Streamline Premium Audits with CHRIS

 

CHRIS supplements premium audit workflows to identify missing information, enable document validation, and boost regulatory compliance.

The Hidden Costs of Traditional Auditing Processes

Traditional premium audits are resource-intensive, prone to errors, and often hinder operational efficiency. Misclassification and compliance gaps can lead to significant financial and operational setbacks. 

Meet CHRIS – Your Trusted Partner for Premium Audit Excellence

Conducts real-time audit tasks with AI-driven precision, reducing errors and omissions.

Adapts and learns continuously, improving audit accuracy with each interaction.

Ensures full compliance by dynamically incorporating regulatory updates.

Integrates into your existing processes and manages premium audit workloads.

Unleash the Power of AI in Premium Audit Tasks

Cognitive Insights

Leverages advanced machine learning to interpret complex policy data.

Predictive Analysis

Identifies potential discrepancies before they impact your bottom line.

Adaptive Learning

Continuously refines audit accuracy through every interaction.

Real-time Collaboration

Streamlines communication between auditors and policyholders.

CHRIS in Action – Transforming Premium Audit Outcomes

Optimize high-volume workflows and expand audit capacity

Enhance accuracy with tailored risk assessment

Ensure consistent regulatory compliance for multi-state audits

 

Industry Viewpoints

“AI-driven premium audits can reduce audit cycle times by 40% and improve accuracy by 35% for commercial insurers by 2026.”

Gartner

Industry Viewpoints

“Implementing AI in premium audits can lead to a 25% reduction in operational costs and a 20% increase in premium accuracy.”

McKinsey & Company

FAQs

Your Questions, Answered.
How does CHRIS ensure compliance with regulations?

CHRIS automates the review of complex documents like tax reports, payroll records, and subcontract ledgers, minimizing human errors and improving classification accuracy for precise premium calculations.

How does CHRIS stay updated with changing regulations?

CHRIS employs natural language processing to continuously scan and interpret regulatory updates, ensuring real-time compliance across jurisdictions.

What level of human oversight is required when using CHRIS?

CHRIS is designed to augment human expertise. While it automates many audit processes, auditors review its findings and make final decisions.

How does CHRIS integrate with existing systems?

CHRIS offers flexible API integration, seamlessly connecting with diverse platforms and core insurance software suites.

Can CHRIS handle audits across multiple lines of business?

Yes, CHRIS is highly versatile and can be customized to manage audits for various commercial insurance lines, including workers’ compensation, general liability, and auto.

How does CHRIS improve cost efficiency and scalability?

By automating repetitive tasks and handling exponential audit volumes during peak periods, CHRIS significantly reduces operational costs and addresses scalability challenges.

Begin Your Premium Audit Transformation 

Discover how CHRIS can elevate your organization’s premium audit
efficiency, accuracy, and compliance.