Outsource Insurance Agency Management Services to increase bottom lines
Are you looking for a way to improve your insurance agency's efficiency and bottom line? Insurance Back Office Pro (IBOP) brings an array of customizable services for insurance agencies seeking to outsource their management services. Our insurance pro agency management system comprises a wide range of services, including new business services, policy management, commission management, insurance reporting, claims data entry, claims management, and insurance accounting, to name a few.
We thoroughly understand your requirements and design an action plan which includes verifying and validating data, formatting the data to the required format, and transferring completed work. IBOP prides itself on its team of over 200 reliable insurance managers, its robust workflow structure, the use of the latest tools and agency pro insurance software, the latest data security, and backup. We enable a 30% reduction in operating costs with industry best practices.
End-to-End Insurance Agency Management Services
We offer a range of new business services to agencies, including:
New Business Services
We undertake accord forms, document uploading, and quote creations. We also assist in invoice data entry services, policy checking, registering payment details, etc.
Policy Management Services
Our comprehensive policy management services for agencies include policy renewals, policy issuance, insurance endorsements, and policy checking services.
Commission Management
From commission data entry to commission accounting, we meticulously take care of every aspect of commission management.
Insurance Reporting
We have wide experience in generating agent commission reports, finance reports, accounts reports, policy listing reports, etc.
Insurance Claims Data Entry
We help agencies keep their database up to date, be it health, life, and general insurance, including individual final settlement to workers' compensation insurance data entry.
Claims Management
We specialize in all critical aspects of claims management, which includes claims verification and validation, claims processing, claims adjudication, etc.
Insurance Accounting
We offer accounting services such as accounts payable, accounts receivable, bank account reconciliation, and we prepare for taxation and audits too.
A Peek into Our Insurance Agency Management Process
- We understand your specific requirements and design a plan to meet your specific needs.
- We share our plan with your in-house teams and identify areas for improvement.
- We form a team to implement the plan, led by an expert who serves as a one-point contact for all your needs.
- All recorded data or accounting functions undergo multiple levels of quality checks to ensure accuracy.
- The recorded insurance data is processed systematically to be dispatched to the client in the required format.
- The verified and formatted work is transferred to the client.
Grow Your Revenue with Our Insurance Agency Processes
Increased efficiency:
By outsourcing tasks such as policy renewals and claims processing, our process can free up your time to focus on generating new business.
Improved customer service:
Our process can help you provide better customer service by streamlining communication and making it easier to track customer interactions.
Reduced costs:
You're able to take advantage of economies of scale, where you get the same services for less money than if you were to handle them in-house.
Increased compliance:
Stay compliant with industry regulations with our tools and resources, which help you meet your obligations.
Enhanced security:
Our process can help you protect your customers' data and build trust by implementing security measures that meet industry standards.
