Every now and then, insurance agencies across the globe are busy trying to obtain loss runs, possibly to cater to requests for renewals or for fresh insurance applications. Time has a crucial part to play in the overall process of getting loss runs. There exists a substantial threat for agencies to be barred by the underwriter in case the loss run reports are not provided to them in a timely manner, since there may be chances that an another agency may have obtained them and this could prove detrimental for the agency. The most optimal way to get loss run reports in a timely manner is to opt for outsourcing the complete process to an external company.
We at Cogneesol have more than 9 years of experience in helping global insurance agencies as well as brokers’ process the loss run reports, promptly and effortlessly. We work hand-in-hand with the insurance carriers in lieu of the potential customers or existing agencies, which assists us in processing loss run requests on time. With accurate and detailed template-based requests and direct communication with all the insurance companies, we assure correct reports to help you drive maximum sales and keep ahead of your competition.
File loss run report requests or reminders to companies
Extract loss run details for helping in renewal of policies
Receive and analyze reports
Study loss runs and prepare claims reports
Submit claims reports during non-availability of reports
Inform underwriters regarding absence of loss runs
Outsource loss run processing services to Cogneesol and have your reports validated and followed up for any type of inadequate information. To start your free trial, fill the form on the right:
Our team at Cogneesol is aware that even when a client carries a clean loss history, the report ought to be produced, anyhow, and substantiated to recognize the possible chances of a claim getting filed in the near future. We likewise know that even though the request may arrive right in the midst of an insurance policy term, or perhaps it may be a new client on the lookout for a different insurance company, the report has to be generated.
Our team can easily get loss runs processed on any of the client’s software, instantly and correctly. We help you in identification of data that is not accurate and claims that are void, making it easier for you to notify your customer on aspects impacting their insurance premium. Our team can assist you with a comprehensive analysis of every policyholder’s loss run report, facilitating them in determining the best way to save on premiums.
In the instance of major loss reports, which are generally brimming with details, we help you arrange the data in an organized manner. Our solution for insurers can assist them in processing new businesses considerably faster, and conceivably retain a lot more clients.
Our 4 year partnership with Cogneesol has enabled us to expand our insurance operations, considerably boosting our productivity. The inclusion of quality staff gives the flexibility to address the fast-changing business dynamics. Highly recommended to everyone looking for a reliable outsourcing company.
It is a great pleasure to work with team Cogneesol, not just on account of their diligence in handling a large number of loss runs requests on our behalf, but also the time they take out to educate me on a number of opportunities accessible to us to augment our operations while staying cost-effective.
Through Cogneesol, we have found the perfect team for the right position. They quickly learn the client requirements as well as the industry, which sets them apart from the competitors. Their insurance back-office team has fulfilled all of my needs and I see them as a valuable partner for our long-term expansion needs.