LSQUARE helps insurance companies identify non-core yet critical business processes that can be outsourced, allowing for increased focus on the bottom line and on staying competitive.
Business Challenges
- Reducing profits on booked revenues against the rising cost of supporting policies.
- Achieving greater returns on IT investments.
- Managing reinsurance systems.
- The cost of supporting booked policies in complex market capital conditions.
What LSquare Offers
With a strong domain expertise gained by working with major insurance carriers across the globe, LSQUARE has developed its insurance BPO services to address the insurance value chain. In discrete end-to-end administration mode, LSQUARE’ BPO services include:
- Claims Administration
- Closed Book Administration
- Policy Servicing
- New Business Servicing
LSQUARE strategic acquisitions of Phoenix Global Solutions – USA (captive for Phoenix Life), operations of Pearl Group – UK (setting up a new FSA regulated entity Diligenta), and Comicrom – Chile (providing Spanish support to Latin American pension companies) have further enhanced its business process efficiencies. LSQUARE offers platform-based solutions providing both technology and process components.
Business Value
LSQUARE’ Global Network Delivery Model™ ensures that customers benefit from:
- Low-cost, high-quality results
- Reduced risks
Next Steps
Please check LSquare case studies to experience solution
To know more about ICT service on your requirement, please do write us at askus@lsquaresolutions.com