Corporation
Updates
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🎉 New Year, New Opportunities! 🎉 Step into 2025 with a career at Patra, the leading technology-enabled insurance outsourcing solution provider. 🔍 Explore roles across our global team and join us in powering insurance processes with innovation and expertise. 👉 Apply today at https://hubs.la/Q0303-dM0. #PatraCareers #NowHiring #InsuranceInnovation
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As featured in The CEO Views: Patra has long worked toward revitalizing operational efficiency and optimizing workflows for insurance organizations by delivering outsourcing services powered by automation and AI. Supercharging insurance organizations with AI technology https://hubs.la/Q02-4w-H0
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⬇️Talent shortages 💡New Insurtech innovations 🤔Changing #policyholder expectations (think Gen-Z and Millennials) 🌍Geopolitical uncertainties 📈Social inflation 🌀Hurricanes It's safe to say 2024 was another year of disruption for the Property & Casualty insurance sector. #Retailinsuranceagencies and #brokers are primary distribution channel for P&C insurance products. Amid increased commoditization, competition, and inefficient operational models, Patra Corporation's Director of Product Marketing Steve Forte outlines 5 key opportunities for retail agencies leverage #ArtificialIntelligence and drive success in 2025. Give it a read: https://hubs.la/Q0306cBC0
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We are proud to be named Outsourcing Company of the Year 2024 by Insurance CIO Outlook magazine.
Patra Corporation has been recognized as the Technology-Enabled Insurance Outsourcing Company Of The Year by Insurance Business Review. Patra is a leading provider of AI-driven solutions for the insurance industry, offering automation and advanced technology to streamline processes like policy checking and document management. With expertise in AI, RPA and customer-centric models, Patra enhances efficiency while empowering employees and clients with tailored solutions. "Our AI elevates human potential rather than replacing it. Our team uses these tools to manage diverse client needs on their behalf," says Tony Li, CTO. The article will also be featured in the forthcoming special print edition of Technology-Enabled Insurance 2024. Read More: https://lnkd.in/gZjjX2jT #InsuranceInnovation #AIAutomation #PatraAI #PolicyChecking #InsurTech #DocumentAutomation #MachineLearning #InsuranceEfficiency #TechInInsurance #HumanAICollaboration
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Patra has partnered with The Council of Insurance Agents & Brokers for many years to bring CIAB members the best tech-enabled outsourcing services, providing insurance processing, innovative technology, and teams of global experts to retail agencies, wholesalers, MGAs, and carriers nationwide. Thank you for a successful year in partnership with CIAB, and we look forward to seeing you at an event in 2025!
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Patra Corporation was named Insurance Outsourcing Company of the Year 2024 by Insurance CIO Outlook. Read the entire article here: https://lnkd.in/gYGJiX6c “Our AI elevates human potential rather than replacing it. Our team uses these tools to manage diverse client needs on their behalf,” says Tony Li, CTO, explaining Patra’s commitment to balancing AI-driven efficiency with skilled human oversight. Brett C. Will D. Steve Forte Tammy Salvo Sharon H Kern #insurancetechnology #AI #insurancenews #innovation #insurtech #insuranceagent
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As featured in The CEO Views: Patra has long worked toward revitalizing operational efficiency and optimizing workflows for insurance organizations by delivering outsourcing services powered by automation and AI. Supercharging insurance organizations with AI technology https://hubs.la/Q02-4sBM0
Supercharging insurance organizations with AI technology
https://www.patracorp.com
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Patra Corporation is excited to join as Supporting Sponsor of the InsurTech Florida launch event tomorrow. Connect with our team, JP Wiley CIOP, LSSBB and Jackie Cermola, network with insurance professionals, and discuss resources, trends, and innovation in the InsurTech sector. See you in Tampa! #InsurTechFlorida #insuranceinnovation
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📰 BIG #mergerandaquisition news this morning! Gallagher (#NYSE: AJG) just snapped up AssuredPartners from GTCR LLC in an all-cash $13.45 billion. The deal is the largest sale of a U.S. #insurancebroker to a strategic acquiror in the history of the industry. Time will tell if this new deal will trigger more consolidation among mid-size brokers. Independent agencies may face increased pressure to sell or merge to remain competitive. Technology and #operationalefficiency will be table stakes for independent agencies to compete with mega-brokers in #2025. Read more at link below. https://lnkd.in/g8sm_5s6
GTCR Announces Sale of AssuredPartners to Arthur J. Gallagher & Co. for $13.45 Billion
prnewswire.com