Insurance
To remain a strong market player insurers need to improve the effectiveness of both online and offline operations.
The insurance industry has transformed in recent times. Lifestyle changes, the Internet and the emergence of ‘no win, no fee’ services has lead to a boom in the number of insurance policies and claims being processed. Insurers face increased government regulations, escalating claim costs and a greater competitive threat from new web-based banks offering rival products. As a result, the insurance market has become highly competitive with a number of new direct sales channels emerging.
BancTec has helped insurers achieve competitive advantage by integrating the Internet into a multi-channel strategy, enabling straight through processing of information to the back office, without the need for data re-entry. Using the latest in document capture, business process management and storage techniques, insurers can gain greater cost efficiencies in processing their correspondence, email and faxes, while simultaneously increasing customer service value.
BancTec’s go to market strategy is one of collaboration by working with key industry partners such as The CAS Network and The Trident Consortium to leverage increased business benefits to deliver a truly value based outcome.
BancTec’s Insurance Claims Outsourcing Brochure provides information on our insurance services developed specificallly for the London broker market for managing the run-off claims process.
Insurance Claims Outsourcing Brochure
