Techsourceout understands the challenges insurers face as they seek greater flexibility to deal with growing competition, new and emerging sales and distribution channels, rising operational costs, changing consumer preferences and behaviors, and the consolidation and convergence of services. All this coupled with a localized, dynamic, and stringent regulatory environment, the need for streamlined efficient and effective operations is more imperative than ever. Insurers also look to expand their geographic, consumer, and product base while maintaining adequate capital, managing risk, retaining business and containing costs. As a result, insurers are facing increased margin pressure as they work to control overhead costs.

Sales & Distribution & Product Management

    Actuarial data processing
    Actuarial analysis and review
    Price Optimization
    Loss Modeling
    Pre and Post Underwriting
    Proposals, illustrations
    Fund Application
    Application Entry
    Pre-Screening
    Member enrollment and management
    New Business Set-up
    Indexing

Insurance Analytics

       Sales & Marketing Analytics
       Competitive Market Analysis
       Campaign,Design,Management,
         Execution and Effectiveness
       Customer Segmentation
       Customer Acquisition,Churn &           Retention Analytics
       Cross-Selling or Up-selling
       Pricing & Underwriting Analytics
       Pure Premium Models
       CAT Modeling

Policy In-force Administration

       Policy Processing
       Renewals & Endorsements
       Address/ Nominee Changes
       Mid-term Adjustments
       Correspondence
       Coverage Verification
       Exception Processing
       Transfers & Rollovers
       Loans & Withdrawals
       Premium Audit Scheduling
       Customer service