Are you falling behind the trends in insurance industry? Are you blindly adapting to trends that are not insight-driven? You can exploit insurance reporting services to get a clear insight into successful end-to-end business process. When you have access to reports based on analytics-driven data, it becomes easier to make best business decisions to get ahead of the curve.
When you consider an insurance reporting services company like Flatworld Solutions, you can take advantage of management reports, financial portfolio analysis, KPI, root cause analysis, data-driven discovery, and much more without owning a dedicated infrastructure that handles these functions. We have a skilled team who can help you get a closer look at large claims count, GWP (budgeted, renewed, and expiring) and many other metrics based on geography, policy types, and timeline.
Insurance Reporting Services We offer
When you outsource insurance reporting services to FWS, we leverage state-of-the-art technology and software tools to ensure that the status on active and expiring insurance is available for further action. Our services can be counted upon to keep communications taut with clients and maintain organized business. The services we offer as part of insurance reporting includes -
Active Reporting Solution
You can get a single view of all active policies to understand the insurance lifecycle of policyholders. This information will serve as a foundation to segment customers as well as to customize the service campaign. Under active reporting service the data projection, management, and cash flow validation data are collectively compiled for analysis so that resources can be allocated based on the findings documented in the report. We can also operate as your in-house team's extension to streamline the process for maximum efficiency.
Report Generation on Accounts
FWS's team of insurance experts possess deep knowledge of accounting tasks, their skill can be used to point your insurance business in the direction of profit. We can evaluate your business performance and create custom reports by leveraging industry's best reporting software. We can supervise the management of the balance sheet and provide absolute document portfolio that indicates fiscal data such as profit and loss margins. You can get comprehensive business account insights on tap by relying upon FWS's data analytics strategy.
Reports on Commissions
The number of policy sales is a key metric for measuring profits made by your business. However, tracking commissions paid to insurance agents will give a complete picture because our commission reports include consolidated data on all expenses incurred on commission. Our high-quality commission reports can help you track specific broker entities. The data we provide also includes information on grey areas where improvement is necessary by taking remediating measures.
Insurance Policy Renewal and Transaction Reporting
Our reports will enable you to track all business transactions on a weekly, monthly, and quarterly basis. We will provide a unified report on all insurance policyholders with segmented information on policyholder's insurance life cycle. The data will include the count of policies that are nearing the renewal date. With this information, you can plan email campaigns and phone call reminders to notify the policyholders. Additionally, the transaction reporting tools will present information on older transactions tied to customer's policy.
Insurance Claim Reporting
We can help you manage claims report on the go. Using sophisticated analytics tools, we will maintain a database of claims made by your clients in the past. This will allow your agents to plan the engagement in advance.
Insurance Software we use
The Process We Follow for Insurance Reporting
Insurance reporting process services provided by FWS is straightforward and easy to understand. It helps you understand what happens between the initial process of the insurance reporting services to the final step. It is our goal to bring clarity in the service to help you understand better what we do to bring you insurance reports that are worth relying upon for business decisions. The process of insurance reporting is as follows -
01. Design a Reporting Structure
We will collaborate with clients to decide a reporting structure that aligns with the client's work culture
02. Structure Integration
Within the reporting structure, we will integrate customer relationship, risk, and cash flow models to capture data streams
03. Analysis of Reporting Structure
The reporting module will be analyzed for performance after the integration. This will give a clear picture of the performance in near-real-time conditions
04. Maintenance of Reporting Structure
The elements in the reporting model that includes services, software tools, and staff engagements are monitored using sophisticated tracking tools
Other Services You Can Benefit From
Why Choose Flatworld Solutions for Insurance Reporting Services?
Flatworld Solutions is a leading insurance reporting services company based out of India with a strong international presence. Through constant innovation, we have been successful in helping clients across the globe. The insurance reporting services we offer will give you more than price advantage. Here are reasons why you should partner with us for insurance reporting and analytics -
Certified Insurance Reporting Services Company
Flatworld Solutions has been in business for 12 years and we are ISO 9001:2015 certified for our strong commitment towards quality in every detail. We exploit data science technology and employ stringent measures to ensure that you receive a highly reliable and robust report to enhance productivity levels.
With the rampant digitalization, the risk to digital data is ever-present. We understand this concern better than anybody else. Therefore, we have in place highly reliable security measures to combat vulnerabilities that can erode the integrity of your confidential data. Our all-out endeavor to secure your business data has earned us ISO/IEC 27001:2022 certification.
High Accuracy and Quality Service
Quality is not just a standard practice we follow in every outsourced service. We take pride in offering honest and dependable service that lets you take advantage of business insights for making better decisions.
The turnaround time in insurance reporting solutions is shorter when you consider Flatworld Solutions as an outsourcing partner. We routinely rely on proven and proprietary technology that is procured as well as developed in-house to bring insight-driven results to your business.
We produce scalable solutions that are flexible in every way to contribute more productive in back-office functions. Our scalable insurance reporting solution offers an easy way for your business to build client relations in a reliable way.
Pocket-friendly Pricing Options
We offer insurance reporting services at competitive and a variety of price points that will give you the freedom to choose what is best for your business. Our flexible pricing structure ensures that you will never have to stretch your budget to an unreasonable extent.
Single-point of Contact
We offer a dedicated point of contact where you can get swiftly responded through emails and phone calls. Since we do not rotate the representative assigned to handle your concerns, you can get the freshest updates during the project.
Experienced Team of Insurance Vertical Analysts and Project Managers
Over the years we have evolved in capacity and team size. Today we are 250+ member strong community with veteran analysts who come with a decade plus years of exposure to a wide variety of insurance projects. When you outsource insurance reporting services, we guarantee that your requirements are in safe hands.
We are a company that gives importance to quality. To reinforce our quality assurance we rely on security, technology, and physical infrastructure that are superior to traditional methods. Our high-performance infrastructure will give our specialists a boost in confidence to handle any challenges as they come.
Secure Data Sharing
Sharing data has never been easier than it is now. We use advanced and secure FPT as well as CPN that promises to push and pull data with maximum security. You will never have to feel concerned or vulnerable to external attacks as we have security experts to monitor vitals of all channels extending outwards from our facility.
Our services are reliable in any conditions. We have global contact centers in multiple regions across the world that are well-equipped in terms of technology and skilled professionals. With agents available on tap you can get quick support without waiting in the queue. Get instant response via phone calls, email, or web chat to resolve your concerns.
Client Success Stories
Flatworld Solutions Provided Insurance Services for US-based Insurance Agency
Flatworld Solutions provided support to manage an insurance database to a US client. Additionally, we assisted in the management of insurance accounts and AR functions.
Flatworld Solutions Provided Policy Checking Services for a US-based Insurance Service Provider
Flatworld Solutions helped in speeding up the process for a US client with policy checking services. The services were provided at cost-effective rates in quick TAT.
Outsource Insurance Reporting Services to FWS - Leader in Insurance Services
Flatworld Solutions takes pride in its journey from a small enterprise to an outsourcing giant in a span of just 20 years. We have been a leading servicer in insurance and many other verticals. Our insurance BPO services are regularly finding purpose in many small, mid, and large corporations due to cost and time benefits. We have domain level experts who can handle any concerns you face during or after the service.
Our duty towards each client is unwavering and dedicated in a true sense to bring maximum values. Driven by a passion to make your business future-ready we continue to bring advanced insurance service to improve revenue. We also offer other services such as insurance data entry services, and endorsements processing.
Reach us now if you are looking for high-quality insights to take powerful business decisions.