Insurance Agency Management Services
Historically, insurance agency management outsourcing continues to be regarded as a means to minimize operational expenses by leveraging the advantages of labor arbitrage. Outsourcing can entirely transform your insurance processes, presenting increased flexibility by freeing up useful assets.
We, at Cogneesol, have substantial experience in insurance agency administration services since 2008. Our management solutions for insurance agencies empower and boost the internal business processes across the entire insurance lifecycle for all insurance groups – property and casualty, life and annuities, reinsurance, etc.
Our Insurance Agency Management Services
New Business Services
- Receiving Accord Forms
- Uploading of the Documents
- Application/Accord Information Data Entry
- Record Perils Insurance Requirements
- Requirement Gathering from Insurance Companies
- Insurance Quote Creations
- Generating Proposals
- Client Receipts, Certificates of Insurance
- Insurance Policy Issuance Services
- Record Payment Details
- Invoice Data Entry Services
- Insurance Policy Checking Services
Policy Management Services
- Policy Renewal Services
- Filings with the State Government Websites (e.g.: Stamping Office)
- Order Loss Runs
- Coordinate with Finance Companies on Premium Finance Agreements
- Policy Issuance Services
- Insurance Endorsements
- Insurance Policy Checking Services
- Policy Maintenance and Administration Services
- Policy Cancellation and Reinstatements Services
Commission Management Services
- Commissions Data Entry
- Payable Commission for Producers
- Commission Systems Enhancement and Maintenance of Applications
- Commissions Accounting Services
Insurance Reporting
- Agent Commission Detail Reports
- Accounting and Finance Reports
- Customized Reporting
- Active Policy Listing
Insurance Claims Data Entry
- Mortgage Claim Data Entry Services
- Life Insurance, Health Insurance or General Insurance Data Entry
- Claims Adjuster Data Entry
- Data Entry for Claims Settlement
- Data Entry Service for Workers Compensation Insurance
Claims Management Services
- First Notice of Loss (FNOL) Management Services
- Claims Verification and Validation
- Claims Processing Services
- Assessment — Desktop and Physical
- Claims Adjudication Services
- Subrogation
- Maturities Processing
- Early Retirement
- Withdrawals
- Reconciliations
- File Closure & Portfolio Management
Insurance Accounting
- Billing of Premium Balance Services
- Document (Invoice Cycle) Management
- Accounts Payable Services
- Accounts Receivable Services
- Bank Account Reconciliation
- Tax Preparation Services
- Financial Reporting
Legal Services
- Complaints Drafting
- Drafting Motions
- Drafting Answers
- Drafting PD Discoveries
- Drafting Subrogation
We Support Multiple Insurance Software
Every Business is Unique. Find Out How We Can Help Yours.
Contact UsOur Key Differentiators
The Cogneesol Advantage
Our in-depth expertise in providing insurance agency administration services can help accelerate your business on the path to outperformance.
Global Reach
Insurance agencies across the globe trust us and our flexible work. We are experienced and thereby, our client base is increasing day by day.
Reduced Operating Costs
Outsourcing insurance agency management can help reduce operating expenses while maximizing the cost transparency and predictability.
Latest Technology
With our goal to maintain process efficiency, we ascertain that the latest technology is used. Technological up-gradation is done, when necessary.
Data Security
We respect the security and confidentiality of our clients' crucial data. When you outsource to Cogneesol, you need not be concerned about data security risks.
Flexible Commercial Models
Our commercial models are flexible in every way—from the scope, costs to scaling. We personalize solutions to accommodate your needs.
With Our Experience, Take Your Business To New Heights
However, outsourcing insurance agency management services to Cogneesol could be your smartest step toward business growth and expansion. For the past 15 years, we at Cogneesol have operated in tandem with the worlds’ several established insurance agencies; we have assisted a large number of clients in distinct industries.
Cogneesol is reckoned by many industry experts, third-party consultants and insurance agencies themselves as being one of the major insurance outsourcing companies across the globe. Top insurers progressively outsource insurance agency administration to Cogneesol to consolidate and simplify operations—not merely to keep costs down, but to increase agility and liberate resources in ways that help their companies yield new business opportunities.
Client Testimonials
We had been struggling with commission management and reporting for some time. That’s when we signed up for Cogneesol’s insurance agency services and have not looked back since! They came on board, swiftly streamlined our processes and enabled timely monthly reporting. The team are experts in the field of insurance and that makes a world of difference!
Despite the surge in volumes owing to the COVID-19 pandemic, Cogneesol has not charged us higher rates. They increased the team size to help tackle the rising volumes. It has been a relationship of trust and partnership with them. We are happy Cogneesol handles our insurance agency services.
The team that has been handling our policy management services are experts at U.S insurance regulations and statutory requirements. Their DD and transition timelines are short. This helped us in quick onboarding and swift application of transformative solutions in required areas. The team brought us increased productivity within a very short period.