Fueling Start-ups for Takeoff
We bring full suite insurance back-office solutions to help new insurers or new business units kick-start their operations.

New Business Services

Costs often go out of control for carriers due to inordinately long lead times for underwriting. Because of that, underwriters are busy with correcting discrepancies in submitted applications rather than getting new business quickly on the books. They spend valuable time in recollecting data from applicants or agents.

Cogneesol helps its clients improve their new business operations, through a distinctive approach for underwriting and new business, based on our commitment to excellence in processes. We assist companies with solutions for business processes including services for underwriting support, the gathering of requirements, policy management, data entry, and indexing and imaging of applications.

New Business Services

"Cogneesol’s back-office solutions gave us a head start that define our success now!"

- An Insurance Agency, Bristol, England

Our Services for New Businesses

New Business and Underwriting Support

  • 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 Administration

  • 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

Claims Management

  • 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

Insurance Accounting

  • 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

Insurance Analytics

  • Distribution Analytics
  • Marketing Analytics
  • Underwriting Analytics
  • Product Performance
  • Claims Analytics Reserving
  • CAT Modelling Pricing

BI and Visualisation

  • 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.
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Our Key Differentiators

Our Promise in New Business Services

We promise to provide robust and dynamic strategies to help you boost your new insurance business and obtain desired outcomes.

We will do the groundwork for senior underwriters to focus only on cases that need their expertise. We will help streamline the whole process of application, remove redundancies, and provide quicker approvals of applications. When we provide our back-office services to new businesses, we have the sole aim of making them not only stand but succeed in the highly competitive insurance industry.

We do not measure our success in terms of profits but the success which our clients achieve through our collaborative efforts.

Client Testimonials

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.

Get in Touch With Us

We look forward to building long-term relationships with our clients through our customized insurance solutions that will make processes agile and cost-efficient. Have specific questions, or want a guided tour of our services? Get in touch with us!

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