The Certificate of Insurance (COI), a document issued by an insurance company or broker, is meant to be the document that proves the extent of insurance coverage. The details it contains, including details about the policyholder, the insurance company, coverage type, limits etc are proofs for ensuing business transactions and contracts. It serves to show...
From balancing administrative work with sales, finding new leads to getting renewals, and keeping up with technology —managing your insurance agency’s operations can be daunting. This is where AMS360 insurance agency management software comes into play. AMS360 is one of the popular insurance agency management software that can help you improve your agency’s processes, streamline...
It was in the late 1990s when organizations, including P&C insurance companies, sought innovative ways to improve their operational efficiency and reduce costs on account of increasing administrative burdens and intricate processes. Insurance companies began exploring the possibility of delegating non-core tasks to external service providers, and thus was born insurance outsourcing. We remember how...
The global insurance BPO market was valued at $7.9 billion in 2022 and is projected to reach $24.6 billion by 2032, growing at a CAGR of 12.3% from 2023 to 2032. —- Allied Market Research Strongly suggesting that the insurance BPO industry is expected to witness robust expansion over the next decade, this expected growth...
