Insurance industry is one
of the largest and most regulated industries worldwide
and has a host of associated legal and regulatory
compliance including the Sarbanes Oxley Act. Insurance
Industry is further highly paper intensive and
deals with significant amounts of paperwork. Infact,
almost 40% of personnel time is spent in managing
insurance documentation. This along with pressures
to reduce costs, improve service levels and focus
on core competence is forcing Insurance Companies
to look at outsourcing.
Our BPO services in the Insurance domain cover
the entire Insurance cycle right from new business
acquisition to claims processing to asset management:
Services:
Claims Processing
Policy Administration
New Business Acquisition
Billing & Payments
Benefits:
Leverage technology strengths on multiple platforms
and insurance applications
Access to strong Insurance domain expertise
and process knowledge
Legal and Regulatory compliance on Insurance
laws including SOX and HIPAA
Improved Service Levels and Turnaround time
Cost Savings of 40%+ |
