Patra and others form InsurConneXtions Alliance
Patra, AmWINS Group, CRC Group, Heffernan Insurance Brokers, are among the companies that have formed InsurConneXtions Alliance, a strategic alliance that will prioritize, develop, and integrate specific technology solutions into critical insurance processes – for the purposes of driving processing efficiencies and industry standards.
The formation of InsurConneXtions represents leaders across insurance technology, brokerage, wholesale, and specialty insurance, and represent over $50 Billion in Insurance premiums.
The alliance has unanimously selected to begin its collaboration by focusing on technology and efficiency improvements to policy checking. Policy checking is a high volume and comprehensive process that performs a critical validation for accuracy and integrity of policy issuance across carriers, wholesalers, and brokers. Beginning this month, alliance members will work together to drive the evolution of Patra’s industry leading policy checking solution.
These companies form the charter members of InsurConneXtions. In addition to their initial focus on policy checking, they will begin prioritizing the next set of services on which they will collaborate, along with discussions on a potential expansion of the Alliance.