Revamping P&C Insurance with Digital Transformation
P&C insurance outsourcing has been playing a big role in offering seamless P&C insurance support to the operations of insurers, both big and small. The alarming increase in natural disasters, fast-paced digital advancements with respect to artificial intelligence (AI), machine learning (ML), internet of things (IoT), robotic process automation (RPAs) etc, changing consumer expectations, and evolving regulatory compliances require P&C insurers to manage financial losses from catastrophic events on one hand, while adopting to digital technologies, meeting evolving customer demands, and staying compliant with complex regulations on the other.
Insurance Support World, a leading p&c insurance support provider, has been helping insurers adapt to the complex environment for more than fifteen years with full-suite P&C insurance outsourcing solutions. We help our clients provide effective and comprehensive coverage and services to their customers, increase their own competitive edge, and build agility to thrive in an ever-evolving dynamic marketplace.
Our P&C Insurance Service
New Business and Underwriting Support
- Channel Support
- Quotes
- Premium Calculations
- Sales / Quotes acceptance & Conversion
- Actuarial Support
- Exposure Assessment
- Underwriting Support
- Verification / Validation
- Fulfilment
- Premium Calculation
- 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
Claims Management
- Claim Set-up
- Investigation / examination
- Review & assessment
- Reserving
- Supplier Support
- Excess / Deductible Management
- Settlements
- 3rd Party Claims
- Bodily Injury claims
- Recoveries & Subrogation
- Fraud Checks
- Claim Finalization
- Closed Claim audit
- 3rd Party Payments
- Debt management
Legal Support
- Contracting Services
- Regulatory Research
- Compliance Support
- Counsel Support
- Paralegal Support
- Document Management
- Case Management
- Corporate Filings
- State Filings
- Subpoenas
- State Filings
- Medical Record Summarization
- Subrogation
- Analytics
Insurance Accounting
- Bookkeeping
- Investment Accounting
- Payroll Services
- Reconciliation Services
- Statutory and State Reporting and Filings
- Financial Reporting
- Management Reporting
- Group Reporting
- Accounts Payable
- Accounts Receivables
- Financial Planning and Analysis
- Reporting
Sales and Marketing
- Campaign Management
- Segmentation
- Customer Acquisition
- Retention
- Cross selling and Up Selling
- Agency Compensation
- Channel Analytics
Underwriting
- Pricing Analytics
- Broker Analytics
- Agency Analytics
- Lead Scoring
- Geospatial
- Predictive Risk Scoring
- Conversion Analytics
- Credit Control Optimisation
- Renewal Propensity Analysis
- Retention Rate Analysis
- ROI Trend
Claims
- Fraud Management
- Expense Management
- Supply Chain Analytics
- Subrogation
- Reserving
- Claims Predictive Modelling
Pricing
- Loss Modelling
- Competitor Analysis
- Pricing Analytics
Operations
- Resource Planning
- Staff Optimisation
- Forecasting
- KPI Analytics
BI and Visualisation
- Data Governance Strategy
- Development
- Self Service Reporting Services
- SQL Server Integration Services ( SSIS)
- SQL Server Analysis Services (SSAS)
- ETL (OLAP & OLTP)
- Insight Generation
- CXO Reporting Services
- Reporting Rationalisation
- Root Cause Analysis
- Plan/actual Comparison
Optimize Your Business Growth by Hiring a Team of Experienced Professionals
Why Choose ISW for P&C Insurance Outsourcing Services
ISW’s property & casualty insurance solutions have a track record of enhancing operational efficiency of client processes thereby saving them time and optimizing their resources, reducing risks, and delivering exceptional customer experiences.
At ISW, we are dedicated to:
Ensuring delivery excellence through dependable and consistent straight through processing insurance solutions
Emphasizing transparency and accountability throughout the collaboration
Being the insurance technology providers of choice to our clients to meet evolving market requirements
Establishing scalability and preparedness for the future
Our Value Proposition
Our professionally qualified talent pool help P&C insurance carriers drive process optimization within a short period thereby delivering quick positive business outcomes.
Every organization is unique. We recognize this, and tailor-make our P&C insurance solutions to help our clients provide bespoke solutions to their customers.
ISW’s P&C insurance digital transformation offerings are helping insurance organizations bridge the digital gap and design best-in-class products for the market.
Our P&C insurance solutions are competitively priced. We build solutions that fit both your budgetary considerations, and your operational requirements .
Property & Casualty Insurance Solutions
Our property & casualty insurance outsourcing solutions are playing a crucial role in driving the digital transformation goals of our clients. We:
Leverage RPAs for repetitive and rule-based tasks, such as data entry and claims processing
Use data analytics, including predictive modelling and data mining, for data insights
Help detect fraud, and enhance risk assessment with our AI and ML models
Offer cloud-based solutions for scalability, flexibility, and cost-effective data storage
Leverage digital channels to enhance customer experience
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Insurance Support World aims to be the partner-of-choice for P&C insurers worldwide.
We play a significant role in helping P&C insurance companies mitigate the challenges faced by the property and casualty insurance industry through our comprehensive range of services including claims management, risk assessment, customer service, technology integration, compliance management, and cost optimization. By partnering with ISW, P&C insurers can enhance operational effectiveness, improve customer satisfaction, and achieve better overall business outcomes.
Outsource your P&C processes to ISW for:
Assess risks accurately, and optimize processes
Mitigate losses and expedite settlements
Prompt and personalized customer support
Increase productivity and navigate complex compliance challenges effectively
