Insurance Outsourcing Services
Insurance outsourcing has become an imperative for insurance carriers in today’s times amidst rapid market changes, and uncertainties. The increased pace of technical and digital evolution, coupled with lifestyle transformation amongst different age groups of people are proving to be major drivers for the insurance industry to evolve in accordance with new-age priorities. Their endeavor to diversify offerings and increase customer acquisition will hold good only when their core processes are strong and agile.
Cogneesol, a leader in insurance outsourcing services since the last fourteen years, have been helping insurance carriers, wholesalers, MGAs and brokers streamline streamline their operations for efficiencies and productivity. Considering the new-world imperatives, we have further upscaled and upskilled our capabilities to help our insurance clients reimagine their business models, prioritize customer-centricity, drive innovation and future-readiness.
Our insurance offerings cover the complete gamut of outsourced tasks to trigger your growth.
Along with all insurance outsourcing services, Cogneesol has also helped us optimize our business model thereby bringing greater profitability.
- An Insurance Agency, New York, NY
Managing claim
transactions annually
Approx.
Claims Spend
Managing underwriting
Transaction
Premium Handling
Who We Serve
Helping insurance carriers fight back business uncertainties with thorough, optimization-focussed, and customer-centric outsourcing services.
Powering your customer-outreach strategies with our end-to-end insurance services that are continuously revised for changing times.
Facilitating you to stay proactive and to manage customer expectations with our industry-ranked insurance outsourcing services.
Enabling you to succeed and excel in an uncertain market with evolutionary insurance outsourcing services.
Our Insurance Outsourcing Services
- Channel Support
- Quotes
- Premium Calculations
- Sales / Quotes acceptance & Conversion
- Actuarial Support
- Exposure Assessment
- Underwriting Support
- Verification / Validation
- Fulfilment
- Premium Calculation
- Follow up
- Policy Issue
- New Business Rating
- Policy Changes
- Certificate Issuance and Re-issue
- Adjustments / Endorsements / Rider & Coverage Changes
- Lapses
- Renewals and Quotes
- Cancellations
- Remittance
- Reconciliations
- Refunds
- Billing
- Premium Mode Change
- Bank Changes
- Premium Audits
- Claim Set-up
- Investigation / examination
- Review & assessment
- Reserving
- Supplier Support
- Excess / Deductible Management
- Settlements
- 3rd Party Claims
- Bodily Injury claims
- Recoveries & Subrogation
- Fraud Checks
- Claim Finalization
- Closed Claim audit
- 3rd Party Payments
- Debt management
- Contracting Services
- Regulatory Research
- Compliance Support
- Managed Document Review
- Cyber Security
- Paralegal Support
- Case Management
- Medical Record Summarization
- Subrogation
- Deposition summary
- Bookkeeping
- Investment Accounting
- Payroll Services
- Reconciliation Services
- Statutory and State Reporting and Filings
- Financial Reporting
- Management Reporting
- Group Reporting
- Accounts Payable
- Accounts Receivables
- Financial Planning and Analysis
- Reporting
- Distribution Analytics
- Marketing Analytics
- Underwriting Analytics
- Product Performance
- Claims Analytics Reserving
- CAT Modelling Pricing
- Data Governance Strategy
- Development
- Self Service Reporting Services
- SQL Server Integration Services ( SSIS)
- SQL Server Analysis Services (SSAS)
- ETL (OLAP & OLTP)
- Insight Generation
- CXO Reporting Services
- Reporting Rationalisation
- Root Cause Analysis
- Plan/actual Comparison
Every Business is Unique. Find Out How We Can Help Yours.
Contact UsCogneesol is positioned as a Major Contender in the Everest Group P&C Insurance BPS PEAK Matrix Assessment Report 2022
Our Key Differentiators
Agile Operating Models
Our insurance outsourcing services streamline client’s operating models by erasing redundancies and by building resilience and agility.
Global Exposure
With clients spread across numerous geographic zones, Cogneesol’s exposure to operating standards and procedures give our insurance services a competitive edge.
Industry-best Benchmarking
Our more than a decade’s experience of serving insurance clients has enabled us to create best-in-class benchmarking standards that redefine client processes.
Pricing Flexibility
Our outsourcing pricing models are the best in the industry, allowing insurers across, size and requirement, to engage on industry best commercial terms.
Partnership Approach
Cogneesol’s outsourcing services are marked by swift transition and business-as-usual state, continuous learning and training, reflecting partnership-like commitment.
Why Choose Us?
Serving insurance clients spread across the globe since 2009, Cogneesol has made a veritable name for itself in the world of insurance outsourcing solutions. Our recognition as a Major Contender in Everest Group’s P&C Insurance BPS PEAK Matrix ® Assessment Report 2022 is testimony to our delivery excellence and client-centricity.
We have created strong confidence in our wide-ranging insurance services that help clients tackle business disruptions, and enable them to enhance their competitive positioning. We achieve this with the help of our resource pool of highly qualified and experts of insurance domain professionals, our adoption of new-age technologies, our world-class infrastructure and connectivity networks.
Choose from our wide-ranging core and non-core insurance solutions to give your organization the power of innovation and optimization.
