17
March, 2017
tips-for-successful

Outsourcing is often conceived negatively by the insurance organizations, who link it with downsizing. But for small scale or medium sized insurance enterprises, it offers cost-effective growth options. Outsourcing helps in giving priority to the more important tasks of the insurance organization. It also helps in saving the costs incurred on infrastructure and manpower. It offers unique advantages like quick turnaround time.But ensuring the success of Insurance Process Outsourcing is not a simple process. In order to select the right…

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15
March, 2017
Introducing key factors in insurance policy administration system

Spending money on the appropriate insurance policy management software for your insurance firm is a big decision. Prior to making any kind of rushed choice, take into account all the key elements first. Your policy administration system could possibly be with you for quite some time to; therefore you should make sure it is proficient at completing the tasks in the manner preferred. What are the Features? For anyone who is in search of insurance policy administration system, you should…

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8
November, 2016
Commissions Management Services

Commission management services are of great importance for an insurance firm. They include various functions like commissions data entry, payable commission for producers, commission systems enhancement and maintenance of applications etc. Despite being important, these functions are certainly not the core functions of an insurance organization. In the current scenario, the insurance firms are looking for every possible opportunity to reduce their operational expenses and maximize their profits. Opting for commission’s management outsourcing services is one of the steps which…

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3
November, 2016
claims management outsourcing services

Insurance claims management is an important process in insurance firms. It helps in settling claims, detecting frauds, avoiding the necessity for litigation etc. The insurance companies are facing a lot of competition from their rivals and are trying their best to reduce their operational costs. In such a scenario, hiring the insurance claims management outsourcing services can prove to be a great option for insurance firms looking to concentrate on their core tasks. The various advantages of hiring claims management…

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28
October, 2016
insurance policy management services

Policy management is an important function in any insurance enterprise. It involves various important processes like policy renewal services, filings with the state government websites, order loss runs, coordinating with finance companies on premium finance agreements, policy issuance services, insurance endorsements, policy maintenance and administration services, policy cancellation and reinstatements services, management of resources, licensing etc. Without the completion of these processes in a professional manner, an insurance business cannot progress. There are basically two ways of handling the insurance…

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25
October, 2016
insurance claims management

In the present competitive business environment insurance companies are facing a variety of challenges. The ever-changing government regulations and the enhanced expectations from clients are keeping the insurance companies on their toes. Following the right insurance claims management strategy is one of the ways of enhancing the efficiency of insurance firms. This can help in reducing costs and eliminating frauds while ensuring the happiness of clients. The various benefits of insurance claims management has been discussed below briefly: Aids in…

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1
August, 2016
Insurance Back Office Outsourcing

In the contemporary business scenario, there is cut throat competition among numerous commercial enterprises.Every business enterprise is looking for new ingenious ideas to optimize its business potential.The insurance sector is not an exception in this regard.The entrepreneurs and managers in the insurance industry are channelizing their energies towards achieving these goals.Great emphasis is being laid on minimizing expenditure on non-productive activities.In the insurance arena, the fundamental activities are inventing new schemes, launching new competitive products and making plans for capturing…

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7
April, 2016
Outsourcing Insurance Claims processing

The insurance industry like all other service oriented sectors depends a lot on customer service and credibility for business growth and development. An iota of deviation can have disastrous consequences for the company. A person who insures his life does so on good faith and understanding that premium paid over time is in very safe hands and that any claims made by him if he is alive or nominees if otherwise will be expeditiously settled without any problems. For insurance…

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23
February, 2016
Insurance Outsourcing Company

Outsourcing is the magic mantra in today’s business scenario and nowhere is it more relevant than the insurance sector. The reasons behind this are not too difficult to fathom. The total insurance business is a vast mix of various functions with most being supportive services propping up the core activities. The primary activities of this sector are devising new schemes with competitive pricing and strategies to increase market share. Other than these, all can be clubbed into back office functions…

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22
January, 2016
Insurance Outsourcing Process

There are many reasons why insurance outsourcing had taken off in a big way in the past decade or so, in fact from the mid-1990s to be precise. It was based on the need of the insurance sector to be competitive, cut costs to stay afloat and to offer schemes and policies that had attractive pricing. With the global recession of not so long ago hitting hard even major economies of the world, the insurance companies had no other option…

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