Insurance Policy Checking and Administration

Insurance Policy Checking & 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:

Life Insurance Services

Annuity Insurance Services

Property & Casualty Insurance

Motor Insurance

Health Insurance

Liability Insurance

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.