Outsource Insurance Accounting Services

Are you struggling to find the right resources to manage the accounting function of your insurance firm? Do you feel it is too expensive and time-consuming to hire an in-house team of accounting and bookkeeping experts? Then, the next best step you can take for your insurance organization is to outsource insurance accounting services to an experienced and skilled service provider.

By outsourcing, you will not only save money of hiring an in-house team but also have more time to focus on your customers and provide them with better customer service. Flatworld Solutions is a leading insurance accounting services company and a one-stop-shop for all your accounting needs. We have the experience and well-trained resources to provide you with a wide variety of insurance accounting services that will save you time and money.

Insurance Back-office Support

Insurance Accounting Services We Offer

FWS is one of the leading insurance accounting service providers available today. Having been catering to the insurance industry clients for over a decade now, we have gained the required experience and expertise to cater to the different needs of the clients. Our accounting and bookkeeping experts have been trained to handle the most complex tasks in the most efficient manner. Some of the key services we offer include -

1. Asset Management and Forensic Accounting
Our team has the expertise to keep a track of all your assets and help you with the reporting functionalities for your business. We also specialize in providing our clients with forensic accounting services which help you to detect fraud and protect your organization from kinds of risks.

2. Insurance Bookkeeping Services
General ledger maintenance forms the key to any bookkeeping service and we are here to help you with just that. Our team can help you manage and keep a track of the general ledger which provides you with a clear summary of accounts receivables and payables.

3. Tax Returns Management and Statement Generation
We have the expertise to provide you with a comprehensive set of accounting services such as financial statement creation to even filing tax returns. We collate all your financial data in one place and enable you to monitor it through a dashboard and keep an eye on your insurance business' performance.

4. Forecasting Services
We have the required expertise to forecast the various economic prospects of insurance businesses with a high level of accuracy. By making use of advanced analytical techniques, we can help you plan your cash requirements and generate reports which comprise of valuable insights about business trends in the insurance industry.

5. Accounts Reconciliation Services
Retail agent remunerations, taxes, infrastructure costs, and operational costs are some of the key expenditures for an insurance firm. Our team of accountants and bookkeepers can help you keep track of these expenses to even the minutest details. We also help you to find opportunities where you can cut down the expenses and reduce redundancies.

Insurance Software we use

Flatworld's Insurance Accounting Process

We believe in providing our clients with the best quality and accurate services when it comes to insurance accounting. This is only possible by following a streamlined process while delivering the services. The key steps involved in our process are listed here -

Send reminders and follow-up with clients for timely payments

Receive and record all the payments

Check the premium amount of the policy is set as per the client's request

Accounts receivable reporting and reconciliation

Record and Maintain Archives as per Clients Requirements

Record and maintain archives as per the client's requirements

Other Services You Can Benefit From

Why Choose FWS for Insurance Accounting Services?

We follow streamlined and systematic processes to maintain error-free quality levels of your financial records. Outsourcing insurance accounting services to us can provide you with a series of benefits. Some of the key reasons for you to choose us include -

Flexible Pricing Options

We provide our clients with highly flexible pricing options which will suit every client's budget and help them to save on costs and boost their revenue
Data Security

We are an ISO 27001:2013 ISMS certified organization which ensures that the data you share with us including client details, financial data, payment information, policy data, etc. are completely safe with us
Best Infrastructure

We have access to state-of-the-art infrastructure in terms of the latest accounting and bookkeeping tools and technologies and world-class office spaces
Single Point of Contact

We assign a dedicated accounting and bookkeeping project manager who will be the single point of contact for all your needs and keep you updated with the latest project updates
24/7 Availability

Our call center agents, sales teams, and a team of accountants and bookkeepers are available at all times to address your issues via email or phone
Quick Turnaround Time

We have the required resources and tools to deliver error-free accounting services for insurance companies within a quick time through our multiple delivery centers spread across time zones
Error-free Accounting for Insurance Companies

We are an ISO certified organization and you can rest assured that the services we provide are completely error-free and help you provide great customer service to your clients
Experienced Accountants

We have a team of highly experienced and skilled accountants and bookkeepers who are trained to handle even the most complex accounting tasks for insurance companies
Ease of Scalability

As and when your organization accounting needs increase, we can easily ramp up the service requirement with the help of our resources

Client Success Stories

FWS Provided Policy Checking Services for a US-based Insurance Service Provider

Flatworld Solutions fully scrutinized policies for a US client because the client was overwhelmed by policy backlog as soon as they expanded.

FWS Streamlined Back-office Solutions for a California-based Client

A based out of US client suffered from an unforeseen bottleneck triggered by business growth. Flatworld optimized the back-office functions by becoming cognizant of their concerns.