Factors like cut-throat competition, reduced customer loyalty, and stringent regulatory policies continue to plague the insurance industry. They put insurance carriers under extreme pressure. Besides that, they face numerous challenges daily that include frequent regulatory changes, product commoditization, lack of growth, dwindling margins, and price sensitivity.
Are you grappling with similar issues? Get ahead of the stiff competition and cope with strict regulatory practices with a proficient insurance process outsourcing partner. Opting for specialized services enables insurance carriers to increase operational efficiency, reduce costs, and invest time in value-generating business functions.
Insurance BPO Services for Carriers We Offer
We offer customized services that cater to the varying requirements of insurance carriers and help streamline your processes. Our services include -
We provide you with the best annuity insurance claims management services. We can help you with insurance claims setup, claims document imaging, disbursement, full claim adjudication, account settlement, etc.
By outsourcing to us, you can save on time and costs and boost your profitability. We help our clients with policy administration, commercial and personal business acquisition claims processing, claims servicing, billing services, agency administration, etc.
Our expert team helps you send accurate loss run requests to various other insurers, thoroughly evaluate them, prepare a claims report, and even dispatch it to the underwriters. We make the process seamless, fast, and accurate.
From getting the first response units for claims to carrying out a detailed investigation, getting rid of fraudulent claims, and proactively managing customer data: you can count on us. We ensure that each claim is covered under a policy by thoroughly verifying each damage and liability.
We help you save hours by efficiently preparing policies with the details submitted by your customers. In case of discrepancies, we send the findings to a team of underwriters. Further, we verify the inputs from the underwriters and create the final policy document.
Do you want to simplify and streamline your billing process? We ensure that all your invoices are accurate and delivered on time. We follow up on payments while our team maintains archives and generates accurate financial reports for you to make informed decisions.
We provide manual as well as automated ACORD forms processing services that suit a wide variety of requirements and budgets. We offer quality services with quick turnaround times.
Our team receives adjustment requests on your behalf, evaluates the change requests (to find out and estimate their impact on a premium), updates these details in the policy, and issues new insurance certificates if required.
Our insurance professionals assist you in setting up your business operations quickly, seamlessly, and efficiently. From setting up new client accounts to receiving quote requests from numerous agencies, our team proficiently handles critical processes.
We help you plan and manage your policy renewals with ease. We 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.
Insurance Software We Use
Category of 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 modeling 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
- Casualty insurance carriers
- Annuity insurers
- Health insurers
Why Choose Us for Outsourcing Your Insurance Processes?
We offer premium quality insurance services at reasonable rates. Partner with us for efficient insurance carrier services and leverage the following benefits -
Well-trained & Highly Experienced Team
We have vast industry knowledge and rich hands-on experience catering to global insurance carriers. Therefore, from start to finish, our team of experts can offer you best-in-class services for all your insurance needs.
Uncompromised Data Security
We sign confidentiality agreements to ensure absolute data privacy. With our high-end security systems, you can be sure that your intellectual assets are safe with us.
We provide efficient insurance services for carriers at an affordable rate. Our flexible and customized pricing structures ensure that your overhead costs are minimized only to necessities.
Fast Turnaround Time
We work from multiple global locations and provide round-the-clock support to ensure the best TATs in the industry. Partner with us now to leverage the time-zone advantage.
We strictly adhere to the latest insurance regulations and norms so that you never have to worry about compliance issues.
Additional Insurance Back Office Support Services We Offer
Outsource insurance BPO services to us to delegate resource-consuming processes like data management, sourcing, sorting, processing, and analysis.
We assist insurance providers with data and forms processing, medical requirements acquiring, in-force policy services, illustration support, and commission management.
From policy approval to error detection, BU assistance, timely document update, and policy monitoring - we provide end-to-end support services to MGAs.
We lure real-time insurance leads with top-notch digital strategies. We cultivate leads through e-mail marketing and educate them through customer service.
Customer Success Stories
We Provided Insurance Policy Checking Services for NY-based Insurance Service Provider
We provided insurance back-office support to a New York-based risk insurance agent and the client swept 22% profit with our affordable services.Read more
We Provided Complete Insurance Back-office Solutions for Renowned Health Insurance Company
We optimized the back-office functions for a reputed health insurance firm. Backed by our service, the client's workflow was optimized at record-breaking speed.Read more
Outsource Insurance BPO Services for Carriers to Outsource2india
Outsource2india has helped my business by providing a reliable and organized back-office team to assist me in my day-to-day activities. They are very responsive, and their communication is excellent.President,
Insurance Agency, Florida More Testimonials »
We assist insurance carriers with a wide array of services, from data and forms processing, medical requirements acquiring, and in-force policy services to illustration support and commission management. Outsource insurance services for carriers to us to get -
- A service provider with 24 years of experience
- Quality outcomes; 100% error-free services
- Rich domain experience; six-sigma tools and strategies
- Integrated BPO and technology solutions
- Dedicated project managers
- 24/7 customer service support
Reach out to us now to find out how our insurance BPO services for carriers can help you to navigate your business goals.