2. Benefits Of Outsourcing Policy Management Services
• Heighten your productiveness and trim
down costs
• Ameliorate management of systems &
procedures
• Offer top-notch customer support
services
• Scale down average handling time
• Trim back training costs
• Run on flexible functions to correspond
to the objectives
• Yield higher revenue
3. What Covers in Outsourcing Policy
Management ?
History Of Policy Accounting Exchange of Data
Licensing And Resource Policies Set for Cancellation
Management Request for Loss Runs
Preparation of Quotes Checking of Policies
Endorsement , Rewriting,
Renewal & Reinstatement Generation of Proposals
4. What Comes Under Policy Accounting
• Collection of Old Data & operations
• Sending and receiving of
information/Data via common
channel
• Managing License & Insurance
related resources with
Miscellaneous Firms
5. What Comes Under Policy Checking
• Reviewing customer documents and checking for
missing/incomplete information (if any)
• Submit findings to Underwriters in case of missing
incomplete information
• Entering/verifying customer and policy details
• Checking policy status
• Filling out other details required to generate the policy
document
• Generating the final policy based on Underwriters
input
6. • Management of Resources, Licensing
• Creation of Quotes
• Exchange of data
• Generating proposals
• Verifying the insurance policies
• Verifying the details mentioned on the quote, proposal and
insurance plans
• Seeking Loss Runs
• Endorsing, Renewing, Cancelling, Reinstating and Rewriting an
insurance policy
• Considering policies that are to be cancelled
• Viewing each and every operation performed on the insurance
policy, also known as Policy Accounting History
List of Policy Management Tasks Performed by Outsourcing
Company
7. Know Value of Business While Outsourcing Policy
Management
• Launch of new products in the market through a reduced
life cycle
• Easily configurable policy management system that is
future proof
• Easy understanding of evolving customer needs through a
decision support system that is effective
• Flexible and scalable apps for future requirements
• Lowered cost of maintenance & more asset utilization for
increased efficiency of operations
• Utilization of our global experience for better IT-business
alignment
9. ISW employees accounting graduates ( 15-17 years of schooling), Charted
Accountants and MBA graduates with good subject knowledge and good
grasp of the English Language, as its workforce in Financial Services
division.
Most Managers come with 4-5 years of on the job experience and are
trained to lead large groups for deliverability
All employees are hired after a rigorous post-application process that
includes, written and oral tests, interview, group discussion ( for managers)
and background verifications
EMPLOYMENT STANDARDS
