Cogneesol Blog
Optimize and Transform with Insurance Policy Management Software
Attracting and retaining customers are persistent challenges confronting insurers. Attribute this to the technology advancements that have been driving intense [...]
Certificate of Insurance: Everything You Need to Know
Certificates of Insurance (COI) are legal documents of proof of an individual or entity's insurance coverage. These certificates, used in [...]
The Battle Against Deceit: Innovations in Insurance Fraud Detection
Insurance fraud detection has assumed a level of sophistication unthinkable even until a few years ago. The very landscape of [...]
Reinvent your Insurance Policy Renewal Process Through Digitization
The insurance policy renewal process is undergoing a paradigm shift in today’s digital era. Like in most other spheres, digitization [...]
The Ultimate Guide to Employee Benefits Insurance
Employee benefits insurance emerged because of a few historical, social, and economic factors. It was first introduced in the late [...]
Accounting Practices for Property and Casualty Insurance Companies
Accounting practices of property and casualty (P&C) insurance companies vary widely. This variance depends on several factors. These factors include [...]
Benefits of Outsource Insurance Claims Processing Services
One of the most crucial pillars of the insurance industry is efficient insurance claims processing. It has a direct connect [...]
Insurance Agency Management System – A Necessity
A traditional insurance agency's workflow often involves labor-intensive and error-prone manual processes for policy management, client data organization, claims processing, [...]
Innovating and Evolving – How Insurers are Beating Disruptions
This Decade is Fast Turning Out to be the ‘Decade of Disruptions’. 2020 started with the COVID-19 pandemic that caused [...]
Insurers’ Priorities to Overcome ‘New-World’ Challenges
Top challenges facing the insurance industry According to the Annual Insurance Review, natural disasters, ESG responsibilities, and cyber risks will be [...]
Cogneesol Provides Support in Improving CX for Insurers
AI-driven World of Today and Tomorrow With Artificial Intelligence (AI) making fast and drastic inroads into the hitherto realms of [...]
Role of BPO in the Insurance Industry: Experts Opinion
It has become challenging to survive in today's volatile business environment. This is why we are witnessing a substantial change [...]
Experience Optimal Growth by Outsourcing Policy Management Services
The entire insurance sector network, including agents, brokers, and carriers, has to manage a vast amount of back-office management and [...]
How Outsourcing Can Upgrade your Insurance Business?
According to Facts and Factors , “The global insurance business process outsourcing market size was worth USD 5,924.10 million in [...]
Insurance BPO: The New Imperative for Insurance Companies
The insurance sector has been struggling to manage the continuously increasing expenditure and for many insurers, this growing-costs challenge is [...]
Expert Suggestions to Detect & Prevent Underwriting Fraud in P&C
While the property and casualty industry continues to flourish, repetitive insurance back-office activities needing a little less attention than the [...]
Outsource Insurance Claims Data Entry Services
Insurance companies deal with large-size data sets daily to process insurance claims, while they also need to ensure timeliness in [...]
Insurance Accounting Outsourcing – The Smarter Way for Agencies to Grow
Insurance businesses in any country across the world play a crucial role in the well-being of citizens. And not being [...]
How Insurance BPO Services Can Help Insurance Companies Grow
The insurance sector is going through a broad change considering today's dynamic and complex business environment. Apart from strict regulations, [...]
Turnaround Times Affecting Insurance Business Growth
As an insurance carrier or MGA, you might already know how longer turnaround times (TAT) can potentially affect your customer [...]
Optimizing Insurance Business through Operational Excellence [Infographic]
Insurers are under immense to manage their current insurance business operating expense environment effectively. Constant low investment returns, ever-increasing competitive [...]
Insurance BPO: Gain a Competitive Edge for Your Insurance Business
Today’s complex and fiercely challenging business environment has imposed a need on the insurance sector for radical changes. Among other [...]
Effective Insurance Agency Management Makes the Agency Great: Know How!
When it comes to insurance agency management, streamlining it can be a nerve-wracking process. Hence, insurers need to increase their [...]
Insurance Claims Management: Problems & Modern Solutions
Insurance is one of those few sectors experiencing a series of disruptions caused by several factors (such as technology, frequently [...]
