Patra Announces Technology Partnerships and Continued Technology Advancement

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New PatraOne Platform capabilities push innovation and supply processing efficiencies.

EL DORADO HILLS, Calif., April 7, 2022 /PRNewswire/ — Patra, a top technology products and services supplier to the insurance industry, introduced a new partnership with Vertafore by becoming a member of the Vertafore Orange Husband or wife Plan. This software permits trusted field partners to combine specifically with Vertafore products for improved operation and performance. Patra is also announcing that they have submitted a patent for proprietary designed AI utilized in just their Plan Examining service. This provider is one of many products and services managed within Patra’s PatraOne technological innovation system that streamlines and enhances the processes for Brokers, MGAs, Wholesalers, and Carriers.

Patra is a leading provider of technology-enabled services to the insurance industry (PRNewsfoto/expert.ai,Patra Corporation)

Patra is a top company of technological know-how-enabled solutions to the insurance policies industry (PRNewsfoto/expert.ai,Patra Corporation)

Patra has demonstrated their means to use expertise to produce innovative insurance policy solutions

By signing up for Vertafore’s Orange Husband or wife Application, Patra will give special abilities to its clients who use specified Vertafore agency administration remedies. Patra will leverage this partnership to add authentic-time coverage verification and checking to its CertVault platform. Issuing around four million certificates of insurance coverage (COIs) on a yearly basis on behalf of its broker and company clients, CertVault by Patra allows digital shipping and delivery of these COIs to certificate holders. Nowadays, certification holders deficiency a speedy and very simple technique of knowing irrespective of whether the coverage on a certification is continue to valid. With certification monitoring, CertVault displays the standing of the coverages on a certificate and will routinely notify certificate holders if this coverage lapses or is canceled, decreasing the threat publicity for holders and insureds.

USI Insurance policies Products and services is rolling out CertVault nationwide and will offer CertVault with real-time entry to the status of their policies, which will then help certification checking for their issued certificates. “Partnering with Patra and combining technologies within advanced companies will assistance all get-togethers in just the insurance policies ecosystem,” claimed Stew Gibson, Senior Vice President and Chief Information and facts Officer of USI Coverage Products and services. “Patra has clearly demonstrated their means to apply its substantial resources and abilities to build ground breaking insurance solutions to our field, and CertVault is just the beginning of our merged efforts.”

The newest patent filing for Patra’s Plan Checking services, applied by hundreds of insurance coverage companies throughout the United States and Canada, is a key progression in Patra’s technological know-how-enabled providers innovations constructed on the PatraOne System. PatraOne, a proprietary technology platform, powers all companies Patra provides to Broker Brokers, MGAs, Carriers, and Wholesalers. With abilities throughout device understanding, synthetic intelligence, workflow and process automation, Patra offers charge-efficient solutions.

“Whilst the insurance policy marketplace has ongoing to generate know-how innovation, digitization, and transformation of operation workflows and jobs, our PatraOne Platform is the basis for how we give expert services,” explained John Simpson, CEO and Founder of Patra. “The new capabilities in the PatraOne platform produce improved consumer satisfaction and enable streamline operations. We support our buyers supply fantastic buyer practical experience whilst reducing the connected risks of manual workflows. Our tech-enabled solutions underscore our commitment to constant innovation by serving to insurance coverage leaders navigate present-day enterprise surroundings and have the mounting expenses we are all feeling now.”

About Patra

Patra is a top company of technologies-enabled services to the insurance policies field. Patra powers insurance processes by optimizing the software of men and women and technological innovation, supporting insurance policy organizations as they sell, provide, and manage guidelines and shoppers by way of our PatraOne platform. Patra’s international staff of procedure executives in geo-politically secure and democratic nations around the world that shield facts, makes it possible for businesses, MGAs, wholesalers, and carriers to capture the Patra Benefit – worthwhile advancement and organizational price. Patra is also a founding member of the InsurConneXtions Alliance, representing leaders throughout insurance coverage know-how, brokerage, wholesale, and specialty coverage, representing in excess of $50 Billion in Insurance premiums. For far more details, go to patracorp.com or stick to us @Patracorp on Twitter and LinkedIn.

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Source Patra Corporation



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