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How Outsourcing Insurance BPO handle Loss Run Ordering More Effectively

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How Outsourcing Insurance BPO handle Loss Run Ordering More Effectively

Business owners are too busy that they will think about insurance when they require. Commercial line policies require more data. Loss Run reports are critical in insurance processing. Due to high volume of clients policies reports, it is very difficult to handle. Insurance BPO comes handy to handle these reports efficiently. 

Loss run reports contain detailed information of claim history, frequency, type and financial impact.  If an agency does not have an efficient and proven way of obtaining these critical loss run reports in a timely manner, they run a high risk of being blocked by underwriter. If an agency is constantly being blocked from quoting prospects. This will effect the business. The best solution for this situation is to outsource the process which will get more time to quote more prospects. APPSAT  provide very good control on reports with industry experts.

APPSAT Loss Run Processing services:

  • Sending request to previous Insurer.
  • Extracting loss run history to get policy renewal 
  • Analyzing and preparing claim reports..
  • Submitting to underwriter
  • Notifying to underwriter 
  • Forwarding reports to broker and agencies

Loss Run Outsourcing advantages:

APPSAT insurance directly work with agencies. We will process the policy far before the renewal date. This will help the agency to procure another policy. APPSAT is one stop solution for Insurance Back End process services. We provide the reports in timely effective manner so that it will reach the underwriter desk by far before others. This will help the agencies to quoting more prospects.

We have fixed monthly billing, hourly billing and project based billing. For quote please contact us:

+1 (929) 323-2223

+1 (929) 334-3924

[email protected]

[email protected]

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How Insurance BPO Improve Insurance Quoting Services  ?

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How Insurance BPO improve Insurance Quotation Process


APPSAT can Stream line Commercial Line Quoting for carriers, agencies, and MGA

Business Insurance, life insurance, auto insurance, P&C insurance, health insurance or any other product, customer need pricing quotes. APPSAT directly work on customer management system.
 

Personalizing Experience:

Getting quote on website or app is much needed option to customers. This is important to maintain such option on online. Telephonic enquiries for quote and through Agent are also utilized by the prospects. For all the possible ways the customer experience should be the key factor. Providing personalize experience to consumer is challenging.

APPSAT provide the simplified and speed up with a personalized experience to business customers for policy purchase. The best experience to customer is that they should know what they bought. The pricing and risk tolerance is key factors that most business customers consider. Speed up the slowing down should apply when it required to know what customer looking for.

Balancing Service:

Generating a quote is basic task but being a risk  manager helps the customer to identify the best option. Clearly understanding the deductibles, coverage, liabilities, exclusion and premium is what business customers looks mostly. Some prospects search for multiple insurers. Present more customers are search for quote using mobile. Our Insurance BPO service helps more customer friendly experience.

How Insurance BPO Simplify the Process:

Preparing a quote is time consuming. Outsourcing this process will make business to focus on business activities. Outsourcing this process will make sure the standardization process and free up resource availability to focus on other key activities. We delivering quality customer experience with technology to quote and renew the policy with speed, consistency and standardization process with customer friendly experience.

  1. Coverage Details
  2. Premium & Commission Tables
  3. Carrier financial rating
  4. Proposal Template
  5. Spreadsheet
  6. Delivery in Print format 

Why Outsource Insurance Quoting to APPSAT Insurance BPO ? 

  • Compliance with rules and regulation
  • Data and Network Security Policy
  • Quotes and proposals prepared by highly experienced resources
  • Increase in operational efficiency
  • Accurate and time bound process
  • High scalability, less data maintenance and Customer friendly experience.

We have fixed monthly billing, hourly billing and project based billing. For quote please contact us:

+1 (929) 323-2223

+1 (929) 334-3924

[email protected]

[email protected]

How Insurance BPO Improve Insurance Quoting Services  ? Read More »

Why do insurance companies outsource ?

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Why do insurance companies outsource?

It is necessary to properly maintain back-office functions along with marketing, better customer service and so on. This Increase pressure on organizations to support these types of services.


This is the area where the Back end Process outsourcing comes handy. Offering companies a solution to enhance productivity and accuracy in a number of key areas.

Advantages

  • Reduce work load
  • Increase productivity and scalability
  • Business expansion
  • Less time to launch new product to market 
  • Provide best customer service and many more…
  • Help you develop the flexibility to adapt to a changing business and regulatory environment.

APPSAT provide experience team to handle the back end insurance process. Our team will work along with your team on your network. We will provide dedicated resource to handle back office process.


Each customer will have a quality controller and a customer relationship manager to monitor our deliverability and improve the performance by getting timely feedback.

Cost Effective

We help our customer in reducing the operational cost

Focus on Buainess needs

We help our customers to focus on business requirements

Experienced Resources

Our customers will get experience resources all the time

Save time

Our customer will have time to focus on customer experience

Customer relationship

Our customer can maintain very good relationship with their clients

Easy to launch New Product

Our customer can launch new product easly while we take care of back office process

We have fixed monthly billing, hourly billing and project based billing. For quote please contact us:

+1 (929) 323-2223

+1 (929) 334-3924

[email protected]

[email protected]

Why do insurance companies outsource ? Read More »

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