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.

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Our P&C Insurance Services

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
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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
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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
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Insurance Analytics
  • Distribution Analytics
  • Product Performance
  • Marketing Analytics
  • Claims Analytics Reserving
  • Underwriting Analytics
  • CAT Modelling Pricing
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

P&C Insurance Outsourcing Services

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

Outsourcing Experts

Our professionally qualified talent pool help P&C insurance carriers drive process optimization within a short period thereby delivering quick positive business outcomes.

commission plans

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.

software tools

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.

software tools

Our P&C insurance solutions are competitively priced. We build solutions that fit both your budgetary considerations, and your operational requirements .

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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
Property & Casualty Insurance Solutions

Testimonials

The ISW insurance accounting services team have been instrumental in helping us manage our insurance accounting processes with accuracy and consistency. Their complete understanding of insurance-specific accounting principles, rules, and regulations, and their attention to detail have been impeccable. We are pleased to see a sizable improvement in our financial reporting accuracy since we began our partnership, and highly recommend their services to any insurance company who are seeking reliable and efficient accounting support
Independent Insurance Agent, Columbia, Maryland
Ever since we began our professional relationship with ISW, our financial operations have become far more efficient and leaner. Their team not only understands the industry-specific challenges of the insurance industry, but also execute customised solutions for our organization. They have led us to significant optimization of costs, resources and time, allowing us to focus on our core business and client services. Their professionalism has made them our trusted partners
P&C Insurance Company, San Antonio, Texas
We have been partners with ISW for several years now, and couldn't be happier with their services. Their team is punctual, responsive, efficient, constantly adapting to our requirements, and going above and beyond to meet our needs. While helping us navigate complex insurance regulations, they have provided valuable insights that have made our processes highly efficient, increased cost-optimization, and made effective use of our resources. We highly recommend their services!
Insurance Carrier, Heathrow, Florida

Latest Blogs

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AI in Insurance – A Revolution in the Making
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AI in Insurance – A Revolution in the Making
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A Complete Guide to Insurance Back Office Operations
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Automated Insurance Underwriting: Empowering Insurtech for Scalability
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Automated Insurance Underwriting: Empowering Insurtech for Scalability
Automated insurance underwriting is the process where robotic process automation (RPA) and artificial intelligence (AI) software underwrites the risk of potential clients. — Insider Intelligence It assesses and evaluates insurance applications and determines the associated risk. The significance of automated insurance underwriting is increasing for its transformative impact on efficiency and risk assessment. As it...

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
Contact Us
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