Loss Run Processing Services
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. 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 15 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.
Our Loss Run Processing Services
- File loss run report requests or reminders to companies
- Extract loss run details for helping in the 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 the absence of loss runs
Our Key Differentiators
We, at Cogneesol, have a team of highly experienced and extensively skilled insurance professionals who ensure seamless processing of loss runs.
Maximum Global Reach
We have global insurance agencies that trust us and our flexible work. We are quite experienced, and thereby, our client base is increasing regularly.
Reduced Operating Costs
Our outsourcing solutions can help to save as much as 60% on the operating costs and also help in saving money on recruitment expenses.
Support Multiple Software
Our in-house team can proficiently manage your insurance operations using the latest and major industry-recognized insurance software.
Completely Secure Process
We sign non-disclosure agreements (NDAs) with our clients, and you can be certain that any information you provide us is totally secure.
Quick Turnaround Time
We manage the complete loss runs process in a well-timed manner and assist the insurance agencies to get to the underwriters’ desk a lot quicker.
Flexible Pricing Options
Our pricing plans are adaptable in every possible way—from scale, the cost to size. We tailor-make insurance solutions to meet your needs.
Who We Serve
Car / Business Auto
Property & Casualty
D&O (Director & Office)
Professional / Personal Liability
Sexual abuse Liability
Our Expertise in Loss Run Processing Services
Our team can easily get loss runs processed on any of the client’s software, instantly and correctly.
We help you in the 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 assist them in processing new businesses considerably faster and conceivably retain a lot more clients.
We help our clients navigate from where they are to where they aspire to be through our always-on learning agenda in the form of client stories and blogs highlighting latest industry trends.
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It is always a pleasure to learn that the work we do has positively impacted our clients and that they are happy to share their experiences.
Cogneesol’s insurance professionals do an excellent job of studying loss runs reports and preparing claims’ reports. Their in-depth and accurate analysis have helped us make judicious business decisions, increasing our profitability and reducing our risks. The team is a dedicated unit and provide us with the entire loss runs processing solutions.
What we like most about Cogneesol’s loss runs processing solutions is the quality of their work. They have assigned us a dedicated quality assurance professional for our scope of work. This has had a great impact on the overall delivery quality. We now get more at extremely reasonable price points. It has given us the muscle to expand our business.
Throughout the ongoing pandemic, Cogneesol has provided us with expert manpower to process increased volumes. They helped us scale overnight. Their dedicated service has been invaluable, especially during the stringent social distancing regulations. They worked remotely and have been available for all regular and adhoc requests. It has been an invaluable partnership.