For underwriting organizations:
Premium Audit Solutions
When they're in the right hands, premium audits can be more than just a box to check.
The Industry Challenge
Premium Leakage & Misclassification
Insurance carriers lose billions annually due to premium leakage and misclassification—an estimated $4.5 billion in lost premiums from exposure miscalculations alone (Verisk).
Premium Audit Complete helps carriers and MGAs mitigate these risks, ensuring premiums align with actual exposures.
Introducing Premium Audit Complete
Lowry’s Premium Audit and ReSource Pro’s BPM deliver a fully integrated audit solution for carriers and MGAs.
Without a structured, tech-enabled process, carriers face compliance risks, inefficiencies, and premium inaccuracies. Premium Audit Complete solves these challenges by aligning premiums with actual exposures.
Our solution streamlines operations, verifies policy details, updates systems, and enhances communication—reducing premium leakage and strengthening compliance.
Powered by industry-leading audit expertise, business process optimization, and technology.
Download the Premium Audit Complete Use Case
What's Inside the Use Case?
- Reduce Revenue Leakage - Reduce the risk of misclassified exposures and underreported premiums that cost carriers billions annually.
- Stay Ahead of Compliance Risks - Ensure accuracy with 94% Test Audit Accuracy, helping carriers meet regulatory requirements and avoid penalties.
- Cut Through Operational Bottlenecks - Streamline audits and eliminate processing delays with built-in QA and seamless carrier system integration.
- Scale Without the Overhead - Expand audit capabilities without adding internal burden, leveraging flexible, tech-enabled workflows.
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Reduce your premium leakage today
80%+
accuracy rate
All 50 states
covered by virtual, phone, & voluntary audits
7.9%
non-productive audit rate