Automating Premium Audits for Efficiency
Insurity Premium Audit offers a comprehensive solution to automate the entire insurance premium audit process, allowing insurance companies to uncover missing premiums efficiently. By eliminating time-consuming manual audit processes, the platform enables organizations to collect millions in additional premiums without the need to hire additional auditors. Leveraging cloud-native and configurable software, Insurity Premium Audit streamlines audits from creation and assignment to the submission of final reports.
Key Features for Enhanced Premium Audits
The platform provides smart configuration capabilities, allowing users to easily configure workflows, rules, questions, and audit content without IT dependency. Auditors can benefit from field applications that empower them to complete detailed premium audits quickly using intuitive tools. Additionally, AI-powered analytics automatically flag opportunities to optimize premiums based on insights derived from over 25 million audits. Seamless integration with policy, underwriting, and claims workflows ensures data continuity across systems.
Benefits of Insurity Premium Audit
Insurity Premium Audit helps insurance companies uncover additional premiums by automating audit order placements based on premium leakage calculations, class codes, and claims data. The platform streamlines audit processes with embedded AI and machine learning technologies, automating workflows and facilitating real-time audit tracking. By boosting audit volume without adding auditors, organizations can enhance operational efficiency and reduce administrative burdens associated with audits.
Enhanced Customer Experience
Insurity Premium Audit also focuses on delivering a superior audit experience for policyholders. The platform enables self-scheduling through an online portal and offers convenient email and text communications to keep policyholders informed throughout the audit process. Testimonials from users highlight significant improvements in turnaround times and operational efficiencies since implementing Insurity Premium Audit.
Recognition and Success Stories
Insurity's premium audit solution has been recognized by Aite-Novarica Group for its next-generation functionalities, which help reduce misclassifications with an impressive 87% accuracy rate. Leading insurance companies like Amerisure Mutual Insurance Company have championed innovation through Insurity Premium Audit, leveraging the platform for over 15 years to automate and streamline premium audit processes successfully.