Setting up a new insurance business is no small task – it requires expertise and hands-on experience. Our insurance new business services providers cover every business setup step with care – from quote management to prospect setup and policy issuance.
Setting up a new insurance business is no small task – it requires expertise and hands-on experience. Our insurance new business services providers cover every business setup step with care – from quote management to prospect setup and policy issuance.
Get all your policy quotes and documents managed in no time. Our expert insurance VA team carefully verifies all details, ensuring data accuracy and consistency with quoted terms. We handle everything from quote comparison to compliance checks, so you can be confident every policy is issued timely and error-free. With our support, your agency can provide clients with reliable experience, building trust and setting the stage for long-term relationships.
Submitting the request for quotes
Conducting risk assessment
Calculating premiums for policyholders
Delivering quotes to policyholders
Following up with policyholders and addressing queries
Policy Checking
Our policy checking services ensure a rigorous, multi-tiered verification process to maintain precise alignment with industry standards. Each policy undergoes a thorough assessment using automated discrepancy detection, data validation, and cross-referencing to flag inconsistencies. We integrate real-time error detection tools and compliance algorithms to reduce human error and enhance processing speed. With us, you can remain assured of delivering a seamless client experience, strengthening your agency’s reliability.
Submitting documents for policy checking
Verifying document authenticity
Accessing risks associated with the policy
Reviewing policy, coverage, and terms & conditions
Ensuring policy approval and rejection
Pre-underwriting Support
Prepare for seamless underwriting with our comprehensive pre-underwriting support. Our professionals manage everything from application receipts to gathering essential documents and profile risk evaluation. Every application is carefully examined to identify potential issues, enabling underwriters to make quicker, well-informed decisions. Strengthen your underwriting process from the outset and ensure complete accuracy.
Receiving application receipts
Conducting preliminary risk assessment
Collecting documents from the applicants
Performing detailed evaluation of risk profile
Making decisions based on the evaluation
Insurance Data Entry
Capture and digitize your insurance new business data entry accurately with our insurance new business servicing. Our solutions aid in accurate policy creation, timely claim processing, and better customer service. By entrusting us with your insurance back-office needs, you can reduce errors by 99%, increase accessibility, and ensure a solid data backbone for all your insurance operation's needs. Let our insurance virtual assistance team manage your data entry.
Receiving an application for insurance
Verifying the data authenticity
Entering the data into the systems
Adding data for validation
Ensuring data storage and retrieval
Insurance Administration
Effective insurance administration drives seamless insurance operations. To deliver a smooth experience, we offer end-to-end insurance administration services, from policy renewals and endorsements to claims support and client communication. With us, you can experience streamlined workflows and compliance. We can support with your entire administrative load so your team can deliver a smooth, timely, and client-focused experience. Connect with us to get your new business administration on track.
Issuing the policy documents
Collecting the premiums from policyholders
Filing and verifying the claims
Sending policy renewal reminders
Providing ongoing support to policyholders
Policy Issuance
Smooth policy issuance is critical for a smooth onboarding experience. Hence, our policy issuance services ensure that every policy is accurately prepared, verified, and issued according to regulatory standards. From data validation to document preparation, we handle each step meticulously to guarantee accuracy and reduce processing time. Get ready to establish trust and build a strong foundation for lasting client relationships for efficient insurance new business setup.
I must say that our partnership with Fusion Business Solutions (FBSPL) has been truly exceptional. What sets FBSPL apart is their remarkable ability to not only grasp our ever-evolving business needs but also their genuine curiosity to understand our culture. Their flexibility and agility have been invaluable. FBSPL’s proactive approach, coupled with their rigorous processes and scalability, has significantly enhanced our customer experiences and AI operations.
Chin Ma
Founder & President
We reached out to Fusion in the Fall of 2022 as we were having issues recruiting a skilled and motivated workforce locally to fill back-office roles in our organization. What started as a simple documentation validation exercise quickly grew into the team supporting more strategic review and reconciliation activities. The team has shown repeatedly that they are willing to take on more and more complicated tasks, and the leadership team is quick to rally and support their employees when things fall off track.
James Oickle
President & CEO
Fusion Business Solutions has been a game-changer for our company. Their responsive team, seamless onboarding, and commitment to excellence have significantly reduced our stress levels, allowing us to focus on what matters most – our clients. We've experienced measurable improvements in client retention and employee satisfaction since partnering with Fusion, making them the top choice for any business seeking efficient virtual assistant services.
Isom Rigell M. Ed.
Chief People Officer
Frequently asked questions
As a leading insurance outsourcing services provider, we provide the best solutions to new businesses with a quick turnaround time. Here is a streamlined process that we follow.
Identifying the objects to be insured
Preparing the new insurance policies
Reviewing the policies for accuracy
Creating policies with the terms and conditions
If you are wondering why our new business service solutions are the best, here is what makes us stand out from the rest.
All-in-one expertise
Availability as per your time zone
Quick turnaround time
Tailor-made solutions
99% accuracy
Scalable solutions
Our insurance veterans cross-check the quote against the quote request to ensure the coverage, demographic, and premium information, and then prepare a proposal to ensure accuracy.
Our team exchanges the intake or questionnaire form with the prospect or account manager to collect the information to initiate the quoting.
Upon the Account Manager's approval, we create a packet of proposal + Acord forms/quote application or supplemental apps + TRIA or surplus lines forms (depending on the product and carrier) and send the documents to the customer for signature through DocuSign.
Talk to our experts
Need immediate assistance? Talk to us. Our team is ready to help. Fill out the form below to connect.