Magellan Solutions

APRIL 24, 2023

Stay Ahead of the Compliance Game: How Insurance Companies Can Meet Regulatory Requirements Nowadays, businesses should be up-to-date with the governing laws on data security. Outsourcing insurance compliance services can assist businesses with the changes in regulatory compliance.

Insurance 97

Insurance Reduced Costs Outsourcing Call Center 97

Everest Group

APRIL 4, 2023

Heightened momentum for technology-first and automated operations is elevating customers’ need for greater convenience, instant gratification, faster turnaround time, and more self-service options. Read on to learn more about the zero-touch claims of the future vision and how to achieve it.

Insurance 59

Insurance Analytics Right-Sizing Sourcing 59

31 West

DECEMBER 7, 2022

Cyber insurance is a policy that can help hedge a business from the potential fallouts of a cybersecurity attack. The article will look at cyber insurance – what it is, what it covers, what it does not cover, and why it is essential for technology-oriented businesses today. What is Cyber Insurance? Notifying Customers.

Insurance 130

Insurance Cybersecurity Regulations Software 130

Everest Group

OCTOBER 7, 2023

Property and Casualty (P&C) Insurance BPS Enterprises have been increasingly turning to P&C insurance BPS providers during the recession to address elevated operating costs resulting from heightened inflation, which has led to increased claims expenses and rate adjustments for various P&C products.

Insurance 64

Insurance Human Resources Payroll Outsourcing 64

Hyland

OCTOBER 17, 2022

In less than five years, insurers have gone from highly skeptical to fully embracing cloud-first strategies. A cloud computing platform allows insurance companies, with the help of software vendors, to create and host applications in the cloud without being concerned about the infrastructure the application will run on. Integration.

Insurance 98

Insurance Advisory Research Out-Tasking 98

Everest Group

MARCH 10, 2023

Cloud computing presents a huge opportunity for insurers to drive growth, improve efficiency, and deliver innovation, among other benefits. Read on to learn about the coming phase of industry cloud and the key role system integrators (SIs) can play in advancing cloud adoption in insurance. Let’s explore this opportunity further.

Insurance 52

Insurance Analytics Efficiency Administrative 52

Automation Anywhere

SEPTEMBER 16, 2020

Property and casualty (P&C) insurance, also known as non-life or general insurance , refers to a range of coverages including property insurance that covers items such as automobiles, homes, or commercial buildings, as well as casualty insurance that covers legal liability for injuries or losses incurred by a third-party individual or business.

Insurance 97

Insurance Automation Robotics Process Automation Analytics 97

Magellan Solutions

FEBRUARY 15, 2024

With rising costs and complex regulations overwhelming healthcare providers, partnering with overseas business process outsourcing (BPO) companies has become a strategic necessity. What Defines The Best Patient Care Services Phone Calls? Patient care services are an extension of health care in itself.

Call Center 52

Call Center Healthcare Outsourcing Insurance 52

Automation Anywhere

SEPTEMBER 17, 2022

As with any other industry, the insurance sector is under immense pressure to increase efficiency and remain competitive in an increasingly digital business landscape. To address this challenge, insurance companies can use Robotic Process Automation (RPA) and artificial intelligence to drive growth. Manual processes.

Reduced Costs 52

Reduced Costs Robotics Process Automation Management Insurance 52

Everest Group

MAY 24, 2023

As the insurance industry undergoes a paradigm shift post-pandemic, digital transformation can improve customer experience and engagement. Partnering with service providers will help insurers overcome barriers and improve efficiencies. Read on to learn more. Reach out directly to discuss or for more information.

Insurance 52

Insurance Risk Management Risk Management Analytics 52

AS White Global

NOVEMBER 25, 2021

Healthcare outsourcing services through an offshore staff can provide vital support to medical practitioners and healthcare providers so they can focus on their core duties. Medical institutions and healthcare providers can rely on the services of an integrated offshore team for information systems management. Claims processor.

Offshoring 98

Offshoring Healthcare Jobbing Data Entry 98

Perficient Digital Transformation

OCTOBER 7, 2022

The Insurance Information Institute, an industry-funded research group, estimates that Ian has caused at least $30 billion in damage. Now that the storm has passed, residents are scrambling to assess damages to their homes and businesses and, if insured, begin the claims processes with their insurers.

