patra-corp-case-study

Patra Corp

Industry

Insurtech

Project Type

Web Application

Technologies

About the Client

Patra Corporation is a US-based company, initially founded to enable insurance brokers to issue certificates faster and more efficiently. With time, it has expanded to serve retail agencies (including commercial lines, personal lines, and employee benefits), MGAs, wholesalers, and carriers, with more than 160 distinct services.

The company powers insurance processing by leveraging people & technology, supporting insurance organizations as they sell, and delivering & managing policies and customers.

In addition to process automation and account management services, Patra is a leader in applying technology to insurance applications.

Business Requirements

The company was looking for a development partner to integrate its platform with some of the top insurance providers in the USA (BTIS, USLI, HISCOX, Liberty) and provide the best insurance premium quotes to their end users.

patra-corp

Our Solution

After finalizing the project scope, we had extensive discussions with the integration teams of different insurance companies to understand their APIs, data formats, authorization processes, and underwriting questions to be asked by the customers. ­­­

Using this information, we developed the following solution:

Impact

Integration of insurance companies' APIs enabled Patra to attract customers to its platform, opening up a new revenue stream for Patra in the form of insurance sales leads.

The customers gained freedom from hopping from one insurance company site to another, seeking the best quote for their insurance needs. Furthermore, our client got the integration done without incurring the huge cost of in-house development.

For us, one more happy client was added to the list with repeat business.

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