Insurance Policy Checking and Administration
Insurance policy administration services and policy checking is a huge role carried out by most of the insurance carriers. Insurance companies are one of the busiest companies as they have to deal with thousands of new applications, renewal applications, and following up with agents and clients for various issues. Right from the time when an insurance company acquires a new customer, their business will continue to grow over time making the policies grow with them.
Outsource2india's streamlined insurance policy administration services and policy checking services considerably reduces average handling times, training costs and errors while upgrading service quality and revenues. We provide our customers with world class services and a great customer experience. We work with small and mid-sized insurance agencies which provide customized back-office operation services to clients around the world.
Outsource2india's Policy Checking Services
We have been in the insurance industry for more than 24 years now. Our vast experience of having worked with different clients around the world helps us understand different businesses and provide the services accordingly. Our policy checking services include -
- Reviewing the policy document for completeness and accuracy
- Ensuring the policy matches with the proposal
- In case of renewals, ensure that it policy matches the previous term policies
- Recording any kind of variance based on findings of the review
- Reporting the differences to the insurance carriers
- Requesting revision of the policy document
- Ensuring that the final document is received without any variances
Policy Insights - Precision-Driven Automation for Enhanced Efficiency
Expedite policy-checking with our Policy Insights, an automation-powered platform to eliminate backlogs and enhance efficiency. This innovative solution automates post-bind delivery processes and policy checking by seamlessly integrating automation and skilled insurance professionals.
Policy Insights solutions enable you to review and coordinate policies faster and customize recommendations for each policy. Now, it is your turn to benefit from our proven technical expertise and extensive experience in checking millions of policies.
Unlock actionable insights that identify risk hotspots and drive profitability through our tech-enabled platform. Supported by human-verified policy checking and error analysis, our platform empowers you to -
- Mitigate Errors and Omissions (E&O) by identifying and eliminating systemic error patterns
- Deliver policies faster, leading to improved insured outcomes
- Minimize policy administration costs and optimize your post-bind operations
- Fuel your agency growth by maximizing revenue-generating time
Conveniently tackle seasonality, check complex policies swiftly, and rush requests with our user-friendly one-click portal. With an unwavering commitment to exploring cutting-edge technologies, we strive to serve the insurance industry better and consistently surpass client expectations.
Insurance Software we use
Our Policy Checking Process
Outsource2india's Policy Administration Services
Along with Policy Checking, our team is also adept at handling all your policy administration service requirements. Our range of policy administration services include -
- Receiving adjustment requests from clients
- Analyzing and evaluating the changes requested by clients
- Checking if the change request will require any further change in the policy premium
- Issuing insurance certificates
- Creating quotes
- Verification of the details in the Quote, Proposal and Policy
- Requesting loss runs
- Reviewing policy accounting history
Our Services Cater to the Following Verticals
Outsource2india has the required expertise to work with clients from different backgrounds and verticals. Some of the verticals we cater to include:
Why Choose O2I for Policy Checking & Administration Services
All our insurance specialists have a minimum of 5 years of experience and are capable of handling any kind of request. Outsource insurance policy administration services to us and take advantage of the following benefits -
- We have highly skilled resources from around the world who are trained to handle any kind of policy checking and administration requests
- We provide cost-effective services within a quick turnaround time with the help of our multiple delivery centers around the globe
- We believe that security, authentication and authorization, privacy and integrity are of utmost importance in insurance business
- We follow strict confidentiality agreements and you can be assured that the data you share with us is completely safe
- Our team has extensive experience in managing all agency management systems like Hacksoft, Insurance, Nexsure, AMS 360, salesforce and Bill.com for financial and accounting clients
- In case of any absenteeism, we provide backup resource to ensure your business faces zero impact
Outsource Insurance Policy Checking and Administration Services to O2I
Outsource2india has been providing quality policy checking and administration services and a wide range of other insurance back office support to clients around the world. Our cost-effective services help our clients to save considerable amount of time and money which would otherwise be invested in hiring an in-house insurance management team. Our highly skilled professionals have an expansive amount of industry rich experience that enables them to meet the international standards of the insurance industry.
Write to us or talk to one of our representatives from the client engagement team and we will be more than happy to help you.