Insurance Quote Process
Insurance agencies are expected to continually improve their business models, innovate, differentiate from the competition, and improve their expense ratios while driving profits. A major part of their job includes performing important but mundane tasks like preparing Insurance Quotes which are quite time-consuming and leave them with no time to focus on core business activities. To achieve these goals in today's volatile landscape, insurance agencies are increasingly turning towards Insurance BPO Services to help them compete and grow.
With an experience of over 20 years of catering to global insurance clients across all verticals, we have developed customized outsourcing solutions to meet the needs of commercial insurance agencies across the globe. One of the key services we provide for insurance agencies is preparing summary and insurance proposals. Our insurance quote process comprises preparing a detailed quote summary for our clients, which helps them scrutinize different insurance quotes at a glance and analyze coverage details with ease.
Our Insurance Quote Process
- Summarizing Coverage Details - After analyzing the coverage details provided in the Insurance Quotes, our back-office experts create a carrier-wise summary of insurance coverage, deductibles, liabilities, premiums, exclusions, and other such important details in order to present a better picture to the clients.
- Preparing Premium and Commission Summary Tables - Our back office professionals prepare exhaustive premium and commission summary tables, after carefully selecting all binding insurance quotes which meet the client's valuation and proposal (AVC) requirements.
- Extracting Carrier Financial Ratings - To ascertain the financial performance of carriers, and ensure that they have sufficient reserves to pay back claim amounts, we extract the 'AM Best' financial ratings of Carriers.
- Preparing Organized Spreadsheets - Our experts prepare detailed structured spreadsheets to allow effortless side-by-side quote comparison, between different insurance carriers.
- Populating Proposal Templates - Once we have collated all the necessary information, we use them to populate standard proposal templates based on the client's requirements.
- Providing Structured Deliverables in Print Format - Once the proposal is populated and documented as per the client's requirements, we structure it into a printable format, which can then be presented to customers before finalizing the best quote.
Why Outsource Insurance Quote Process to Flatworld Solutions?
The summary and proposal services offered by us enable our insurance clients to optimize and standardize their processes and increase their efficacy by freeing up important resources. Whether it is term insurance quotes, Auto insurance quotes, Health insurance quotes, Life insurance quotes, Annuity insurance quotes, or P&C insurance quotes, we have the expertise and the resources to meet all your insurance business process outsourcing requirements.
Some of the key benefits we offer are -
- Presence of Insurance domain specialists with extensive experience in the insurance quote process, policy services, and claims processing, amongst others
- Stringent data and network security policies to keep your insurance data secure
- Compliance with widely proven practices in the insurance industry
- Affordable and customizable pricing options
- Increased transparency in operations and improved cash flow
- Accelerating speed to market and focusing on tasks that bring real business value
- Flexibility to scale up or scale down as per the project and market requirements
Insurance Software we use
Hire us for Insurance Quote Summary and Proposal
Outsourcing business insurance quotes to Flatworld Solutions has helped global insurance agents achieve their business goals substantially. We have helped insurance agencies meet their short-term objectives while providing the impetus for progressive long-term growth.
We are a reputed insurance service provider with a proven track record, vast domain expertise, global delivery network, and best-in-class infrastructure and can meet all your insurance outsourcing needs with great efficiency. Outsource your insurance quote proposals to us today, and experience higher customer satisfaction, improved processing time, reduced costs, and increased revenues.
