Month: March 2015

Property Insurance Outsourcing


Property insurance outsourcing is start gain popularity among insurance companies. The insurance industry is facing challenge and to maintain a consistency in their core competencies, they have turned to property insurance outsourcing companies for help.

These companies who accept the idea of outsourcing property insurance have realized that matter always involves risks. With the competition today, property insurance outsourcing offers better facilities with lower cost.

Cognizant Property Insurance Outsourcing Solutions

Cognizant is an IT property insurance outsourcing company offered rating engines, fraud management systems (sixth sense), claim management and administration frame work (optima claims), BI for P&C, and portal consolidation. Also provide accelerating project execution and delivery experience and methodologies.

Cognizant handle more than 7 million life and annuity policies in a year, 2 million customer contact, and $12 billion in new life insurance premium.

Accenture Property Insurance Outsourcing

Accenture help insurer to streamline and simplify the operations, not just to reduce cost but to improve agility and free up resources in ways that help their organization to generate new business. Accenture’s provide Property and Casualty Policy Service that support administrative for underwriting and policy services with decision tools to automate underwriting risk selection and pricing.  Accenture’s also provide Property and Casualty Claim Services to help insurer focus on customer service to build loyalty and organic growth. This includes automating high-frequency, low severity claims, and facilitating the settlement of high-severity claims.

CSC Property Insurance Outsourcing Solutions

CSC’s range of outsourcing solutions maximizes flexibility and choice. From policy administration services to applications management and infrastructure support, CSC’s outsourcing team allows you to focus on your business while reducing costs up to 30 percent.

CSC to provide application maintenance services for insurance policies that run on CSC’s software. CSC’s global application outsourcing team supports full life cycle production for applications — maintenance, enhancements, development, upgrades, production support and user support. CSC’s application outsourcing team also supports third-party applications.

Besides offering property insurance outsourcing solutions, CSC also offers application outsourcing services, business process outsourcing, infrastructure outsourcing service, and staff augmentation service. These functions of CSC property insurance outsourcing solutions include policy administration over the Internet, billing and payment processing, customer service, compliance and reporting.

Results International Systems (RIS) Property Insurance Outsourcing Solutions

September 01, 2004, Results International Systems, Inc. was acquired by Fiserv, Inc. Results International Systems, Inc. operates as an insurance processing service and application service provider for the casualty insurance industry and property, and managing general agencies.

Its services include business process consulting, project management, disaster recovery, form printing, point-of-sale processing, quality assurance management, bill payment, Web enablement and development, applications development, test plan design and execution, business process re-engineering and workflow design, disaster and backup recovery, rating, and integration of functions hosted on various environments.

RIS is an award-winning Information Technology service provider of property insurance outsourcing solutions. RIS offers a broad range of property insurance outsourcing solutions that are customized to client’s unique requirements.