How to Optimize Insurance Business Process Management for Higher Efficiency?
Insurance is a sector that depends heavily on documents as it processes high volumes of hardcopy customer forms, claims applications, [...]
BPM Solutions: The Path Toward Growth for Insurance Agencies
Insurance is not an easy business to run as there are several processes and departments to manage. Insurance agency owners [...]
Tips from Experts to Overcome Insurance Claims Management Challenges
The insurance business runs on several vast processes. Claims management is one of the most challenging ones, which includes crucial [...]
Why You Need Outsourcing to Growth Hack Your Insurance Business in 2021?
In the aftereffects of the recent worldwide pandemic, remote working and outsourcing will be more popular and relevant to most [...]
Key Facts About Insurance Outsourcing Overseas & Cost Saving!
The insurance industry is analogous to any other industry where firms leave no stone unturned. If we talk about insurance [...]
Accountants’ Role in Insurance Financial Reporting amid the COVID-19 Outbreak!
Coronavirus pandemic has caused a lot of disruptions in the business finances and processes across the world. The traditional business [...]
How Outsourcing Firms Assist Insurance Companies with Policy Renewal Services?
Insurers throughout the world handle a plethora of insurance policies on a regular basis. From new policies to renewal requests, [...]
Insurance Outsourcing: Business Continuity Plan for Insurers
COVID-19 has brought along a massive stone of challenges when it comes to insurance business continuity plan. Amid all this, [...]
COVID-19 Pandemic Affecting Insurance Operations & Finances
Since the COVID-19 pandemic, the world has grappled with numerous challenges, with many of them still unresolved. This includes significant [...]
5 Steps to Save Your Failing Business amid COVID-19!
According to one survey conducted by Veem, 27% of businesses expect to experience average to the unreasonable impact of the [...]
COVID-19 Outbreak: Are Insurance Companies Ready to Respond?
Observations are indicating that the virus - COVID-19 has been spreading westwards, as starting from the Central Asian country – [...]
The Digital World Propels Insurance Companies to Re-Evaluate Their Operations!
This is 2020-A year which is recognized as the year of digitalization and modernization. At present, almost every industry of [...]
Tech, Talent, and Data: 3 Critical Pillars for the Future of Insurance
Insurers need to seek solutions that can bring operational strength in order to prepare for the future. Tech, talent and [...]
Common Questions Asked by Our Clients While Outsourcing Insurance Back Office
Outsourcing is no less than a strategy to adopt an innovative business model that suits best for businesses dedicated to [...]
Insurance Industry Trends: Shaping The Future
With the continuous growth in the insurance industry trends, it is getting essential for insurers across the globe to revamp [...]
Does Digitalization Imply Business Profits for Insurance Sector?
Digitalization has taken all the industries by storm and is the latest trend because of the numerous benefits it provides. [...]
Essential Guide for Insurance Companies to Compete in a New Business Era [Infographic]
Many insurance companies have established successful businesses. But do you know how? Because insurers assess and address business risks, manage [...]
How can Insurers Build a Network of Loyal Customers?
What is a business? Every business can be defined as a company that is looking to make profits by selling [...]
How Do Insurance Market Fluctuations Pave the Way for Outsourcing?
Earlier, insurance companies were depended more on brokers, in-house teams for sales and after-sales operations. As a result, they invested [...]
Digital Transformation – The Future of Insurance Industry!
According to PwC’s 22nd Annual Global CEO Survey, digital transformation in insurance industry have become prominent. Adapting to the changing [...]
Agents! It’s Your Turn to Level-Up the Digital Customer Engagement!
and 2019 is the modern age of modernization and digitization! With advancements in technology, industries have been able to streamline [...]
What Makes AMS360 Software a Must for the Insurance Agencies?
Vertafore AMS360 is one of the most advanced and cost-efficient software for insurance agencies of all sizes. AMS360 insurance software [...]
Planning to Start your Own Insurance Business in 2019? Do it Right! – Infographic
Have you decided to start your own insurance business? You need a lot of planning and workable strategies to execute [...]
