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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

  • 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
  • Policy Issuance Services
  • Record Payment details
  • Invoice Data Entry Services
  • Insurance Policy checking services
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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
  • 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

  • Billing of Premium Balance Services
  • Document (Invoice Cycle) Management
  • Accounts Payable Services
  • Accounts Receivable Services
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Cogneesol offers unmatched outsourcing options for life and annuity, retirement, property & casualty insurers worldwide, providing you with the resources of diverse experience in the insurance sector.

Reach out to us today to find out more on how our insurance bpo services can assist you to cut down overhead costs, improve cash flow, augment processing speed and improve service to your customers.

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WE SUPPORT MULTIPLE INSURANCE SOFTWARE

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

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 8 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.

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US: +1 646-688-2821 Canada: +1 905-487-8562 UK: +44 203-371-7486 Australia: +61 286-078-983

What People Are Saying About Cogneesol

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