Insurance Claims Outsourcing Services
An insurance claim company has to deal with large volume of data mostly pertaining to insurance claims. These data often needs to be entered in a database in specific formats in order for the insurance company to review and verify the claims and to have an organized record of them.
If you are looking for insurance claims outsourcing services, consider hiring ASL BPO. We are one of the leading outsourcing companies in Bangladesh who are experts in handling insurance data entry projects from USA, Canada, UK & Australia.
By hiring us, you ensure that you save a significant business cost and that your project is run by professionals in the field.
Why Outsource Your Insurance Claims Processing?
Processing Insurance Claims is one of the major parts of back-office operations in the Insurance Industry. The volume of which is only growing due to constant payouts being done for matured insurances and various disasters & damages to which insurances were made. Data entry of insurance information is important because with the growing volume many insurance companies would find backlog and delay in processing these claims if they did not choose to hire an outsourcing company.
What are The Benefits of Outsourcing Insurance Data Entry Projects?
There are two major advantages in regards to hiring an outsourcing company, which are:
Focusing on the core aspect of the business: An insurance company's main business focus is to strategize new policy schemes and sell them to its customers. Through outsourcing tedious and laborious jobs like data processing claims handling & management, insurance companies can refocus on their core operations which is to sell schemes and provide a high level of customer service.
Cost Reduction: Due to the large volume of claims that needs processing, insurance companies would need to do large investments on infrastructure. This not only includes installing sophisticated software and security systems but also recruiting and training man power. By hiring an outsourcing company for insurance claims, insurance companies will be able to reduce their cost by a large margin and stay competitive in the market over others who don't outsource.
Factors That Make Insurance Claims Outsourcing More Beneficial
Complex process of eligibility assessment of claims: Eligibility assessment constitutes a very complex process of verifying authenticity of claims, settlement in scenarios such as disasters and damages, etc. These tasks distract an insurance company from its core operations and as such is of the main factors why outsourcing becomes more beneficial.
Swift adjudication and disbursement of settlements: Schemes are sold so that when the customer asks for the funds after it matures or when an early claim due to unforeseen circumstance is made, the disbursement will be done quick. With the large volume of claims, literally in the thousands that needs settled every day, any insurance company can get back-logged pretty quickly if the data processing is not handled efficiently. Thus making it another crucial reason why outsourcing is needed.
Why Choose Our Services?
We Have the Expertise
Our company has been providing data entry services since 2014. We have years of experience in this field and provide detailed solutions tailored to your needs.
We have expertise in the insurance claim data entry work in areas such as medical claim, general claim, mortgage claims and in other claims as well. Our thorough knowledge in the field along with our stringent quality assurance ensures that we deliver you quality work at of 99% accuracy.
Data Security at its Finest
We give great importance to data security. We have stringent security and monitoring systems placed in our office premises and adhere to the IT security law of the country as mandated as compulsory for all BPO companies by the government. The manual which serves as the guidance to be adhered to follow the law is called the Government of Bangladesh Information Security Manual (GoBISM) and is based on internationals standards of ISO/IEC 27001 and ISO/IEC 27002. To which we strictly adhere. This manual can be fully reviewed by any potential client on this link.
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