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Patriot National’s PN BidExpert™ Reaches Milestone of One Hundred Loss Control Engineers

Since its launch in April, the insurance industry’s first and largest competitive risk management online marketplace is gaining rapid adoption

Company Release – 9/20/2016 5:21 PM ET

FORT LAUDERDALE, Fla., Sept. 20, 2016 /PRNewswire/ — Patriot Risk Consultants (“PRC”), a subsidiary of Patriot National, Inc. (NYSE: PN), today announced that the insurance industry’s first and largest competitive risk management online marketplace, PN BidExpert™, has more than one hundred technically qualified independent loss control engineers available on the platform.

PN BidExpert seamlessly engages, matches and connects underwriters, risk managers and brokers with a large marketplace of certified and prescreened loss control engineers. The PN BidExpert platform offers participants complete transparency and control through an easy-to-use dashboard. Underwriters, risk managers or brokers submit standardized or customized loss control survey requests to the online platform where a sophisticated algorithm matches jobs with available independent loss control engineers.

All loss control engineers on the PN BidExpert platform meet stringent technical qualifications and are thoroughly prescreened through a seven-year background check. PRC offers real time support and reviews the loss control report for quality assurance. Service quality is rewarded through a five-star rating system completed by all participants.

“Since the launch of PN BidExpert in April, we are pleased to have more than one hundred independent loss control engineers and three major carrier partners using our platform,” said Steve M. Mariano, Chief Executive Officer of Patriot National. “PN BidExpert is a clear example of our success launching groundbreaking products that solve problems and improve processes for our insurance-industry clients.”

Underwriters, risk managers or brokers interested in scheduling a demo should contact our PN BidExpert National Practice Leader, Armand Fernandez at [email protected].

About Patriot National

Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, self-funded health plans and employment pre-screening services to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida. For more information about Patriot National, please visit www.patnat.com.

Forward Looking Statements

This press release may include statements that may be deemed to be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “Guidance,” and similar expressions are used to identify these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements. For example, our solutions may not perform as anticipated, as well as those matters contained in our filings with the Securities and Exchange Commission. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance or events and that results may differ materially from statements made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we may make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments.

Media and Investor Contacts:
Cindy Campbell
Director of Investor Relations
Patriot National, Inc.
(954) 670-2907
[email protected]

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SOURCE Patriot National, Inc.