Insurance Policy Checking Services for NY-based Insurance Service Provider
Our client is a New York based risk insurance agency which specializes in both personal and commercial insurances. Till date, they have worked with more than 1000 different families, and more than 2000 large and small-scale business operations in the Tri-state area.
The Client's Requirement and Project Challenges
Since the number of customers the client was servicing grew exponentially, they faced heavy delays in insurance policy processing, checking, generating, COI's, and updating the same within the Agency Management System. As a result, they we facing unsatisfied customers as well as overtaxed employees on a daily basis.
The client approached Outsource2india with their immediate requirement to handle all their back-office insurance processes based upon our track record and our ability to handle project of varying sizes. They required someone who could provide cost-effective solutions without hampering overall productivity, and in O2I, they found the perfect foil for their aspirations.
The O2I Solution
Our project managers identified the bottlenecks within the client's existing processes and suggested the following expert solution -
- An executive team of insurance experts was created to execute all the back-office requirements on a daily basis
- The team also comprised of professionals who would ensures completeness and correctness of each policy document
- We set up a cost-effective and productive claims standardization process which could deal better with larger influx of customers as compared to the existing processes
O2I's attention to detail and our ability to turn the tide for our clients helped achieve the following results -
- The standardized process helped the client gain exceptional customer satisfaction numbers
- The client also achieved improved efficiencies owing to drastically shortened claims processing cycles
- Significant cost reductions for the entire claims processing lifecycle
- Enhanced employee productivity and better satisfaction amongst the ranks
- Superior policy tracking, fraud detection and the ability to instantly track a re-insurers' recoverable
Overall, the client was able to save more than 22% in costs after choosing Outsource2india as their partner
Choose Outsource2india for Insurance Back Office Support
At O2I, we believe in delivering the highest quality insurance back office support at the most cost-effective rates. We have built a team of insurance professionals not only knowledgeable in the US and UK insurance system, but also adept at handling even the toughest challenges with ease.
Contact us right away and outsource all your insurance requirements to us!