Are you struggling to get highly accurate and quick loss run processing reports for your insurance business? Are you falling short of skilled resources to manage your loss run processing requirements within a quick turnaround time? Then, the best option for your insurance agency would be to outsource loss run processing services to a skilled and experienced team of insurance experts.
Outsource2india is one such loss run processing service providing company who can be one-stop-shop for all your insurance back-office needs. We have a highly experienced team with over 100+ man-years of experience who can handle any volume of work with ease. Our services ensure that you receive the loss processing reports within the shortest possible time.
Loss Run Processing Services We Offer to Insurance Carriers
Our insurance team has been catering to the needs of several insurance agencies across the globe for over 25 years now. We understand the industry inside-out and are capable of handling any of your requirements. We leverage the best and proven methodologies to ensure that you get the best services within a short time. Some of the key loss run processing services we offer include -
Loss Run Report Processing
We have the required skills and expertise to help insurance carriers with the relevant loss run processing reports. We generate reports based on the requirements laid down by the client and provide them to the client within the shortest possible time.
Distributing Loss Run Reports
We take care of the responsibility of distributing the loss run processing reports to the different carriers and brokers. We ensure that the reports reach the concerned agencies on time and with highly accurate information.
Claims Report Preparation
We analyze the various reports and ensure that each of them has accurate information and also understand the various implications to provide an actual representation to the insurance carriers. Our services can help you resolve issues, if any, in the shortest possible time.
Claims Reports Submission
When the loss run reports are not available, we process and submit the claims reports to the insurance carriers. Our processes ensure that the insurance carriers don't lose out on potential prospects and complete the enrollment procedure in the shortest possible time.
Outsource2india's Loss Run Processing Process
Having been a pioneer in providing loss run processing services to global clients for almost two decades, we believe in providing our clients with the best possible services. We make this happen by following a systematic and streamlined process. The key steps involved in our process are -
01. Contact Carriers
On behalf of our client, we get in touch with insurance carriers to procure the loss run processing reports of policies which need renewal or need migration
02. Report Analysis
Once we have the report, we will analyze the report end-to-end to ensure that all the details are accurate and segregate them based on the claim's stage
03. Claims Report Preparation
Depending on the loss run data we receive, we prepare the report of the claim highlighting the risks and send the report to the underwriters for further processing
04. Liaise with Underwriting Team
We get in touch with the underwriting team and help them clear their doubts if any and help in making an accurate evaluation of the risks/loss involved
Other Service You Can Benefit From
Why Choose O2I for Loss Run Processing Services?
Outsourcing loss run processing services to Outsource2india can provide you with a series of advantages. Some of the key reasons for you to choose us include -
Outsourcing loss run processing services to us can be highly cost-effective. We provide our clients with highly affordable pricing packages which will suit their client requirements and their budget.
We know the importance of having good infrastructure while delivering quality services to clients. We have access to the best infrastructure in terms of the latest tools and technologies, world-class office spaces, and the uninterrupted network connections.
Experienced Insurance Experts
We believe in providing our clients with the best insurance loss run processing services. This is made possible by having the best and qualified insurance experts onboard who can cater to any of your needs with ease.
Once you choose to partner with us for loss run processing services, we will assign a dedicated manager for all your needs. This manager will be the single point of contact for all your needs and keep you updated about the project developments at all times.
We believe that data security plays a prime role in the insurance industry. We are an ISO/IEC 27001:2022 ISMS certified organization which ensures that all your insurance and policy-related data is kept safe at all times.
Highly Scalable Solutions
Our team at Outsource2india has the required skills, bandwidth, and resources to scale up the service requirements whenever the need arises. As and when the client needs it, we can scale up the processing speed by employing more resources on the project.
Quick Turnaround Time
Our insurance service team works from several delivery centers spread across the globe. We have over 10 delivery centers spread across the globe in different time zones. This allows us to deliver services within quick turnaround time.
We believe in providing our clients with 24/7 support. All our team members including the sales teams, call center executives, marketing teams, and the project managers will be available at all times to answer your queries.
We provide our clients with error-free services with an accuracy level of over 98% in all insurance loss run processing reports. We are an ISO certified organization which ensures that all our services are completely error-free.
Client Success Story
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 cost-effective services.Read more
Insurance Back-office Solutions to Insurance Company
A leading health insurance company was looking for a reliable service provider who could help them with back-office operations. Our team provided the services within a quick time.Read more
Outsource Loss Run Processing Services to Outsource2india
Outsource2india has been a leading provider of quality loss run processing services in India and a series of other insurance back-office support services. We have one of the most skilled, talented, and experienced team of insurance experts onboard who is trained to handle any work volume and deliver services without compromising on the quality. We leverage the latest and the best insurance processing tools and technologies which enable us to provide customized services to each client.
If you are looking for a cost-effective and error-free loss run processing service provider, then get in touch with us today!
Loss Run Processing for Insurance Carriers FAQs
What is a loss run?
Loss runs are insurance carrier reports that display how many claims a business has filed under its business insurance policies.
Why would you ever need a loss run report?
Similar to how credit scores let banks determine whether a candidate is a good applicant for a bank loan or credit card, loss run reports allow insurers to assess how risky a business is to insure.
What does a loss run report contain?
A loss run report provides a complete picture of how a business used its business insurance during the current and prior policy periods.