Managing claims is a critical part of the business for any insurance carrier. With optimized claims processing, an insurance company can reduce overheads, boost operational efficiency, and improve customer satisfaction. However, streamlining the insurance claims management process can come with multiple challenges, such as the lack of qualified personnel and complex compliance requirements. This is where professional insurance claims management services can help.
As a leading insurance claims management company, we can be your one-stop-shop for insurance claims management as well as other insurance back-office service requirements. With streamlined processes, we can handle every aspect of the claims process - including initial claim intake and settlement and payment. We will help you handle your claims effectively and efficiently so that you can focus on other business activities.
Insurance Claims Management Solutions We Offer to Carriers
We have been catering to the claims management needs of insurance carriers for over 24 years now. We understand every aspect of the insurance industry and can cater to the client’s exact requirements. Some of the key insurance claims management services we offer include -
First Notice of Loss (FNOL) and Initial Triage
To receive and record the initial claim information, we use multiple channels. Our experts then triage the claim and assign it to the appropriate specialist.
Investigation and Adjustment
We conduct a thorough investigation into the claim to determine liability, coverage, damages, and any other issues. We can also assist you in negotiating a fair settlement with the claimant.
Settlement and Resolution
Our services will assist you in ensuring that all necessary paperwork is completed, and payments are made on time for the claim to be settled effectively.
Fraud Prevention and Detection Services
We have knowledgeable fraud investigators who will use advanced data analytics to detect and prevent fraudulent claims.
Medical and Legal Review
Our thorough review of any claims, conducted by medical and legal experts, will ensure that you do not pay too much for the claimant's settlement.
Subrogation and Recovery
Our subrogation specialists can identify recovery opportunities and seek recovery to recoup losses you may have paid out in claim settlements.
Data Analysis and Reporting
We offer comprehensive services for data analysis to generate reports that can assist you in identifying industry trends, inefficiencies, and areas for improvement.
Compliance and Regulatory Support
We ensure that our clients fully comply with all applicable regulations and standards to reduce risk and exposure.
Our Insurance Claims Management Process
As a leading provider of insurance claims management for insurance carriers, we have the added responsibility to provide our clients with the best quality services with quick turnaround times. This is possible by following a streamlined and systematic process. Some of the key steps involved in our process are -
01. Receive Claims Request
First, we receive the claims request. The request is then processed and evaluated by our expert team of insurance experts.
The claim is investigated to check for the loss to the insured object. The terms and conditions are examined, and the coverage is explained in detail.
All the terms, conditions, and clauses are carefully reviewed by our team and a detailed report is created to list down if something is or isn’t covered.
After liaising with the underwriters, the final amount of the claim is finalized, and the detailed report of the claim is recorded.
05. Transfer to Adjuster
The various aspects of a claim's settlement are cleared. The adjuster contacts the customer with all the claim related settlement with the supporting documents.
Why Carriers Choose Us as Their Insurance Claims Management Company
Our services have helped leading insurance carriers and agencies from all over the globe gain a competitive edge in the insurance industry. Some of the key benefits of insurance claims management outsourcing to us are -
We understand the importance of having great infrastructure while delivering quality services. We have access to the best infrastructure in terms of world-class office spaces and the latest insurance tools and technologies.
Skilled Insurance Experts
We believe in providing our clients with the best quality services. For this, we have some of the most talented and skilled insurance experts on board who can take care of all the client's requirements with ease.
When you partner with us, we will assign a dedicated project manager who will see to your requirements. This manager will keep you updated about all the project developments and answer all your queries.
We take insurance data security very seriously. We are an ISO/IEC 27001:2022 ISMS certified firm, and that ensures that all your insurance data is kept safe and not divulged to any third-party without the relevant permissions.
We take insurance data security very seriously. We are an ISO/IEC 27001:2022 ISMS certified firm that ensures that all your insurance data is kept safe and not divulged to any third party without the relevant permissions.
Highly Scalable Solutions
We have the required skills and expertise to scale up the service requirements with ease as and when the client needs it. We have the required resources and bandwidth to ramp up the service requirements as necessary.
Short Turnaround Time
We operate from 10 different delivery locations across the globe. This allows us to deliver services within a quick turnaround time without compromising on the quality.
Round the Clock Support
We provide our esteemed clients with round the clock support. All our team members - including sales, marketing, call center, and project management - are available via phone or email to answer any of your queries.
Being one of the leading providers of insurance claims management services, we believe in providing high-quality services to our clients. We are an ISO certified firm that ensures that all the services we deliver are accurate and effective.
Working with us can be highly cost-effective for insurance carriers. We provide our clients with highly affordable pricing packages that suit the client's business requirements and budget.
Additional Services You Can Benefit From
We help our clients with insurance lead generation. We use a combination of data-driven marketing intelligence and effective strategy to generate more qualified leads.
We help our clients with services that include adding, limiting, or deleting a policy’s coverage. We can also help with adding or deleting people on an insurance policy.
Insurance carriers can gain an edge over their competitors with our consolidated services. We help our clients create better business models for policy issuance and administration.
We offer an array of services for insurance agencies that lets them effectively manage their back-office operations, and boosts efficiency in their processes.
Our services can help streamline the time-consuming, repetitive, and rigid task of processing and issuing of a certificate of insurance (COI) for agencies.
Streamline and organize your insurance renewal processing, renewal requests, and back-end work with the help of our experienced team of insurance professionals.
Customer Success Stories
Insurance Back-office Solutions to a Leading Insurance Agency
A leading health insurance agency was looking for a reliable service provider who could help them with back-office operations. Our team provided the services within a short time.Read more
Back-office Operations for Miami-based Client
A well-known Miami-based insurance agency was looking for a partner who could help them with insurance back-office operations. Our team provided them with effective services.Read more
Boost Efficiency With Outsourced Insurance Claims Management Services
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 »
Over the past two decades, we have helped leading insurance carriers streamline their claims management. Leveraging cutting-edge technology and experienced resources, we have helped them improve operational efficiency and lower overheads that are associated with claims handling. With outsourced insurance claims management, our clients have benefited from -
- Higher customer retention
- Optimized processes
- Lower operational overheads
Access reliable and effective insurance claims management services. Get in touch with us today!