Insurance 64

Insurance Banking Flexibility Research 64

Hyland

OCTOBER 31, 2022

In this piece: What is claims leakage? Reducing claims leakage. Claims has been a top concern for property and casualty insurers , especially with recent events such as the COVID-19 pandemic and the ongoing threat of natural disasters. Claims in sectors like auto insurance increased in severity in recent years.

Efficiency 52

Efficiency Insurance Analytics Sourcing 52

Offshore India Data Entry

DECEMBER 10, 2021

Healthcare workers need to process their documents as quickly as possible. Not like any other industry, the healthcare service department has more relevance in today’s world. Let us see how form processing services accelerate the healthcare industry. What Covers Document Processing? How does it Help Business?

Healthcare 98

Healthcare Data Entry Insurance Offshoring 98

Everest Group

OCTOBER 26, 2023

Cloud Services in Insurance The insurance industry has been relatively slow in adopting digital measures due to regulatory constraints and product complexities. In the past, insurers have embraced cloud technology as one of the prominent technologies. However, carriers are embracing the change to become risk mitigators.

Insurance 64

Insurance Service Resource Optimizing Marketing 64

Everest Group

MAY 19, 2023

Life and Annuities (L&A) Insurance BPS and Third-Party Administrator (TPA) PEAK Matrix® Assessment The global Life and Annuities (L&A) insurance industry has recovered from the pandemic, but it now faces macroeconomic uncertainties.

Administrative 52

Administrative Insurance Human Resources Finance 52

Perficient Digital Transformation

JULY 19, 2023

One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry. By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions.

Insurance 52

Insurance Automation Streamline Operations Reduced Costs 52

Everest Group

MARCH 23, 2023

Capital Markets Operations – Services PEAK Matrix® Assessment The capital markets operations landscape is rapidly evolving as enterprises strive to meet the demands of a new generation of customers, reduce cost pressures in a recessionary environment, and adhere to regulatory changes.

Marketing 98

Marketing Robotics Process Automation Service Insurance 98

Magellan Solutions

NOVEMBER 7, 2022

Insurance Back Office Support Tasks for 2023. Why do people get insurance back office support? Staff and insurance firms can find it hard to keep clients happy. Insurance companies use various ways to improve their business processes. Insurance companies need back office support for a lot of reasons.

Insurance 75

Insurance Outsourcing Out-Tasking Offshoring 75

Everest Group

APRIL 13, 2023

Group Life Policy Administration Systems (PAS) Products PEAK Matrix® Assessment – North America Group life insurers are increasingly looking to modernize their core platforms to address the limitations of their legacy core systems and drive transformation to future-proof their IT infrastructure.

Administrative 52

Administrative Insurance Marketing Service 52

Magellan Solutions

JULY 17, 2021

Let’s check some insurers’ responsibility and why it is practical to just outsource claims processing. Outsource claims processing has become a reliable solution for insurance companies wanting to optimize their operation. . Correspondence with insurance agents and beneficiaries. Billion as of 2020.

Insurance 52

Insurance Outsourcing Call Center BPO 52

Everest Group

MARCH 23, 2023

Capital Markets Operations – Services PEAK Matrix® Assessment The capital markets operations landscape is rapidly evolving as enterprises strive to meet the demands of a new generation of customers, reduce cost pressures in a recessionary environment, and adhere to regulatory changes.

Marketing 86

Marketing Robotics Process Automation Service Insurance 86

Everest Group

DECEMBER 16, 2022

Everest Group estimates the massive economic value insurance enterprises can generate by tapping their vast data pools to achieve operational efficiency and drive premium growth. By investing in becoming data-centric organizations, insurance companies can unlock a collective economic value of US$874 billion, according to Everest Group.

Insurance 52

Insurance Analytics Research Efficiency 52

Magellan Solutions

SEPTEMBER 18, 2023

Hence, AI can speed up the diagnostic process, helping healthcare professionals make more informed decisions. Medical Claims Processing AI-powered systems are like smart assistants for processing medical claims. Also, healthcare places like clinics and hospitals can use AI to learn from past claims.

