Outsourcing Policy Management Services for Better ROI

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• OUTSOURCING POLICY MANAGEMENT SERVICES

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• THE VERY FIRST QUESTION

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WHAT ARE OUTSOURCING POLICY MANAGEMENT SERVICES?
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Outsourcing Policy Management ----gt
Outsourcing basically involves the process of
transferring the responsibility of work to be
performed to another individual or a company
overseas directly or indirectly.
Similarly, Outsourcing Policy Management we can
say the process of transferring the
responsibility of Insurance Policy Administration
to the outsourcing companies overseas who offer
their expertise, innovative techniques cost
benefits for their outsource policy management
service
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WHAT COVERS OUTSOURCING POLICY MANAGEMENT?
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What Covers Outsourcing Policy Management?

• History of Policy Accounting
• Licensing and Resource Management
• Preparation of Quotes
• Endorsement, Rewriting, Renewal, Reinstatement
• Exchange of Data
• Policies set for Cancellation
• Requests for Loss Runs
• Checking of Policies
• Generation of Proposals

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WHAT COMES UNDER HISTORY OF POLICY ACCOUNTING?
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History of Policy Accounting
Collection of Old Data Operations
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WHAT COMES UNDER EXCHANGE OF DATA?
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Exchange of Data
Sending and Receiving of Information/ Data via
common channel
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WHAT COMES UNDER LICENSING RESOURCE MANAGEMENT?
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Licensing Resource Management
Managing Licenses Insurance related Resources
with Miscellaneous Firms.
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WHAT COMES UNDER POLICIES SET FOR CANCELLATION?
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Policies Set for Cancellation
Set of Policies under Cancellation Relaxed,
Moderate, Firm, Strict, No Refund
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WHAT COMES UNDER PREPARATION OF QUOTES?
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Preparation of Quotes

Assembling insurance data, Preparation of Quotes
in Detail Analyzing Case Studies

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WHAT COMES UNDER REQUESTS FOR LOSS RUNS?
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Requests for Loss Runs
Loss Runs Requests A Letter of Authorization or
history of Claims
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WHAT COMES UNDER ENDORSEMENT, REWRITING RENEWAL
REINSTATEMENT?
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Endorsement, Rewriting, Renewal Reinstatement
Offering Endorsements, Renewal, Rewriting
Reinstatement
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WHAT COMES UNDER CHECKING OF POLICIES?
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Checking of Policies
Policies Under Process
Check-in Policy Requirements, Number of Policies,
Facts Checking, Resolving
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WHAT COMES UNDER GENERATION OF PROPOSALS?
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Generation of Proposals
Creating Business Plan as per Clients Needs,
Entrepreneur Goals Business Model
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BENEFITS OF OUTSOURCING POLICY MANAGEMENT SERVICES
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Benefits- Outsourcing Policy Management Services

• Cost Saving
• Focus on Core Business Customers
• Reduced Overhead Charges
• Manage the Workforce
• Increased Productivity
• Develop New Competencies Skillset
• Enhanced Job Acceleration
• Reduced Time to Market

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HOW TO SEARCH OUTSOURCING POLICY MANAGEMENT
COMPANIES?
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How To Search Outsourcing Policy Management
Company?

• Search On Internet with Keyword
• Open first 5-6 Websites
• Check Professionalism of their websites
• Check their Reviews, Portfolio Case Studies
• Check their Social Presence
• Contact them and Ask for their Plans

Note No Good Companies will offer you the very
cheap plans. So, Be Careful
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COGNEESOL PVT. LTD. OUTSOURCING POLICY
MANAGEMENT COMPANY
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• COGNEESOL PVT. LTD. ---
• OUTSOURCING POLICY MANAGEMENT SERVICES
• Offers a wide range of insurance classes through
  an extensive policy management services. We help
  customers save time and through the delivery of
  B2B Solutions by serving the global market for
  several years.
• You just need to give us a call on 1 646 688
  2821.

Address 12648 Agave Bay St Victorville, CA
92392, USA E-Mail info_at_cogneesol.com
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REFERENCES
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What Covers Outsourcing Policy Management?

• https//www.cogneesol.com/insurance-services
• http//www.insurancesupportworld.com/
• http//www.slideshare.net/cogneesolbpo/insurance-b
  ack-office-services-pros-and-cons
• https//www.cogneesol.com/blog/warning-you-might-b
  e-losing-money-by-not-outsourcing-policy-managemen
  t-services/

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