Mindtree provides Premium Audit as a service offering to drive Underwriting efficiency wherein exposures are analysed & revised and pro-rated premium gets generated accordingly.

Underwriters would need a unified solution to have a holistic view of premium adjustments subject to audit requirements in order to evaluate exposures, select and revise exposures for casualty business segments or vehicle counts for commercial Auto lines of business.

This Premium audit transaction service for commercial insurers is offered to revise and manage to rerate the prior set of transaction based on the proposed changes. The service offering is aimed at auditing policies, where we can make sure that the business pays the correct premium. It caters to varied range of processes such as initiating Final Audit transactions and revise the rating procedure based on modifications on composite rating screens and allowing revisions so that the premiums are being ascertained as much that is to be owed. The offering enables underwriters, internal field executives and external audit agencies/stakeholders achieve better collaboration, process / data standardization, visibility and operational efficiency. The offering also caters to options such as reverting the Final Audit through Void Final Audit and also initiate out of sequence Audit via Revise Audit transactions which provides more underwriting control to process the policy premiums and avoid premium discrepancies.