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Insurance Services for Carriers

Insurance Services for Carriers

Cut-throat competition, reduced customer loyalty, and stringent regulatory policies have put insurance carriers under extreme pressure. Besides, they face numerous challenges on a daily basis, which include frequent regulatory changes, product commoditization, lack of growth, dwindling margins and price sensitivity.

Is your enterprise also facing similar issues? Do you want to get ahead of the stiff competition and cope up with the strict regulatory practices involved in the insurance business? If yes, then what you need is a proficient insurance process outsourcing partner. Opting for specialized services for insurance carriers will enable your enterprise to increase the operational efficiency, reduce costs and invest time in value-generating business functions.

Services We Offer

Aimed to help our clients streamline their businesses better, at Outsource2india, we offer customized services that precisely cater to the varying business requirements of the insurance carriers. We understand that every licensed insurance carrier will have a specific set of requirements based on their operational objectives or present circumstances. As our valuable customers, you can avail flexible services that are tailor-made to your unique business requirements, at an extremely affordable cost. Having stringent quality measures and highly efficient staff, we will streamline and improve the overall efficiency of your processes, thereby taking the pressure away from you your employees.

Some of the major services we offer for insurance carriers include -

  • Loss Run Reports Processing

    The history of a claim made on a commercial insurance carrier is referred to as a loss run report. Reports like this are prized tools for an insurance service provider. However, loss run processing requires countless hours, not to mention the complications involved. Our expert team can help you send accurate loss run requests to various other insurers, thoroughly evaluate them, prepare a claims report, and even dispatch it to the underwriters. In this way, we make the process seamless, fast and accurate.

  • Claims Processing

    Insurance carriers should settle claims promptly and correctly, otherwise the process can become complicated and expensive. At Outsource2india, we can handle all your claims efficiently. Right from getting the first response units for claims, and carrying out a detailed investigation to getting rid of fraudulent claims and proactively managing customer data, you can count on us for hands-on efficient management of your insurance claims. Our team can make sure that each claim is covered under a policy by thoroughly verifying each damage and liability.

  • Maintenance, Servicing, and Administration of Policies

    We follow a unique approach when it comes to the administration and servicing of policies and help our clients in offering world-class services to their customers. Our team will receive adjustment requests on your behalf, evaluate the change requests (to find out estimate its impact on a premium), update these details in the policy and even also issue out new insurance certificates, if required when the need arises.

  • Setting up a New Business

    Are you on the verge of setting up a new insurance business? Our team of expert insurance professionals can assist you in setting up your business operations quickly, seamlessly and efficiently. From setting up the account of a new client to receiving quote request from numerous agencies and entering the same into your quoting tool, our team will proficiently handle all your critical processes with great ease.

  • Billing and Accounts Receivable

    Do you want to simplify and streamline your billing process? Then we can help you with that as well. Right from making sure that all your invoices are accurate and delivered on time to following-up timely collection of payments and entering these details correctly in the policy, we can assist you with seamless insurance carrier services. Our team will also maintain archives and generate accurate financial reports, which help you make informed decisions. Therefore, by partnering with us, you can expect improved cash flow and reduced administrative costs.

  • Policy Preparation

    Preparing insurance policies is a time-consuming process. However, once you outsource your services to us, we help you save hours of hard and consistent efforts by efficiently preparing policies along with the details submitted by your customers. Besides, in case of any discrepancies, we will also send the findings to a team of underwriters. Once the underwriters get back with their inputs, the policy and customer details are verified and we will create the final policy document.

  • Processing of Renewals

    By keeping a track of all your renewals and sending out early renewal reminders, our experts can help you plan and manage your policy renewals with ease. We will coordinate with the insurance agencies to receive new renewal requests and make sure the adjustments to a policy are carried out, before a premium is revised. With all this back-end work out of your hands, you can focus on offering a competitive price to your clients during the time of policy renewal.

Customers We Cater To

As our valuable customer, you can be sure to leverage several benefits, which are rare to find. At Outsource2india, we value all our clients and understand that the insurance requirement of every client is unique. Therefore, we take pride in modelling our insurance outsourcing services for carriers as per the requirements of each client. For the last two decades, we have successfully serviced global insurance carriers across different domains. Some of the customers who avail our insurance services for carriers include -

  • Life insurers
  • Claims processing companies
  • Third-party administrators (TPA)
  • Insurance administrators
  • Property insurance carriers
  • Commercial insurance carriers
  • Title insurers
  • Reinsurers
  • Casualty insurance carriers
  • Annuity insurers
  • Health insurers

Why Choose O2I for Outsourcing Your Insurance Processes?

We can offer insurance companies with premium quality insurance services at extremely reasonable rates. Partnering with Outsource2india for efficient insurance carrier services can help you leverage not one, but all the following advantages -

  • Well-trained & Highly Experienced Team - Our team of trained insurance agents come with vast industry knowledge and rich hands-on experience in catering to the needs of global insurance carriers. Therefore, from start to finish, our team of experts can offer you with best-in-class services for all your insurance needs
  • Uncompromised Data Security - Before we begin your work, we will sign confidentiality agreements to ensure absolute privacy of your project. With our high-end security systems, you can be sure that your confidential data will be safe with us
  • Reduced Cost - We provide highly efficient insurance services for carriers at extremely affordable rate. Therefore, as our partner, you will only be leveraging savings, as our dedicated team will provide highly efficient insurance carrier services. This ensures that your overhead costs are minimized only to necessities
  • Fast Turnaround Time - Extremely short processing time with round-the-clock support ensures that you can get more business done in less time
  • Assured Increase in Profits - With our accurate and on-time services, you can be sure to see an upward surge in your profits
  • Minimized Client Attrition - Through rewarding customer experiences and consistent services, we can assure you of reduced client attrition
  • Compliance - We strictly adhere by the latest insurance regulations and norms, so that you will never have to worry about facing compliance issues

Avail Reliable Insurance Services for Carriers at Outsource2india

Choosing a reliable outsourcing partner who provides efficient insurance services for carriers will reduce your business costs and leave you with sufficient time to focus on your core business deliverables. Whether you require insurance services for Life, Annuity, Property and Casualty or Health, you name it, we offer it. Being in the industry for over 18 years, at Outsource2india, we have developed a multi-domain expertise that helps us provide top-quality services to global clients. Therefore, partner with us and get access to fast, scalable, flexible and affordable solutions. All these factors make outsourcing insurance services to O2I a smart way to augment the efficiency of your insurance business.

Get in touch with us today to find out how we can assist you with insurance carrier services that are sure to catapult your business.

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Have specific requirements? Email us at: insurance.info@outsource2india.com

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Our Clients

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  • Eraid
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    Financial Planning Association of Australia
  • International Career Institute
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    Crunch
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