Insurance Policy Management Services - Transform Your Insurance Business

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I N S U R A N C E
P O L I C Y
M A N A G E M E N T S E R V I C E S S I M P L I
F Y Y O U R I N S U R A N C E B U S I N E S S
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The goal of an industry specialist or
consultative insurance broker is to
strategically partner with clients and provide
innovative, responsive, and cost effective
solutions that mitigate the risk of an
enterprise. The process of establishing
insurance polies begins with developers or
project owners identifying the risks that they
need or want to cover.
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WHAT ABOUT INS UR ANCE
P OLICY
MANAG E ME NT? The insurance policy management
protects a policyholder from money damages
arising from a tort, however most liability
policies also protects the policyholder from
additional costs including, but not limited to,
the cost of investigation and defense of a
claim. It should be noted that most insurance
policies are primarily designed to protect the
policyholder from money damages arising from the
negligence of that policyholder.
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HOW TO CHOOSE THE BEST INSURANCE POLICY
MANAGEMENT SERVICES?
By finding solutions for Todays Challenges in
the Insurance Industry Choose the right
insurance outsourcing partner!! See what you can
do better Try to make the strategy Maintaining
the Right resources Keeping Customers by
quickly satisfying demands
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Insurance Policy Management Services?

• Policy Renewal Services
• Policy Checking Services
• Filings with the state government websites
  (e.g. Stamping Office)
• Order Loss Runs
• Coordinate with finance companies on Premium
  Finance Agreements
• Policy Issuance Services
• Insurance Endorsements
• Policy Maintenance and Administration Services
• Policy Cancellation Reinstatements Services

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POLICY RENEWAL SERVICES
Policy Renewal Services Insurance is a long
term contract. To keep the policy cover active,
one needs to keep paying premium regularly till
the end of contracted term. It can be done by
following methods Payment by Cheque Payment by
Credit Card Payment at ATM Payment through
SMS Bank Account Auto-debit Facility Bank
Collection Centers Online Payments Mobile
Payments
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Policy Checking Services Policy Checking
Services It is a process wherein the renewed
policy is checked to ensure that it matches the
proposal term policy that was created before
renewal. All the variances are recorded in a
document which is then sent to the insurance
broker. It is a huge time saving process for
insurance brokers. Policy Issuance
Services Policy Issuance Services Policy
issuance is the process of creating an insurance
policy and providing it to the policyholder. The
services use for this purpose is known as policy
issuance services. The policy owner must be
permitted to convert it in traditional whole
life insurance within 24 months of policy
issuance.
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Insurance Endorsement Insurance Endorsement An
insurance endorsement is an amendment or
addition to an existing insurance contarct which
changes theterms or scope of the original
policy. Endorsement may be also be reffered as
riders. It may be used to add, delete, exclude or
otherwise alter coverage. Insurance endorsement
are used in property and casualty
insurance. Policy Maintenance and
Administration Services Policy administration
system is used to execute a number of core
policy processes, including rating, quoting,
binding, issuing, endorsement and renewals. It
is the system that records all policies that an
insurance company has written.
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Policy Cancellation Services Policy Cancellation
and Reinstatements Services An insurance policy
may be cancelled before the maturity. This has
affected the policy coverage on the date of
policy cancellation. The services used for this
purpose are called policy cancellation
services. Policy Reinstatement Services Policy
Reinstatement allows a previously terminated
policy to resume active coverage. In case of
nonpayment, the insured may be required to
provide evidence of eligibility, such as taking a
medical examination for life insurance, or pay
the insurance company for the missed premium
dates. The services used for this purpose are
known as policy reinstatement services.
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SIGNIFICANCE OF OUTSOURCING INSURANCE POLICY
MANAGEMENT SERVICES
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Scalability Cost Saving Maximizing Efficiency
Mitigating Risk for Enterprise
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HOW OUR MODE L WOR KS
This is the area where small, medium and large
sized firms can perform better from their
competitor by choosing the right insurance
policy management partner. Cogneesol is a leader
in the field of outsourcing insurance
back-office services and provides end-to-end
insurance policy management services to the
insurance companies worldwide.
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What You Gain?
More time and resources to address strategic
business initiatives Automated and standardized
processes that help you provide a higher level
of services to internal and external customers
alike The ability to prove chain-of-custody and
ensure that policies are managed in a
consistent, compliant manner. Round the clock
operations Assured Data Security
Confidentiality
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COGNE E S OL

• Are you thinking about outsourcing your insurance
  policy management services, We at Cogneesol, a
  US based business outsourcing service provider
  will give you the opportunity of outsourcing
  insurance back-office services.
• Cogneesol will provide you the experienced team
  of experts to examine your core and non-core
  insurance related problems and gives you the
  better idea of outsourcing these services to
  enhance the productivity of your insurance
  business.
• Cogneesol a reputed business outsourcing firm
  will provide you the most stable and
  cost-effective insurance outsourcing services for
  your business developments by saving the time to
  focus on core and non-core activities of
  insurance business processes.
• Why you Choose us?
• Lowering operational costs
• Suitable utilization of time
• Increasing efficiencies while focusing on your
  core insurance activities
• Dependable customer support
• Get access to professional staff confident of
  handling your insurance back-

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• AVAIL A 14 DAY FREE TRIAL!

Cogneesol
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Contact Us Phone [phone] Address 30
Wall Street, 8th Floor New York, NY
10005-2205 Email info_at_cogneesol.com
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To Know More You Can Visit Here
https//www.cogneesol.com/policy-checking-services
https//www.cogneesol.com/policy-issuance-servic
es https//www.cogneesol.com/blog/modernize-insur
ance-policy- administration-system/ https//www.
cogneesol.com/blog/save-big-by-outsourcing-
insurance-policy-management/ http//www.insurancej
ournal.com/ https//en.wikipedia.org/wiki/Insuran
ce
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THANK YOU FOR YOUR TIME