Policy Management Services
Cogneesol's policy management services cover a broad range of insurance divisions through the comprehensive insurance policy administration services that we provide. We help customers save money and time through the delivery of end-to-end solutions that are quite simple because we have gained expertise and experience by serving the global market for several years.
You can concentrate on creating value for your organization through tasks such as pricing, management, actuarial activity, underwriting, and strategy, while we establish a solid platform and remove the processing burden for you.
Our Policy Management Services
- History of policy accounting - see all the operations carried out on the policy
- Endorsement, rewriting, renewal, reinstatement, and cancellation of insurance policies
- Policy issuance services
- Licensing and resource management
- See policies set for cancellation
- Preparation of quotes
- Exchange of data
- Requests for loss runs
- Checking of policies
- Generation of proposals
Our Key Differentiators
Our policy management solutions help insurers save time for the launch of new products in the market through a reduced life cycle.
We provide you with an easily configurable policy management system that is future proof and always ready to meet your specific needs.
Our team understands the evolving customer needs in-depth through a decision support system that is effective in the practical terms.
It does not matter how your requirements change with time, our flexible and scalable apps can meet your future requirements efficiently.
Lowered cost of maintenance and more asset utilization for increased efficiency of operations are assured with our outsourcing services.
The Technical Edge
We incorporate the use of the latest and advanced technology for the utilization of our global experience for better IT-business alignment.
Who We Serve
Car / Business Auto
Property & Casualty
D&O (Director & Office)
Professional / Personal Liability
Sexual abuse Liability
Our Promise in Policy Management Services
The challenges that insurers face include finding unique ways to retain brokers and customers; taking advantage, in an agile market, of new distribution challenges; and not increasing premiums while reducing costs.
Many carriers find it difficult to create and distribute new offerings, benefit from new distribution and communication channels and manage costs because of the legacy IT systems that they have. Their bottom lines and top lines are both affected on account of that. We promise to eliminate such challenges for insurers by taking their workload burden of managing back-office processes and enabling them to focus on core competencies instead.
We never aim for a 9/10 score when it comes to providing quality services and overall customer satisfaction but a score of 10/10.
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.
Insurers’ Priorities to Overcome ‘New-World’ ChallengesRead More
A US-Based Insurance Company Case Study about Claims ManagementRead More
Role of BPO in the Insurance Industry: Experts OpinionRead More
A US-Based Insurer Case Study about Policy AdministrationRead More
All Case StudiesRead More
Insurance BPO: The New Imperative for Insurance CompaniesRead 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.
Policy management process would devour our quality time. We needed a good service provider who not only understood the insurance domain but also had the resources to help a growing business. Cogneesol turned out to be the perfect partner – they handle our end-to-end policy operations, give us performance reports every month end and have given us the bandwidth to take on strategy matters.
Our customer service statistics have improved drastically from the time Cogneesol took over the complete policy management function of our agency. There are no more delays and unnecessary time lags. Customers get their documents and policy processed within agreed timelines without any hassle. This has given us a tremendous goodwill.
Cogneesol brought in huge savings by streamlining our policy management function and driving productivity. We are now using the example set in other functions as well. As a leaner and lighter organization, we have become nimble-footed and now have the freedom to expand our business and product lines. Cogneesol, Thank You!