Insurance Policy Checking Services
Insurance agencies will always have numerous critical tasks and verification processes to carry out. Right from receiving hundreds of new applications from their agents and several renewal applications from clients to following up with the agents and clients for all the missing information, which consumes a lot of time. By outsourcing insurance policy checking services to an experienced service provider, these companies can save a considerable amount of time and money. The time left can be invested in improving other core business competencies.
Flatworld Solutions has been providing quality insurance policy checking services and insurance policy administration services to global clients. We understand that insurance agencies have numerous, important operational tasks, which have to be performed on a day-to-day basis. We carry out such duties of insurance policy checking for worker's compensation policies, business owner's policies, and we even perform life insurance policy checking. We will identify inaccuracies and follow up on getting all the missing data on behalf of the agency, thereby saving enormous time, efforts, and not to mention, the costs as well.
Why Choose Us
Insurance Policy Checking & Policy Administration Services We Offer
When a global outsourcing services provider assists insurance agencies for 19 years, the provider becomes a reliable outsourcing partner, promptly helping insurance companies in need of innovative business solutions. This is exactly what we do at Flatworld Solutions. Apart from serving the needs of insurance carriers, we have also helped insurance agencies with accurate and quick insurance policy checking services. Some of the key services we offer include -
- Reviewing customer documents and checking for missing/incomplete information
- Submit findings to underwriters in case of any missing or incomplete information
- Entering/verifying customer and policy details
- Checking the policy status
- Filling out other details required to generate the policy document
- Generating the final policy based on underwriter's input
- Accepting any kind adjustment requests from clients
- Analyzing the changes requested by the client
- Evaluating the changes suggested by the client
- Checking if the change request will affect the policy premium
- Issuing insurance certificates
- Generating quotes
- Verification of the details in the Quote, Proposal, and Policy
- Requesting loss runs
- Reviewing policy accounting history
Policy Insights - Cutting-Edge Automation to Conquer Seasonality and Boost Speed
Transform your policy-checking process and make backlogs a thing of the past with our Policy Insights - a tech-enabled platform. This seamless integration of automation technology and experienced insurance professionals is designed to automate policy checking and post-bind delivery process. With proven technical expertise and millions of policies checked, our Policy Insights is tailored to recommend the right check for each policy.
The platform offers a strategic post-bind advantage, enabling you to review and coordinate policies faster. You can get actionable insights that detect risk hotspots and drive profits. Our automation-powered platform backed by human-verified policy checking and error analysis enables you to -
- Identify and eliminate systemic error patterns to minimize Errors and Omissions (E&O)
- Deliver accurate policies faster and improve insured outcomes
- Minimize policy admin costs and optimize post-bind operations
- Maximize revenue-generating time to fuel agency growth
Handle seasonality, process complex policies, and rush requests with a one-click portal experience. Committed to continually exploring the next generation of technology to enhance our ability to serve the insurance industry, we always seek new opportunities to exceed your expectations.
Insurance Software we use
8-Step Insurance Policy Checking Process We Follow
With a business model that we have perfected over a decade, we have become one of the leading companies providing insurance policy checking services in India. When we carry out insurance policy check, we ensure that the policies are completed, without missing any data, which would prolong a new prospect or a current client from getting their quote. Our streamlined process includes the following steps -
Receive policy document from carrier
Retrieve proposal document from AMS
Compare proposal with policy document
Open Checklist and update basic information
Compare policy, proposal, and AMS for difference
Email the differences (if any) to the carrier
Regularly update the checklist
Dispatch the completed checklist
Why Choose us For Insurance Policy Checking?
Our team at Flatworld Solutions is adept with the processes to be followed when it comes to policy administration and checking. As soon as we discover any discrepancies in the application or identify missing data, we will report these inconsistencies back to the agency immediately. Furthermore, we will then do the follow up process with the prospect to retrieve missing data. Some of the key benefits of choosing us are -
By outsourcing policy checking for insurance to us, companies can considerably reduce their overhead costs, which would otherwise be invested in maintaining an in-house team of policy checking experts
Highly Efficient Team
Our team is well-trained to handle any kind of insurance requests and ensures that you get highly accurate and efficient policy checking services within extremely short turnaround time
We follow some strict workstation data security policies to ensure that the data you share with us is completely secure
We have state-of-the-art infrastructure in place, which enables us to deliver top-quality results
Use of the Latest Technologies
Our team is trained to work on the latest agency management systems like Hacksoft, AMS 360, Bill.com, Salesforce, Nexsure, etc.
Multiple Delivery Centers
We provide our services within a quick turnaround time through our multiple delivery centers spread across different time zones
Ease of Scalability
Outsource insurance policy administration to us and let our skilled resources and world-class infrastructure scale-up or down your project depending on the requirement
Avail Quick and Efficient Insurance Policy Checking Services with Flatworld
Flatworld Solutions is one of the leading insurance policy checking service providers, offering quality insurance services to global clients. Our quick and efficient policy checking leaves insurance firms with ample time to focus on other important deliverables. Being in the industry for over a decade, we are capable of handling even huge projects accurately and efficiently and complete policy checking processes for numerous insurance firms, on time every time.
We believe in maintaining long-term, win-win relationships with all our clients. Our transparent pricing structure and world-class infrastructure are the major factors, which have helped us in establishing such a reliable and promising relationship with all our clients. We have been successfully serving global insurance agencies and insurance providers. Outsource insurance policy management to us and avail reliable, efficient, accurate, and cost-effective policy checking & administration services.
Get in touch with us today!