In the world of commercial insurance, agencies play a tiresome game of "cat & mouse" every day trying to obtain loss runs from either a prospect or from the incumbent agency. Both of these methods have been proven ineffective time after time with air deflating results.
When it comes to obtaining loss runs in this business, time is of the essence. In a soft market, agencies are quoting prospects in large numbers. If an agency does not have an efficient and proven way of obtaining these critical loss run reports in a timely manner, they run a high risk of being "blocked out" by the underwriter, as another agency may have gotten their loss runs, for the same prospect, to the underwriter's desk first. If an agency is constantly being blocked from quoting prospects, due to time constraints, this will have a direct effect on their bottom line.
What is the best solution to get away from playing cat & mouse, freeing up time to quote more prospects, all while getting to the underwriter's desk before the competition? Outsourcing the burden of acquiring loss runs to Flatworld Solutions, the industry experts.
Loss Run Processing Services We Offer
Sending loss run report requests to previous insurers and receiving reports
Extracting loss run history to help in policy renewals
Analyzing loss run and preparing claims report
Sending claims report to underwriters
Notifying underwriters if loss run is not available
Forwarding loss run reports to brokers and agencies
Insurance Software we use
Benefits of Outsourcing Loss Run Processing To Us
Flatworld Solutions networks with insurance carriers from all over the world and works directly with them, not the prospect or the incumbent agency to obtain loss runs in a time efficient manner. If the prospect is already a client, Flatworld will procure the loss run statements far before the renewal process.
This will give an agency a head start to staying abreast of their client's loss history, and give the agency an opportunity to procure another policy much faster, if the client chooses to do so. Flatworld Solutions is a "one stop shop" when it comes to office solutions for insurance agencies.
Flatworld Solutions will handle the entire loss run process in a time efficient manner, and help agencies get to the underwriter's desk much faster than the alternative. By outsourcing these tedious office duties, an agency can discover new found freedom which can be reinvested back into quoting more prospects.
Safe and Secure Insurance Loss Run Processing
Equipped with over 16 years of experience in serving insurance industry, a proven system, and processes in place to give an agency consistency and quality deliverables, we stand head and shoulders above our competition. Our technical expertise has helped our insurance clients with increased productivity and efficiency, in turn also helping Flatworld Solutions stretch across 20 cities around the globe and counting.
With an infrastructure designed to handle critical and sensitive client information, Flatworld Solutions has state-of-the art, data security mechanisms in place to ensure safe handling and processing of client's insurance data.
Outsourcing Benefits Recapped
Enjoy an efficient and proven loss run obtaining system
Get back more time for quoting new prospects
No playing "chase the loss run"
No waiting for the prospect to hand you loss runs
No dealing with disgruntled incumbent agencies
Around-the-clock loss run claims processing service
Cost-effective services delivered by Insurance experts
World-class customer service
Hire Us for Insurance Loss Run Processing
Insurance Agencies know that waiting for prospects or incumbent agencies to provide them with loss runs can be a long waiting game that can put them behind in a crucial race. Even the time it takes to call the insurance carriers and have a customer service representative retrieve loss runs can have them on the phone for some time, making them lose valuable ground.
We here at Flatworld Solutions can drastically help an insurance agency streamline their procedures by taking care of the loss run processing and turning them around fast and in a cost-effective manner.
Contact us today! Flatworld Solutions - Your primary partner for loss run processing!
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Decide in 24 hours whether outsourcing will work for you.