• 8
  • 9
  • 10
  • 11
  • 12
Insurance Services

Outsourcing Insurance Services to India

The potential insurance outsourcing market is enormous, with nearly 3,000 insurance companies in the US alone. Globally, the banking, financial services and insurance (BFSI) verticals are the fastest growing segments in outsourcing.

There is considerable reduction in operating costs and increased profit margins through migration of paper processes via a secure transfer process. This is combined with reduction in business-process cycle time and elimination of duplicative tasks and unnecessary data entry processes. By outsourcing insurance services to India, you can benefit from reduced costs and increased profits.

AAA INFOTECH's Insurance Services Application Processing

Financial Analysis Services offered by AAA INFOTECH

Life Insurance Outsourcing Services

• New business
• Billing
• Customer Support
• Reference Data Management
• Claims Servicing
• Agency Management
• Regulatory Reporting

Offshore Annuity Insurance Services

• Plan Installation
• Payment processing
• Customer Support
• Plan Administration
• Asset Management
• Payout Administration
• Reference data management
• Claims Servicing
• Agency Management
• Regulatory Reporting

Property and Casualty Insurance Services

• Quoting processes
• Customer Support
• Claims Processing

The following are the advantages of outsourcing insurance services to AAA INFOTECH.

accounting

  • Low cost advantage
  • Established destination for outsourcing
  • Indian companies offer near-shore services
  • Indian IT outsourcers can leverage existing relationships with large insurers
  • Indian vendors are expanding organically and inorganically to establish a multi-location presence, to de-risk their business.
  • l

Outsourcing insurance services to India can help your business gain a competitive advantage!

Our Customers

Growth Drivers For Outsourcing Insurance Services

Several niche providers with relevant domain expertise are emerging, encouraging insurance companies to outsource more value-added services. The growth drivers are common to all verticals - cost saving, ability to focus on core processes of product development, innovation & marketing strategy and minimizing risk through multiple delivery centers. For the outsourcing insurance vertical, the critical drivers are:

• Shift of processes of various HMOs offshore
• Availability of credible service providers
• Insurance regulation and statutory documentation in the US
• Deregulation of insurance markets
• Availability of Specialized services thus allowing targeted concentration on core processes
• Improved business cycle times and improved speed to market

Benefits of Outsourcing Insurance Services

There is considerable reduction in operating costs and increased profit margins through migration of paper processes via a secure transfer process. This is combined with reduction in business-process cycle time and elimination of duplicative tasks and unnecessary data entry processes. Legal grade audit trail provision are provided for all transactions, leading to increased customer confidence and satisfaction through increased security. Outsource your insurance services to AAA INFOTECH and benefit greatly.