The Essential Business Growth Strategy that Insurers Need to Know-Infographic
In today's digital landscape, achieving success within one's market has become imperative for businesses. The insurance industry is no exception. [...]
What’s the Next Big Thing in the Insurance Sector in 2019?
The rising competition in the insurance sector is leading the focus on cost optimization and customer retention. Let’s read what [...]
Top 9 Insurance Claims Processing Trends – Infographic
Technology is growing fast, and many insurance organizations are facing challenges to stay ahead. The utmost priority of an insurance [...]
Impact of Robotic Process Automation on Insurance Companies
Robotic Process Automation in insurance is one of the most impactful technologies that have revolutionized the industry entirely. Insurance firms [...]
The Global Insurance Industry Trends Analysis 2018
It's impossible to discuss the global state of insurance industry trends or its upcoming growth. But why? It is highly [...]
Terms Commonly Used in Insurance Policy Administration – Infographic
In the ever-evolving landscape of the insurance industry, staying informed about the commonly used terms and phrases is not merely [...]
5 Commonly Overlooked Benefits of Insurance Accounting Software
The majority of insurance businesses utilize some type of bookkeeping software nowadays. Regardless of whether they outsource insurance agency accounting [...]
Top 4 Outsourcing Trends to Dominate in 2018
Undoubtedly, 2017 has been quite an exciting year for the outsourcing sector. At the beginning of 2017, there was both [...]
Drive Your Insurance Business By Outsourcing Policy Management Services
Policy management is one of the crucial aspects of the insurance business. There are various tasks involved in the policy [...]
A Survival Guide for Startup Insurance Business
We all know how recession hits the businesses, and if you are looking for a recession-proof business, then insurance is [...]
20 Ways to Save Money in your Insurance Business
It is easy to give theoretical assistance, but only entrepreneurs can understand what actually a business goes through. Insurance is [...]
Outsourcing Guidelines for Insurers in USA
Insurance outsourcing guidelines has become common in the United States. This initially took roots in the insurance sector; when the [...]
Insurance Policy Management – Get Business Benefits by Outsourcing
Outsourcing insurance policy management has become a common trend in the insurance market. When it comes to policy management tasks [...]
How to Enhance Productivity of Your Insurance Team?
Ensuring staff focus is an ongoing priority and a common challenge for insurance business owners. Effective goal-setting strategies are one-way [...]
5 Insurtech Trends Reshaping the Insurance Industry
The term revolution is most probably used by various tech writers these days, but still, it is difficult to understand [...]
Insurance Claims Management – A Way to Simplify Your Claims Processing
There is a very famous saying “No Risk, No Income” and every business which evolves overtime takes certain risks. With [...]
What are Loss Runs & How are These Reports Vital for Insurance Businesses?
The word “Loss Run” or “Loss Run Report” is a very common term used in the insurance sector. Insurance firms [...]
Insurance Commission Management – A New Way to Maximize your Business Performance (Infographic)
Managing commissions has always been challenging for the insurance carriers as the commission distribution structure is unlike other industries. In [...]
Top 10 Tips to Save your Insurance Agency from Becoming Insolvent
An insurance agency becomes insolvent any time it is struggling to pay off its debts by the due date, or [...]
Boost Your Business Revenue by Outsourcing Insurance – Infographic
Outsourcing insurance - Reduces the encumbrance over the company’s important resources and amplifies customer satisfaction. Maximizing Efficiency and ROI: Benefits [...]
How Can Your Firm Save Big by Outsourcing Insurance Policy Management?
As technology progresses, insurance policy management has become quite easier. The global insurance business trend has shifted toward utilizing the [...]
In-House or Outsource Insurance Services? Make a Right Choice!
Essentially the most critical fundamental business decision for an insurance firm is whether or not to outsource insurance back-office [...]
Why Should Insurance Company Modernize its Policy Administration System?
Policy administration system comprises of various important tasks like policy renewal services, filings with the state government websites, order loss [...]
Insurance Back Office Outsourcing Myths vs. Facts – Busted!
Insurance businesses have attained prominence in recent times. Almost everyone requires insurance policies, so insurance companies are earning huge profits. [...]
