Insurance Policy Issuance Services
Insurance policies consist of crucial information like declarations, definitions, coverages, exclusions, conditions, and a lot more. Making sure that every detail is accurate is often an exceedingly cumbersome and time-consuming task. We, at Cogneesol, have over 15 years of experience in assisting insurance carriers/wholesalers in streamlining and standardizing their policy issuance processes.
Our determination to strengthen the underwriting process has enabled our clients to issue clean and unambiguous insurance policies and augment their credibility as an exceptionally professional insurance company. We have helped our clients issue thousands of insurance policies every year.
Our Insurance Policy Issuance Solutions
- Reviewing all the insurance policy paperwork and validating the details
- Generating the final insurance policy depending on inputs from the underwriter
- Informing the underwriters regarding the details that are missing or are inaccurate
- Entering the data to create a policy setup document
- Verification of the customer details and additional information mentioned in the policy
- Arranging, listing, and organizing digitalized pages in software program based on the work queue
Our Insurance Policy Issuance Process
Our Key Differentiators
We were raised in the insurance sector, hence we speak your language day in and day out and know how to help you in streamlining your business processes.
Our internal operations follow an efficient process to issue policies that are error-free and reliable. Outsource policy issuance to experience the same.
Less Cycle Time
Outsourcing insurance policy issuance services to Cogneesol can help our clients in shortening the policy’s cycle time, rendering better solutions.
Our in-house team can proficiently work on all the major industry-recognized insurance software programs to generate accurate final policies.
Experience continual innovation, the highest possible efficiency, and the exemplary customer service when you outsource policy issuance to us.
We adhere to the security and privacy of our clients' data. Whenever you outsource to Cogneesol, you won’t end up being worried about this aspect.
Obtain the customer support and service you need any time issuing or processing new business. Our team is available round-the-clock to address your concerns.
The pricing plans of Cogneesol are flexible in every way- from the scope, prices to scale. We customize our offerings as per your requirements.
Our Promise in Insurance Policy Issuance Services
Our policy issuance process adheres to the complete cycle of generating a comprehensive insurance policy document i.e. from reviewing the documents, to ensuring right data entry, to producing the final policy.
With the help of our staff, client underwriters are noticeably less occupied with the issuance process, so as to pay attention to their primary underwriting tasks. Our team plays a crucial role in streamlining and standardizing documentation as well as reporting, and make use of advanced database tools and programs to automate issuance functions, contributing to reduced turnaround times.
We team up with the insurance carrier's underwriter to make sure that all submitted details are complete and true. Our specialized competence and eye for detail will ascertain that the issued policy is free from errors, which is then sent to your underwriter so they can forward it to your agents, to hand-over to the insured. Our insurance policy issuance team has worked with several insurance carriers/wholesalers, spread across countries like the US, UK, Australia, New Zealand, Singapore, Dubai, etc.
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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A US-Based Insurance Company Case Study about Claims ManagementRead More
Accounting Practices for Property and Casualty Insurance CompaniesRead More
A US-Based Insurer Case Study about Policy AdministrationRead More
All Case StudiesRead More
Innovating and Evolving – How Insurers are Beating DisruptionsRead More
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 has been issuing policies for us for over eight years in all. Our policy issuance operations suffered from bad quality of policy reviews, time consuming issuances. Cogneesol came in with deep experience in the industry and immediately set out to set right the operations. For the last eight years, we have been reaping the benefits of error-free and timely operations.
The insurance professionals of Cogneesol work on a wide range of policy issuance software that eliminate errors and process bottlenecks. Owing to their tech-enabled issuance solutions, we have been able to save time and resources significantly. This has brought us a lot of goodwill in the market. We are now perceived as leaders in the mid-tier level. We owe much of this to Cogneesol. Thank You, Team!
Customer verification took a great deal of time at our end, until we took the services of Cogneesol. They brought in technology for self-declaration of details. This reduced the overall TAT by leaps and bounds and led to increased customer satisfaction. The process efficiencies brought in by Cogneesol have resulted in huge cost savings.