All About Policy Management Services - PowerPoint PPT Presentation

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All About Policy Management Services

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Policy management is an important function in any insurance enterprise. Know some tips from this PPT which can help in making the insurance policy management process better – PowerPoint PPT presentation

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Title: All About Policy Management Services


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All About Policy Management services
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Benefits Of Outsourcing Policy Management
Services
  • Heighten your productiveness and trim down costs
  • Ameliorate management of systems procedures
  • Offer top-notch customer support services
  • Scale down average handling time
  • Trim back training costs
  • Run on flexible functions to correspond to the
    objectives
  • Yield higher revenue

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What Covers in Outsourcing Policy Management ?
History Of Policy Accounting Exchange of Data
Licensing And Resource Policies Set for Cancellation
Management Request for Loss Runs
Preparation of Quotes Checking of Policies
Endorsement , Rewriting, Renewal Reinstatement Generation of Proposals
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What Comes Under Policy Accounting
  • Collection of Old Data operations
  • Sending and receiving of information/Data via
    common channel
  • Managing License Insurance related resources
    with Miscellaneous Firms

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What Comes Under Policy Checking
  • Reviewing customer documents and checking for
    missing/incomplete information (if any)
  • Submit findings to Underwriters in case of
    missing incomplete information
  • Entering/verifying customer and policy details
  • Checking policy status
  • Filling out other details required to generate
    the policy document
  • Generating the final policy based on Underwriters
    input

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List of Policy Management Tasks Performed by
Outsourcing Company
  • Management of Resources, Licensing
  • Creation of Quotes
  • Exchange of data
  • Generating proposals
  • Verifying the insurance policies
  • Verifying the details mentioned on the quote,
    proposal and insurance plans
  • Seeking Loss Runs
  • Endorsing, Renewing, Cancelling, Reinstating and
    Rewriting an insurance policy
  • Considering policies that are to be cancelled
  • Viewing each and every operation performed on the
    insurance policy, also known as Policy Accounting
    History

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Know Value of Business While Outsourcing Policy
Management
  • Launch of new products in the market through a
    reduced life cycle
  • Easily configurable policy management system that
    is future proof
  • Easy understanding of evolving customer needs
    through a decision support system that is
    effective
  • Flexible and scalable apps for future
    requirements
  • Lowered cost of maintenance more asset
    utilization for increased efficiency of
    operations
  • Utilization of our global experience for better
    IT-business alignment

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How Policy Service Management Function
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ISW
NETWORK SECURITY INFRASTRUCTURE
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SECURITY AND AUDIT MATRIX
People
Process
Technology
Authentication Identification Authorization
Access Control Confidentiality Integrity
Prevention
Accountability Audit Intrusion Detection
Non Repudiation Availability
Detection
Triage Recovery Reliability Corrective Action
Response
Awareness Commitment Action
Plan Enforce Check Improve
Systems Network Applications Tools
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12648 Agave Bay Street Victorville,
Victorville, CA 92392, USA
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