OVERVIEW - LOSS RUN PROCESSING SERVICES
Every now and then, insurance agencies across the globe are busy trying to obtain loss runs, possibly to cater to requests for renewals or for fresh insurance applications. Time has a crucial part to play in the overall process of getting loss runs. There exists a substantial threat for agencies to be barred by the underwriter in case the loss run reports are not provided to them in a timely manner, since there may be chances that an another agency may have obtained them and this could prove detrimental for the agency. The most optimal way to get loss run reports in a timely manner is to opt for outsourcing the complete process to an external company.
We at SOS have more than 9 years of experience in helping global insurance agencies as well as brokers’ process the loss run reports, promptly and effortlessly. We work hand-in-hand with the insurance carriers in lieu of the potential customers or existing agencies, which assists us in processing loss run requests on time. With accurate and detailed template-based requests and direct communication with all the insurance companies, we assure correct reports to help you drive maximum sales and keep ahead of your competition.
- File loss run report requests or reminders to companies
- Receive and analyze reports
- Submit claims reports during non-availability of reports
- Extract loss run details for helping in renewal of policies
- Study loss runs and prepare claims reports
- Inform underwriters regarding absence of loss runs
Get a Free Quote
Outsource loss run processing services to SOS and have your reports validated and followed up for any type of inadequate information. To start your free trial, fill the form on the right:
Our team at SOS is aware that even when a client carries a clean loss history, the report ought to be produced, anyhow, and substantiated to recognize the possible chances of a claim getting filed in the near future. We likewise know that even though the request may arrive right in the midst of an insurance policy term, or perhaps it may be a new client on the lookout for a different insurance company, the report has to be generated.
Our team can easily get loss runs processed on any of the client’s software, instantly and correctly. We help you in identification of data that is not accurate and claims that are void, making it easier for you to notify your customer on aspects impacting their insurance premium. Our team can assist you with a comprehensive analysis of every policyholder’s loss run report, facilitating them in determining the best way to save on premiums.
In the instance of major loss reports, which are generally brimming with details, we help you arrange the data in an organized manner. Our solution for insurers can assist them in processing new businesses considerably faster, and conceivably retain a lot more clients.
We, at SOS, have a team of highly experienced and extensively skilled insurance professionals who ensure seamless processing of loss runs.
We have insurance agencies all across the globe that trust us and our flexible work. We are quite experienced and thereby, our client base is increasing day by day.
Reduced Operating Costs
Outsourcing can help to save as much as 60% on the operating costs and also help in saving money on the recruitment expenses.
Support Multiple Software
Our in-house team can proficiently manage your insurance operations using major industry-recognized software.
We have world-class infrastructure and most up-to-date in-house technology to deliver the perfect loss runs processing solutions.
We sign non-disclosure agreements (NDAs) with our clients and you can be certain that any information you provide us is totally secure.
Fast Turnaround Time
We manage the complete loss runs process in a well-timed manner & assist the agencies to get to the underwriter's desk a lot quicker.
Flexible Pricing Plans
Our pricing plans are adaptable in every possible way—from scale, cost to size. We tailor-make insurance solutions to meet your needs
Every Business Is Unique.
Find Out How We Can Help Yours.
- Service and support beyond your expectations
- Get your team to do what is core to your business
- Customized solutions to suit your needs
- Helping you improve efficiency and profitability
- Our team is there to assist you 24x7
- Delivery of projects within the agreed time-frame