Patra Introduces AI to its All-In-One Policy Checking Service Offering, an Industry First

Patra, a leading technology-enabled service provider to the insurance industry, announced the introduction of PolicyChecking.AI, a tech-enabled policy checking service powered by Patra’s proprietary (patent pending) automation technology including Artificial Intelligence (AI), Machine Learning (ML), and Natural Language Processing (NLP). PolicyChecking.AI’s combination of innovative artificial intelligence, advanced workflows, and trained insurance professionals as ‘human in the loop‘, delivers unsurpassed value and quality for Patra clients.

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Policy checking is a critical activity for insurance agencies to ensure their clients are properly insured, and to help avoid legal exposure should their clients experience a loss without the right insurance coverage in place. Traditionally, agencies performed policy checks manually, comparing 100+ page documents against other 100+ documents, as well as data in agency software applications, using only their eyes as tools. Many agencies have long entrusted this critical activity to Patra, whose workflows and global teams have improved efficiency and quality. However, with the launch of PolicyChecking.AI, Patra has materially advanced this critical process for the insurance industry.

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