Patra Corporation

Patra Corporation's VP of Product Management, Brett C., joins Peter MacDonald, Jacob Simon, and Carrie Miller for an education session at Accelerate 2025, Powered by NetVU. This panel discussion, “AI That Actually Works: Real Success Stories from Insurance Agents & Tech Founders,” will take an in-depth look at AI tools that are transforming the insurance industry today. We hope to see you in Charlotte and stop by Patra Booth #719 to learn more about our tech-enabled insurance outsourcing services and AI-powered solutions. ➡️https://hubs.la/Q03hGzrS0

Looking for a flexible and dynamic work environment? Join our global remote team at Patra! We don't just offer jobs, we help build careers. Apply on our website today ➡️ https://hubs.ly/Q03gNDwQ0 #workfromhome #remotework #insurance

⚖ The Great #InsuranceOutsourcing Debate: Real Risks or Real Rewards? ⚖ Many insurance leaders remain on the fence about outsourcing. But rising labor costs 📈, heightened client demand for faster service, and the need for #digitaltransformation make it increasingly difficult to justify preferences for in-house operations. For insurance leaders in the middle of debating outsourcing, Patra Corporation's latest blog offers timely advice for everything from service level agreements, communication strategies, performance monitoring, and more. LEARN MORE: https://hubs.la/Q037xsy60

Most #insurance brokers and general health insurance agencies are bogged down by manual employee benefits management processes. 🚨 Successful benefits management starts with two critical processes: case builds and renewals. But a typical case build for a mid-sized employer with multiple plan offerings can consume up to 20 hours of an Account Manager’s time. ⌚ Patra Corporation Director of Product Marketing Steve Forte's latest blog explores how brokerages and general #healthinsurance agency can modernize case build and renewal operations. Discover the latest efficiency strategies to... 👉 Reduce administrative work by 65% 👉 Achieve 90% fewer errors 👉 Find more time to build strategic, proactive client relationships READ NOW: https://hubs.la/Q03fDsT60 #EmployeeBenefits #BenefitAdministration #InsuranceNews #InsurTechNews

Patra Corporation is thrilled to return as a Silver Sponsor and exhibitor at Accelerate 2025, powered by NetVU next month in Charlotte, NC! Connect with our team Brian Smith, Jose R. Ramirez, Brett C., and Lise Blackwood at the conference to learn about how Patra’s AI-powered solutions can help automate complex insurance processes, enhance accuracy, and free your team to focus on growth. Set up a meeting with Patra at the conference to learn more: ➡️https://hubs.la/Q03fFX510 #Accelerate2025 #RacetoAccelerate #AccelerateNow

Patra Corporation's Policy Checking AI full-service solution is an #insuranceindustry first! Leverage automated #policychecking with the benefits of human-in-the-loop oversight: ➕ Patra’s insurance experts manage and oversee the entire policy checking process. ➕Proprietary, patent-pending #ArtificialIntelligence and #MachineLearning allows for intuitive data extraction. ➕Step-by-step standardized workflow that delivers consistent, high-quality output. ➕Automated detailed reviews of form and endorsement schedules across 900+ data points. ➕Easy identification of inaccuracies with color-coded reports for quick review and action. ➕ Safe-guarded operations - Patra assumes E&O risk for every policy checked. This #AI-powered #InsurTech solution is 80% faster than traditional manual processes - schedule a demo now! https://hubs.ly/Q03bXfdq0

NICHE NO LONGER As the #insurance sector continues to navigate a less-than-predictable risk environments, Excess & Surplus (E&S) line coverage is no longer niche. E&S coverage is becoming the new standard choice for businesses and individuals. Here's a few reasons why: 🔵Operating with fewer regulatory limitations, E&S insurers can create custom policies that traditional insurers cannot. 🔵E&S policies are increasingly used to explore coverage for emerging threats such as #cyberrisks, #cannabis businesses, and intellectual property disputes. ⬆️And higher risks come with higher service expectations.⬆️ As policy volumes grow and coverage complexity increases, manual policy checking processes are becoming unsustainable. Patra Corporation Director of Product Marketing Steve Forte's newest article explores how Policy Checking AI is helping forward-thinking #wholesaleinsurance distributors scale #policychecking efficiency and deliver the quality #insurancecarriers, agent partners and #policyholders demand. 👀READ NOW: https://hubs.la/Q03dj5Dg0 #InsuranceIndustryNews #DigitalTransformation #InsurTech #ArtificialIntelligence

📢 Third-party risk is a reality every organization must face—especially those in #insurance. External parties like vendors, suppliers, and contractors often have access to sensitive data and systems, bringing with them potential vulnerabilities. Even with strong cybersecurity measures in place, these third-party relationships can introduce new ways for threats to bypass security protocols. Is your insurance organization protected from #thirdpartyrisk? Here's Patra Corporation's approach to #riskmitigation: 1️⃣ Error & Omission Indemnity Protection: Market-leading liability coverage backs every process, ensuring that all workflows are safeguarded. 2️⃣ Global Centers of Processing Excellence: With centers in geo-politically stable, democratic countries, Patra’s operational resilience is bolstered by annually audited Business Continuity and Disaster Recovery Plans. 3️⃣ #SOC2 Certified: Your data remains protected from unauthorized access and security incidents, meeting high standards for data security and compliance. 🔗 Watch the video below to learn more! https://hubs.la/Q035FCwZ0

⬇️2 new challenges are disrupting Managing General Underwriters & Managing General Agents’ position in the value chain: 💡LIGHTS OUT: Public Data Access Goes Dark 💡 Public data is one component of the #underwriting process, but recent governmental changes have disrupted access to long-standing, reliable data streams. Property & Casualty insurers use public data to: ✔️Predict catastrophic risks (hurricanes, flood zones, wildfire activity) using NOAA: National Oceanic & Atmospheric Administration environmental risk data ✔️Gauge risk with US Department of Justice crime statistics ✔️Ensure accurate #insurancepolicy pricing with USDA climate-related data 🔦 LIGHTS ON: New Regulatory Spotlights 🔦 New Louisiana regulations for #MGAs & #MGUs and their affiliated insurers now align to many aspects of the National Association of Insurance Commissioners (NAIC)'s Model Act. The regulations now include quarterly financial reporting by MGAs and expanded examination rights for regulators. Patra Corporation Director of Product Marketing Steve Forte's latest article offers a deep-dive on how these challenges will disrupt efficiency and compliance – and how #ArtificalIntelligence can help MGAs & MGUs better meet regulatory expectations, enhance business resilience, and position themselves for sustainable growth: https://hubs.la/Q03cBm7w0 #InsuranceIndustryNews #InsurTech #DigitalTransformation

Looking for a flexible and dynamic work environment? Join our global remote team at Patra! We don't just offer jobs, we help build careers. Apply on our website today ➡️ https://hubs.la/Q03cyG0F0 #workfromhome #remotework #insurance