5 Things You Need to Know About Insurance Accounting
Being an insurance agency owner, I’m certain you’ve put enormous time and effort into formulating and improving your business, trying [...]
A Quick Guide on Accounting for Insurance Companies
Accounting is an integral part of any business. It is essential for a business to maintain proper accounting records for [...]
Top 10 Financial & Accounting Tips for Insurance Agencies
Like any other business enterprise, insurance agencies are also looking for new ways to optimize their business efficiency. The efficiency [...]
What does an Insurance Administrator do for Insurance Agency?
In the modern business scenario, insurance companies have to face a variety of challenges like cut-throat competition and strict government [...]
Insurance Policy Administration: Cut Costs and Improve Efficiency by Outsourcing
The insurance companies have to deal with an exceedingly competitive environment in the present scenario. Apart from the challenges of [...]
Challenges and Opportunities for Insurance Wholesalers
The insurance industry throughout the world is on the verge of rapid expansion. Insurance wholesalers are foreseeing bright prospects for [...]
Tips and Tricks: Improve Productivity and Efficiency of your Insurance Agency
Productivity and efficiency are key goals of any business enterprise, especially in the highly competitive landscape of the insurance industry. [...]
Top Reasons for Hiring Outsourcing Commission Management Services
Outsourcing commission management services have become a trend in the insurance industry. Certainly, the advantages of hiring these services are [...]
Insurance Outsourcing – A Simplified Solution to Improve Business Profits
As the business competition is raising highly, every entrepreneur wishes to excel in his/her region of services. Undoubtedly, to reach [...]
Outsourcing Insurance policy management services to Cogneesol for better ROI
In the ever-evolving landscape of business operations, outsourcing insurance policy management stands as a unique and crucial concept. Unlike tangible [...]
How to Ensure that Your Insurance Outsourcing Process is Feasible & Profitable?
Insurance outsourcing services are controlled by several factors; certain things having an immediate impact while some having an indirect impact [...]
Insurance Sector: Outsourcing of Business Activities, Functions and Processes
The insurance sector, a cornerstone of financial services, has undergone a significant transformation in recent years. To adapt to the [...]
Why Insurance Commission Management Services are Beneficial to Opt for Your Business?
Outsourcing commission management services has become new phenomenon in the insurance landscape. How? It is simple, the benefits of outsourcing [...]
How Outsourcing can Help to Maintain Regular Productivity for your Insurance Company?
How does outsourcing help the insurance company maintain productivity levels and retain its competitive edge? In today's business scenario, the [...]
Warning: You Might be Losing Money by Not Outsourcing Policy Management Services
Policy management constitutes a crucial element in the administrative functions of any business, projecting actions necessary to address future eventualities. [...]
Reasons to Rely on Outsourcing Claims Administration
Insurance business relies on two core aspects. One is devising schemes to bring in more business and the other is [...]
How Outsource Insurance Claims Have Turned to be a Miracle for Insurance Firms?
There are times in life when decisions do not just seem to be correct. However, in the long run, they [...]
Outsource Claims Administration Minimize Work Pressure of your Insurance Company
Why would any insurance company want to outsource claims administration? The answer is not difficult to perceive. The insurance claims [...]
What Insurance Services Can a Business Outsourcing Company Handle?
Globally, insurance companies are facing severe/ serious challenges in coping with the current business scenario – recession, reduced margins, economic [...]
Why Policy Management is More Important Than You Think?
Why insurance policy management holds so much importance and how does it help to facilitate a smooth administrative process? But [...]
Outsourcing Insurance Policy Administration Services Can Be Beneficial for You
Insurance Policy administration issues experienced by companies are not basically new. Tremendous documentation, massive bottlenecks, slow-moving workflows as well as [...]
How to Manage Insurance Claims Processing via Outsourcing?
An impressive 92% of respondents in a study believed that outsourcing insurance claims processing is the best solution to reduce [...]
Are You Planning to Outsource Insurance Claims Processing Tasks?
The insurance sector suffers a lot during recession. It was struggling to cope with the common issues like bringing down [...]
Insurance Outsourcing- What You Need to Know About it?
There isn't a single industry, which has not been touched by the widening customer base of the outsourcing industry. The outsourcing industry continues [...]
