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OVERVIEW – INSURANCE OUTSOURCING SERVICES

Without a question, the insurance industry is being gravely tested now-a-days. The market dynamics are compelling insurers to incorporate new levels of customization to deal with increasing customer demands. Concurrently, cutting down time-to-market for latest products and ascertaining first-class customer experience has become mandatory. Insurers are trying to enhance their insurance company business processes while enthusiastically exploring customer intelligence as well as innovative analytics to attract profitability. Additionally, there are at all times varying regulatory necessities, insufficient skilled manpower and decreasing margins to cope with.

We at Cogneesol offer insurance back-office outsourcing services and solutions to insurance agents, brokers, MGA’s, agencies, insurance wholesalers and carriers across the globe. Our insurance process outsourcing services can help you put together a foundation not just for effectual change, however for long-term high performance. Consider us as your support team that looks after all the day-to-day and time-intensive tasks, so your in-house team can pay attention to other core activities. Our team can fulfill the international standards of the insurance BPO industry while providing an unparalleled combination of experience, competence and the appropriate technology required.

OUR INSURANCE BACK OFFICE SERVICES

NEW BUSINESS SERVICES

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POLICY MANAGEMENT SERVICES

  • Policy Renewal Services
  • Policy Checking 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
  • Policy Maintenance and Administration Services
  • Policy Cancellation and Reinstatements Services
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COMMISSIONS MANAGEMENT SERVICES

  • Commissions Data Entry
  • Payable Commission for Producers
  • Commission Systems Enhancement and Maintenance of Applications
  • Commissions Accounting Services
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INSURANCE REPORTING

  • Agent Commission Detail Reports
  • Accounting and Finance Reports
  • Customized Reporting
  • Active Policy Listing
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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
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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
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INSURANCE ACCOUNTING

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Cogneesol offers virtual insurance services and outsourcing options for auto, life and annuity, retirement, property & casualty (P&C), health insurance agencies worldwide, providing you with the resources having vast experience in this industry. Reach out to us today to find out more on how our insurance BPO services can assist you in cutting down your overhead costs, improving the cash flow, augmenting processing speed and improving service to your customers.

WE SUPPORT MULTIPLE INSURANCE SOFTWARE

  • VertaFore Agency Management Software
  • NexSure Software
  • Aspire Agency Administration Software
  • Insurance Pro Software
  • HawkSoft Software
  • Agency Matrix Industry Software
  • Applied Software
  • Newton Software
  • Agency Software Inc.
Software’s used by Insurance Back-Office Team at Cogneesol

OUR KEY DIFFERENTIATORS

  • Access to experts & subject matter specialists in insurance back-office & other high-value processes.

  • We help reduce time-to-market for new products and guarantee first-class customer experience.

  • As a technology enabler we provide virtual insurance assistants, who work with best-in-class technology available.

  • Providing the maximum levels of client satisfaction is our key driver. We ensure you get the best.

  • We realize different businesses have distinct requirements — there isn't “one size fits all” approach.

Our Business Lines

  • Car/ Auto

    Car / Business Auto

  • Property & Casualty

    Property & Casualty

  • General Liability

    General Liability

  • Inland Marine

    Inland Marine

  • D&O (Director & Office)

    D&O (Director & Office)

  • Liquor Liability

    Liquor Liability

  • Professional Liability

    Professional / Personal Liability

  • Sexual abuse Liability

    Sexual abuse Liability

  • Umbrella

    Umbrella

  • Package

    Package

  • Employee Benefit

    Employee Benefit

  • Workers Compensation

    Workers Compensation

OUR EXPERIENCE IN INSURANCE SERVICES

Cogneesol is reckoned by a lot of industry analysts, third-party consultants and insurance companies themselves as one of the leading insurance process outsourcing companies worldwide. Since 9 years, our in-house team of insurance back-office experts has been helping a multitude of world's leading insurance wholesalers, agencies, brokers as well as companies in achieving high performance through outsourcing.

We have the testified capacity to take control of an insurer's non-core processes and, in a few months, be completely operational with cost reductions of 45-65%. We can accomplish that by virtue of our vast insurance domain expertise, our full-fledged software assets, and our refined transition and functioning methodologies.

We at Cogneesol are a leading insurance outsourcing service provider that support multiple software for insurance back-office or insurance agency management services, such as AgencyPro, Applied Epic, Nexsure, Vertafore Sagitta, Applied DORIS, AIM™—Agency Information Manager, Agency Matrix, ImageRight, TGA Rater, AMS360 and a lot more.

WHY OUTSOURCE INSURANCE SERVICES TO US?

  • Vast Industry Expertise
    Vast Industry Expertise

    We were raised in the insurance industry outsourcing, thus we speak your language – & understand how to assist you in streamlining & expanding your business.

  • Global Delivery Model
    Global Delivery Model

    We have insurers throughout the world that rely on us & our work. We are quite skilled & hence, our client base is expanding day-after-day.

  • Flexible Pricing Models
    Flexible Pricing Models

    Our pricing models are flexible in each and every way—from scope, rates to scale. We customize insurance outsourcing solutions to suit your requirements.

  • Support Multiple Software
    Support Multiple Software

    Our in-house team can efficiently handle your insurance back-office tasks using a vast range of industry-recognized software/CRM.

  • State-of-the-art Framework
    State-of-the-art Framework

    Experience constant innovation, the highest-possible productivity, and the ideal customer support when you outsource insurance services.

  • Data Security
    Data Security

    We respect the security and confidentiality of our clients' crucial data. When you outsource to Cogneesol, you don’t have to be concerned about this aspect.

  • Constant Administration
    Constant Administration

    Get hold of the administration support you require whenever issuing or processing new business. We are available 24*5.

  • Reduced Time-to-market
    Reduced Time-to-market

    Cogneesol's insurance back-office services can help insurers reduce time-to-market for the new products considerably.

Every Business Is Unique.
Find Out How We Can Help Yours.

  • Service and support beyond your expectations
  • Get your team to do what is core to your business
  • Customized solutions to suit your needs
  • Helping you improve efficiency and profitability
  • Our team is there to assist you 24x7
  • Delivery of projects within the agreed time-frame
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