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When it comes to an insurance carrier receiving new business setup information directly from the client, the problems in obtaining this information accurately can be endless in the beginning. From not receiving accurate exposure information such as payroll and employee counts for worker's compensation policies, to blank building information and inaccurate figures for total business personal property; things can quickly begin to consume large amounts of time for the carrier.
Trying to reach back out to the client and get the correct or additional information and at the same time, provide the client with an accurate and competitive quote, can seem overbearing. Some of the difficulties may not stop there. When a carrier has a busy client sending in pieces of additional information, there could be a lot of waiting around.
Insurance Back-office Support
Who Will Benefit from Flatworlds Insurance Back-office Support - Flatworld Solutions
Insurance Companies, Agencies, Carriers, and MGAs across US, UK, Canada, and North America have benefitted from Flatworld Solutions’ Insurance BPO services by improving their business bottom line and cutting down on the costs.
We here at Flatworld Solutions have come up with a resolution to these very common carrier-client issues. We can streamline this process for an insurance carrier and handle the information collection from the client and prepare an insurance quote on the carrier's behalf; including entering in client data into the quoting software. This will assist a carrier in setting up new business much more efficiently.
New Business Setup Services We Offer
Receiving quote request from the clients
Data entry to the quoting tool
Sending the quote or no quote to the clients
Setting up new customers in the system
Receiving and indexing documents for easy retrieval, when required
Insurance Software we use
Streamlined Process for Setting up a New Business
If any insurance business setup company has served diverse client requirements for a decade or so, it signifies that the business is doing something profoundly correct. We have been in the business for 16 years and are seasoned office solutions experts specializing in business setup for insurance carriers and insurance agencies, and tote a proven track record of streamlining the sometimes mundane insurance business startup process. To date, Flatworld Solutions has setup offices around 20 cities around the globe and are constantly growing into new cities.
Our infrastructure allows us to set up new business accounts for the carriers efficiently, allowing them to save much needed time. No matter how many request the carrier has for starting a new business, our methods are designed to handle large amounts of data entry and quoting with great accuracy. With our state of the art business model, our company ethics and the value we put on cyber security, we are fully equipped to handle and process any new business sensitive insurance data.
Benefits of Outsourcing New Business Setup to Us
Flatworld Solutions networks with insurance carriers from all over the world in places such as Spain, Brazil, US, Canada, Australia, UK and Ireland just to name a few. We help them become more efficient in the handling of new business setups. The amount of time we save for carriers to get back, can be refocused to other "next step processes" such as getting the client welcome packs out the door and on the client's doorstep.
We understand how important it is to get these packages to the carrier's clients with a quick and efficient turnaround. Helping our carriers focus on other needed tasks, helps them leave an amazing first impression with a new client as the two embark on a promising and long-term relationship together.
Outsourcing Benefits Recapped
Save time by not having to track down missing information from clients
Enjoy a smooth running, cost efficient system that allows you to use it often
Get new business processed and in the system much faster
Help clients' get their welcome packages out to their clients faster
Make a huge first impression on a new client
Hire Us for New Business
It is never fun for a carrier to receive a new business package from a client, only to page through it for processing, as in most cases there will be some vital information missing. The application could say four locations, but only two addresses would be provided. The 'year the primary building was built' would say 9999, and the VIN numbers for each vehicle would miss entirely.
It is items like these that will need someone like Flatworld Solutions to go and collect. This will mean less incomplete new business folders piling up on the underwriter's desk. When a carrier hires Flatworld Solutions, we handle all the backend processes and will deliver complete information each time, the first time!