The expansion will offer Patra’s full suite of tech-enabled insurance outsourcing and AI-enabled technology.
EL DORADO HILLS, Calif.–(BUSINESS WIRE)–Patra, a leading provider of technology-enabled insurance outsourcing services, is delighted to announce its expansion into the Canadian market. This move provides Canadian insurance organizations access to Patra’s industry-leading services to reduce administrative overhead and improve the customer experience through AI (Artificial Intelligence) and the digitization of workflows and tasks across all policy and administration support aspects. The expansion into Canada marks a significant step in Patra’s global expansion plans to offer comprehensive and unique insurance service offerings to the Canadian market.
The Canadian market continues to see explosive demand for Patra’s insurance outsourcing help across P&C (Property & Casualty), EB (Employee Benefits), and Commercial Lines of Business. With difficulties in recruiting insurance talent reaching an all-time high and the need to leverage insurance-specific AI solutions like Patra’s PolicyChecking.AI, Patra is providing operational coverage to organizations while applying best-in-breed operations practices.
“Canada is a natural market expansion for Patra with an initial set of customers already established. It underpins our long-term expansion and presents a prime market that aligns with our continued growth strategy,” said Patra’s Chief Revenue Officer, Bob Murphy, “We are dedicated to equipping Canadian insurance organizations with the necessary services and technology to make informed decisions and navigate the complexities of the insurance market with confidence.”
Leading Patra’s Canadian initial expansion is Toronto-based enterprise sales manager Sharon Bajwa. Sharon brings decades of Canadian insurance experience to market, most recently with Trufla Technology, Apollo Insurance, and First Insurance Funding of Canada.
Patra is a leading provider of technology-enabled insurance outsourcing. 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 6,000 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.
For more information on Patra’s suite of Insurance Policy Lifecycle and Administrative services, visit www.patracorp.com.