A certificate of insurance (COI) is a document that can be presented by an insured as evidence to a third-party of being insured. It...
Insurance carriers get thousands of fresh insurance policy applications from their agents and just as many renewal requests on a regular basis. Often, insurers...
Insurance claims processing is a secondary process, which involves accurately documenting, verifying, and validating the insurance claims to avoid potential errors. Filing of insurance...
Insurance fraud is the second greatest financial crime undertaken in the US; with the first being tax fraud. Every year, over $80 billion worth...
Insurance companies have to deal with an unprecedented amount of data on a daily basis. They are required to analyze and process these volumes...
Outsourcing has been quite an effective solution for multiple industries across the board for a while now. It is largely used to promote the...
It should come as no surprise that insurance companies have identified their reliance on legacy systems as their greatest barrier to digital transformation. Policy...
What is Insurance Process Outsourcing? Insurance business process outsourcing (BPO) is the act of outsourcing various insurance processes to third-party firms that have specialized...
The availability of real-time analytics has been a game changer for the insurance industry. Would you believe that a 2018 Forbes magazine article said...
The industrial age marked an exponential increase in production and quality because of the economies of scale that resulted from the introduction of machinery...