Healthcare 98

Healthcare Research Efficiency Insurance 98

AS White Global

AUGUST 10, 2022

In recent years, insurers have relied on outsourcing insurance services to give them a significant edge in this highly competitive industry. Insurance companies have had to adapt to changes in regulations and to their customers’ evolving needs in response to the pandemic situation.

Offshoring 52

Offshoring Insurance Service Data Entry 52

Perficient Digital Transformation

APRIL 25, 2022

In our previous blogs , we’ve documented how insurance is a complicated product for the traditional commerce process. Insurance is one of the few products that is purchased that one hopes to never have to use – fulfilling a claim means something bad has happened.

Insurance 98

Insurance Service 98

Metasource

NOVEMBER 30, 2021

Insurance companies manage daunting amounts of paper mail daily, such as claims, checks, grievances and appeals (G&A) , and enrollment forms. Mail needs to be opened, sorted, and sent to the appropriate department or person so processing can begin and can be incredibly time-consuming if done manually.

Insurance 52

Insurance Outsourcing Reduced Costs Customer Service 52

Automation Anywhere

NOVEMBER 23, 2021

The healthcare industry processes 30 billion transactions annually, at a total cost of more than $250 billion, according to PwC. Most of these transactions are processed manually. It takes human error out of the equation in simple and complex workflow processes. The reason for the high expense?

Healthcare 80

Healthcare Automation Robotics Process Automation Administrative 80

Hyland

OCTOBER 11, 2022

In this piece: What is intelligent document processing? Why is document processing important? The benefits of intelligent document processing. How does intelligent document processing work? Use cases for intelligent document processing. What is intelligent document processing (IDP).

Robotics Process Automation 98

Robotics Process Automation Automation Insurance Out-Tasking 98

Everest Group

NOVEMBER 28, 2023

The Managing General Agent (MGA) sector is a bright spot in a turbulent insurance market. Technology investments and strategic partnerships will be key to redefining risk and driving innovation for these specialized insurance agents/brokers. The data provides a compelling sense that MGAs have a bright future ahead.

Insurance 59

Insurance Service Co-Sourcing Analytics 59

Everest Group

MARCH 17, 2023

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

Magellan Solutions

MAY 22, 2021

The Philippines can provide solutions and services from certified medical professionals. Healthcare processes are very patient-centered. Just like the usual BPO companies, healthcare support services: Build a better doctor-patient connection. We achieve this through our top-notch services. Round-the-Clock services.

Insurance 52

Insurance BPO Call Center Healthcare 52

Everest Group

APRIL 21, 2023

With pension risk transfer (PRT) activity hitting post-pandemic record highs of $53 billion in North America market volume last year, this growing market represents a massive untapped opportunity for technology and services providers to leverage their retirement and pension expertise to deliver new solutions.

Insurance 52

Insurance Administrative Accounting Marketing 52

Perficient Digital Transformation

MAY 16, 2022

It’s hard to believe we are more than halfway through our blog series on commerce for the insurance industry. Reflecting on opportunities to improve commerce in the insurance industry and find ways to positively impact this industry with new opportunities with my colleague Beth Duerr has been exciting. . But relatively… .

Insurance 69

Insurance Marketing Service 69

IBM Business Partners

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 59

Insurance Administrative Right-Sizing Automation 59

Amzur

JANUARY 10, 2024

Some may see an opportunity to leapfrog the competition by revamping their processes and delivering innovative applications and value faster. AI Implementation For Small Businesses: For successful AI implementation, organizations must focus more on business challenges and how AI can add value to their processes and meet objectives.

Data Entry 105

Data Entry Right-Sizing Robotics Process Automation Automation 105

Hyland

JUNE 13, 2022

The influx of new applications, data and processes, especially in the absence of clear communication, change management and thoughtful integration, can create gaps in automation and in integration with legacy systems. This may result in employees creating manual workarounds for new inefficiencies, security weak spots and process gaps.

Robotics Process Automation 98

Robotics Process Automation Human Resources Out-Tasking Automation 98