Our strength is delivering end to end business process solutions to meet our clients' needs. Clients partner with us to bring alternative strategies to a customized client specific solution. iSpace’s spectrum of outsourcing solutions maximizes flexibility and bottom line value. From policy administration services to claims management and traditional back office support, iSpace's outsourcing team allows you to focus on your business while substantially reducing your expense ratio.
As the leading BPO provider to the insurance industry, iSpace combines best practices and domain expertise with the resources of a global BPO company. Our P&C Insurance BPO solutions impact the entire life cycle of your business.
Our area of expertise falls into three major categories:
Underwriting: How can a core and critical function that has a direct impact on the health of the company be considered for outsourcing? While underwriting is unique and risk subjective, many areas of underwriting are manual, process intensive and a chore to handle. They have nothing to do with underwriting and do not add value to the underwriting function. They are a drain on an underwriter's time. iSpace can help with processes like submission, clearance, data gathering, policy registration & booking, billing & policy issuance.
Claims: iSpace specializes in First Notification of Loss, claim assessment, subrogation, downtime management, claim inquiries and claim notifications.
Finance & Accounting: iSpace can bring value to and lower your turn around time related to reinsurance billing, reconciliation, cash posting, collections, monthly processing and report generation.
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