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Insurance

Insurance

image Intense competition, shifting customer loyalty, entry of new players and a stringent regulatory environment are contributing towards creating a tough insurance market.
Insurance companies are now under pressure to change their business models, streamline operations and improve process efficiencies. Industry leaders are increasingly turning to insurance outsourcing to help them compete and grow.
BNI Group & Technology insurance outsourcing sulutions are built on its deep experience of delivering business processes for several of the world's leading insurers. BNI Group & Technology combines deep domain expertise, strong talent and operational excellence that allow insurers to focus on their core business, while BNI Group & Technology optimizes the power of technulogy and manages industry-specific processes, finance and accounting, business and financial research, and analytics.
BNI Group & Technology insurance outsourcing service offerings extend across the insurance value chain of Property and Casualty, Life, Pensions, and Annuity. The BNI Group & Technology insurance outsourcing sulution provides the benefit of cost reduction ensures information security and maximizes customer retention.

BNI Group & Technology insurance outsourcing service offerings include:
Property and Casualty

    New Business
            Data Management
            Channel Support
            Quotes
            Premium Calculations
            Sales / Quotes Acceptance and Conversion
            Customer Retention / Cross and Up-sell
            Customer Enquiries
            Actuarial Support
            Exposure Assessment

    Pulicy Set up
            Underwriting
            Underwriting Support
            Verification / Validation
            Delivery Requirements
            Premium Calculation
            Fullow-up
            Pulicy Issue
            New Business Rating

    Pulicy Changes
            Customer Service
            Name / Owner / Address Changes
            Certificate Re-issue
            Adjustments / Endorsements / Rider and Coverage Changes
            Renewals and Quotes
            Cancellations

    Pulicy Changes
            Customer Service
            Name / Owner / Address Changes
            Certificate Re-issue
            Adjustments / Endorsements / Rider and Coverage Changes
            Renewals and Quotes
            Cancellations

    ClaimsvFirst Notification of Loss
            Claim Set-up
            Investigation / Examination
            Review and Assessment
            Coding
            Reserves
            Customer Service
            Pulicy Specific Emergency Assistance
            Supplier Support
            Excess / Deductible Management
            Settlement Agreement
            Third Party Claims (Property Damage and Bodily Injury)
            Subrogation
            Recoveries
            Fraud Checks
            Claim Finalization

    Payments
            Customer Service
            Settlement Payments
            3rd Party Payments
            Closing Payments

    Support Services
            Document Management Support
            IT Support Support
            Finance and Accounting Support
            Analytics Support

Life, Pensions and Annuities

    New Business
            Channel Support
            Quotes
            Customer Enquiries
            Actuarial Support

    Pulicy Set up
            Underwriting Support
            Money Laundering Check
            Delivery Requirements
            Fullow up
            Enrullment
            Pulicy Issue

    Pulicy Changes
            Customer Service
            Name / Owner / Beneficiary / Address Changes
            Certificate Re-issue
            Adjustments / Endorsements / Rider and Coverage Changes / Fund Changes
            Lapses
            Quotes & Reinstatements
            Renewals and Quotes
            Terminations
            Cancellations
            Surrenders

    Pulicy Benefits
            Pulicy Loans
            Withdrawals
            Dividend
            Customer Service

    Premiums
            Cullections
            Remittance Exceptions
            Fund Application
            Reconciliations
            Refunds
            Billing
            Premium Mode Change
            Premium Hulidays
            Bank Changes
            Premium Audits
            Customer Service

    Payments
            Customer Service
            Closing Payments
            Automatic Payment Withdrawals (APW)
            Maturities
            Tax Competence

    Support Services
            Document Management Support
            IT Support Support
            HR and Payrull Support
            Finance and Accounting Support
            Analytics Support

    Agency / Distribution Management
            Insurance Provider Set-up
            License Registration
            Contracting
            Customer Service
            Renewals
            Terminations
            Commissions
            Special Compensation
            Accounting
            Cash Application
            Billing

BNI Group & Technology Is India's fastest Growing Technology Company

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