End-to-end Insurance Outsourcing Services
In recent years, risk management has been undergoing a sea change owing to risks brought forth by the pandemic, human conflicts, and erratic weather behavior. These have necessitated the re-working of risk modelling by insurers, and in the re-imagining of their operating models. To combat these pressures, insurance outsourcing services provider has become a prime consideration for insurers around the world.
ISW has been at the forefront of the operations’ optimization movement enabling organizations to transform their operations by reducing costs, and increasing flexibility and profitability. Our insurance operations outsourcing services help drive efficiencies, profitability, and growth in operations by increasing processing productivity, increasing the speed of product launches, and enhancing customer experiences. At ISW, the overall aim is to harness the powers of human ingenuity and technological advancements to establish sustainable lean processes that strengthen the core of an organization, and provide it a sturdy pad to grow.
New Business and Underwriting Support
- Channel Support
- Quotes
- Premium Calculations
- Sales / Quotes acceptance & Conversion
- Actuarial Support
- Exposure Assessment
- Underwriting Support
- Verification / Validation
- Fulfilment
- 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
Broking Services
- Prospect Profiling
- Placement and Submission Support
- Invoicing
- Policy Administration
- Prospect Profiling
- Placement and Submission Support
- Invoicing
- Policy Administration
Claims Management
- Claim Setup
- Liability assessment
- Adjudication
- Supply chain management
- Subrogation and Recoveries
- Claim Settlement
- Claims Audit
- Reserving
- Personal Injury claims
- Fraud Checks
- 3rd Party Payments
- Debt management
Legal Services
- Personal Injury Claims Processing & Litigation Support
- Regulatory Research
- Contract Management & Corporate Legal Services
- Company Secretarial Services
- Research Support
- Legal Transcriptions
Insurance Accounting
- Accounts Payable
- Accounts Receivable
- Financial Reporting
- Regulatory Reporting
- Payroll Processing
- Treasury
- Capital Management
- General Ledger
- Financial Planning and Analysis
- Asset Management
- Commissions Management
- Policy Holder Accounting
- Investment Reporting
- Tax Preparation
Insurance Analytics
- Distribution Analytics
- Product Performance
- Marketing Analytics
- Claims Analytics Reserving
- Underwriting Analytics
- CAT Modelling Pricing
Certificate of Insurance
- Processing COI
- COI Management
- COI Validation
- Renewal Requests and Compliance Reporting
- Revise Certificates After Renewals
Optimize Your Business Growth by Hiring a Team of Experienced Professionals
Why Choose ISW for Insurance Outsourcing Services ?
ISW drives business optimization and transformation with its best-in-class insurance outsourcing services. Our deep domain expertise has been gained over the course of partnering with clients across a wide range of insurance support outsourcing services for more than a decade. We are a platform-agnostic, data-driven outsourcing company with proven experience in service delivery and process transformation.
Our wide range of insurance BPO services include claims management, policy administration, underwriting support, insurance accounting, analytics, and legal support. Our insurance outsourcing services have improved channels leading to increased customer adoption, enhanced customer experiences aiding in cross-selling and new upselling, harnessed data to help client teams take better business decisions.
With client context and purpose at its core, ISW partners with insurers in their journey to transform, strengthen and lead.
Who we serve
Carriers
Helping insurance carriers gain a competitive advantage in the marketplace with our proven customized insurance outsourcing solutions.
MGAs
Enabling MGAs build capabilities on specialized businesses and risks with our deep domain expertise and data-driven insights.
Wholesalers
Powering insurance wholesalers sharpen their areas of specialty and be more dynamic with our best-in-class insurance outsourcing services.
Retail Brokers
Partnering with insurance retail brokers to widen their market share by improving their customer experiences with our proven insurance outsourcing services.
Testimonials
Latest Blogs
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