Business Process Outsourcing services
We assist in achieving your most intricate business goals with tailored solutions aimed at enhancing performance, productivity, and profitability.
New Business and Underwriting
Exceptional service is crucial for acquisition and retention. Outsourcing administrative tasks and establishing a dedicated team ensures precision execution, empowering you to deliver the service necessary for business growth and retention.
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Rating
Our highly experienced and fully qualified team excels in real-time rating and quoting tailored to customer needs, efficiently gathering all necessary information for each Acord application. By entrusting these tasks to Selectsys, your underwriters can operate with enhanced efficiency and effectiveness.
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Renewal & Retention
Maintaining clients is paramount for profitability, especially in insurance where it hinges on renewals. We'll assist in establishing a systematic approach to renewal dates, optimizing retention rates.
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Policy Services
Our specialized support team offers comprehensive expertise across the policy life cycle, from New Business initiation to Final Audits, ensuring swift and high-quality policy transactions.
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Accounting
Efficient revenue management is vital for business success. We handle everything from report generation to overdue payment notifications, ensuring revenue collection and minimizing non-collectables.
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Claims
Managing claims is integral to policy life cycles. Selectsys serves as the intermediary between insured parties and insurers, facilitating the entire claims process.
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Quality & Consistency
Clarity in documented processes is paramount. We'll collaborate with your experts to review and create comprehensive step-by-step training materials, enabling process refinement, heightened efficiency, and consistency, while minimizing E&O risks
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Policy Issuance
Policy issuance is a critical phase in the insurance lifecycle, demanding meticulous attention to detail and accuracy. Selectsys offers a comprehensive solution to expedite this process, ensuring error-free policy documents while saving time and resources.
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Notice of Cancellations
A Notice of Cancellation (NOC) signifies potential policy termination, often requiring meticulous handling and timely delivery. Selectsys offers a comprehensive solution to streamline NOC issuance, ensuring adherence to deadlines and enhancing communication with insured parties.
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Cancellations
Cancellations come in various forms, each with its own refund structure and implications. Selectsys offers a streamlined approach to handling cancellations, ensuring promptness and accuracy for optimal refund outcomes.
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Notice of Reinstatements
Notice of Reinstatements (NORs) signal the revival of inactive policies, demanding timely and accurate processing. Selectsys offers a comprehensive solution to streamline NOR handling, ensuring prompt reinstatements and seamless communication with stakeholders.
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Endorsements
Endorsements are vital documents that modify existing insurance policies, often requiring prompt and accurate processing. Selectsys offers efficient endorsement handling services to wholesalers and MGAs worldwide, ensuring seamless policy adjustments and improved operational efficiency.
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Certificate of Insurance
Certificate of Insurance (COI) issuance is vital for confirming policy existence, yet often time-consuming due to verification requirements. Selectsys ensures swift and accurate COI processing, safeguarding both insured and insurer interests while enhancing customer satisfaction.
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Inspections
Insurance inspections play a crucial role in assessing risk and ensuring proper coverage for businesses. Selectsys offers seamless handling of both phone surveys and physical inspections, empowering insurers to make informed decisions and businesses to obtain the coverage they need.
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Premium Audits
Selectsys offers comprehensive premium audit solutions designed to maximize accuracy while minimizing hassle for insurance providers. By streamlining premium audit processes with precision and efficiency, Selectsys ensures timely resolution of complex calculations and administrative tasks.
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Binder and Policy Follow-Ups
Binder and Policy Follow-Ups, managing routine follow-up emails is vital yet repetitive. Delegate this task to us to ensure timely delivery of necessary documents to your insured, freeing you to concentrate on other business priorities with confidence.
Policy Checking and Quality Control
Policy Checking / Quality Control ensures policy accuracy by cross-referencing with quotes, binders, and relevant bind request details. We provide peace of mind by swiftly addressing any discrepancies to ensure your insured receives an accurate policy promptly.
Certificate Processing
Certificate Processing may seem quick but can consume considerable time, especially during renewals. Entrust us to swiftly and accurately handle each certificate request, ensuring your insured obtains what they need with minimal effort on your part—simply send us the request, and we'll take care of the rest.
Endorsement Processing
Endorsement Processing ensures accuracy and completeness in your management system, crucial for error prevention, particularly during renewals. Let our expert team handle the endorsement processing, freeing you from the hassle of managing files or emails and allowing you to concentrate on your client
Downloads from Carrier Portals
Downloads from carrier portals often get overlooked amidst other tasks. Let Selectsys manage this process by logging into carriers' systems, retrieving important documents, and seamlessly integrating them into your management system, ensuring you never miss a critical update and alleviating unnecessary stress.
Renewal Processing
For Renewal Processing, our Selectsys team is dedicated to ensuring a seamless and continuous renewal process. We'll update your management system with accurate policy details, based on the provided data, ensuring it remains current and precise.
Claims
Claims are an inevitable aspect of insurance, requiring prompt and efficient handling to prevent oversights. Entrust us with the claim details, and we'll swiftly update your system, enabling your claims department to initiate action promptly.
