Policy Issuance for Insurance Carriers
Insurance Policies contain important details including coverage, exceptions, definitions and several terms and conditions. Ensuring that every single detail is correct can often be very time consuming and tedious. Flatworld Solutions offers effective solution that can help you streamline your process to set up insurance policies and ensure that you have a full-fledged policy document with every minute detail. We work hand in hand with your underwriters to ensure that coverage, customer specifics, etc. are correct and that you have an error free policy document.
Over a decade of experience has helped us create the best policy administration guidelines to give you the back-end help that you need to increase productivity and efficiency. From small changes in policy issuance to larger ones that dictate premium changes, we will work closely with your underwriters to guarantee that your customer is taken care of and that your business interests are protected as well.
Streamline your insurance services by outsourcing some or all of the steps of insurance policy issuance. Not only can this save your company money, but it can also increase your customer satisfaction, as they will get an increased level of customer service with more attention being given to their needs, and not the tedious paperwork.
Policy Issuance Services We Offer
At Flatworld Solutions, we offer a wide range of carrier services that range from the setup of the insurance policy to the insurance policy renewal. Each of these dictates a need for a policy issuance that lets the customer know what their insurance policy will cover.
Our key policy issuance services include the following steps:
- Carefully reviewing customer documents, and verifying that all information is complete
- If information is incomplete or missing, submitting findings to the underwriters
- Entering/verifying customer information and policy details
- Entering other information and details to generate policy setup document
- Generate the final policy based on input from the underwriter
Insurance Software we use
Our Policy Administration Process
Our policy issuance process follows through the complete cycle of creating a full-fledged policy document. From looking at the customer submitted documents, to ensuring that they are filled out correctly and completely to generate a final policy.
We work with the carrier's underwriter to ensure that all information is complete. Our technical expertise and attention to detail will make sure that your policy issuance is an error-free document that is delivered to your underwriter for them to present to your agents, to transmit to your customers. This saves time and money and increases customer satisfaction.
Benefits of Outsourcing Policy Issuance to Flatworld
Flatworld Solutions is a worldwide leader offering insurance business solutions to global clients. By outsourcing your policy issuance, you can save time and money while availing services of efficient insurance back office professionals. From policy setup to health insurance policy issuance, and every step along the way, we ensure the process is carefully done, all while keeping your underwriter in full communication and control.
An incomplete application or policy takes time, which cost money to fix. We help to decrease this cost by making sure that whether it is a life insurance policy issuance or another policy type, all customer information is correct and that the policy details are error free as well.
Other benefits of outsourcing your insurance policy issuance are:
- Substantial Cost Reduction
- Efficient Operations
- Quick Turnaround (between 30 minutes to 4 hours, depending on the processes)
- Round-the-clock service
- Improved Customer Service and Happier Customers
- Scalability for Business Growth
Hire Us for Your Policy Issuance Needs
Flatworld Solutions is your 24/7 business solution for life, property and casualty insurance. We have offices worldwide and over 20 years of experience in policy issuance and other carrier services to make sure that you have the assistance you need to offer high quality and streamlined customer service options for any of your insurance requirements.
Flatworld Solutions is your primary solution for Policy Issuance, get in touch with us.