Insurance Policy Checking Outsourcing Services

24
Mar

Why Do Businesses Opt for Insurance Claims Outsourcing Services?

Why Do Businesses Opt for Insurance Claims Outsourcing Services? Claims processing in the insurance industry takes much time and work, from the first filing to the final resolution. It can take up to 1.6 months for a trauma insurance claim to be approved and the same amount of time for a life insurance claim. Insurance agency must constantly look for
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3
Mar

How Can Businesses Boost Their Performance With Insurance Outsourcing Solutions?

How Can Businesses Boost Their Performance With Insurance Outsourcing Solutions? It is a fact that BPO is growing. Grand View Research predicts an 8.5% compound annual growth rate for the $232.32 billion BPO business from 2021 to 2028. Back office BPO includes administrative and insurance support tasks like accounting and finance, data entry, document scanning, website design and management, payroll,
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1
Mar

How Insurance Agency Outsourcing Help Overcome Key Industry Challenges

How Insurance Agency Outsourcing Help Overcome Key Industry Challenges Many other sectors, like insurance, have had to adapt to new circumstances. While it's true that new technologies, data-driven procedures, and rising client demands have disrupted every industry, it's also been said that insurers are "behind" when it comes to cyber risk compared to banking and other financial sectors. It is
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28
Feb

How Insurance Firms Benefit from Insurance Operations Outsourcing Services

How Insurance Firms Benefit from Insurance Operations Outsourcing Services Is the insurance industry benefiting from business process outsourcing (BPO)? Let's check this out. Business process management is crucial in the insurance sector. Costs keep rising. Each year, they rise by 12–20%. If you're going to outsource insurance BPO, like many organizations, we need to explore what insurance BPO services offer.
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20
Feb

What are the latest Trends of Insurance Back-Office Outsourcing in 2023?

What are the latest Trends of Insurance Back-Office Outsourcing in 2023? There will be a lot of change and upheaval in the back-office outsourcing industry in the coming years. The future of insurance back-office outsourcing is being shaped by a confluence of factors, especially those driven by intelligent automation (IA) technologies. Adopting a holistic digital mindset, which includes keeping up
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3
Feb

Insurance Virtual Assistants: Guide on the Future of Insurance Agency & Back Office Operations

Insurance Virtual Assistants: The Future of Insurance Agency Back Office Operations The insurance industry has undergone a significant transformation, with the advent of remote work playing an important role. The origin of Insurance Virtual Assistants is one example of the rise of remote work causing uproar in the insurance sector. Agencies' interest in remote work stems from the fact that
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5
Apr

Outsource Insurance Personal Lines or Commercial Lines – We Do It All

Outsource Insurance Personal Lines or Commercial Lines – We Do It All Our dedicated professionals are experienced in processing tasks related to a wide variety of insurance business lines – from BOPs to Boatowners, Commercial Property to Homeowners, and Workers Compensation to Personal Auto. Whether you have processing needs in your Commercial Lines or Personal Lines Department, we are ready
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16
Sep

How Insurance Process Outsourcing Can Help Your Agency Navigate the COVID-19 Crisis

The Coronavirus pandemic has presented unprecedented challenges to businesses in every industry and insurance agencies are no exception. A heavy reliance on manual processes and reluctance to adopt insure-tech solutions has proved detrimental to many agencies as the crisis has persisted. Insurance agencies that are re-thinking the way they do business would do well to consider outsourcing as one method
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16
Sep

Boost Productivity, Cut Costs, and Increase Growth with Insurance Process Outsourcing and EZLynx

Boost Productivity, Cut Costs, and Increase Growth with Insurance Process Outsourcing and EZLynx In a March 23, 2020 article, Insurance Journal reported that Account Managers spend roughly half their time on paperwork and computer input. An Agency Management System (AMS) such as EZLynx can assist by streamlining many processes. Operational efficiencies can be created by utilizing the concept of staff
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16
Sep

Applied Epic and Insurance Process Outsourcing – Tools for Powering Agency Growth

Applied Epic and Insurance Process Outsourcing - Tools for Powering Agency GrowthAs every insurance agent knows, operational tasks can absorb a substantial number of manhours – time that could be better spent communicating with clients, making new connections, and soliciting new business. Relationships are at the core of the insurance industry and focusing on relationship-building helps sustain essential business partnerships,
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