Insurance industry is one of the largest and most regulated industries worldwide and has a host of associated legal and regulatory compliance including the Sarbanes Oxley Act. Insurance Industry is further highly paper intensive and deals with significant amounts of paperwork. Infact, almost 40% of personnel time is spent in managing insurance documentation. This along with pressures to reduce costs, improve service levels and focus on core competence is forcing Insurance Companies to look at outsourcing.

Parth Softech has a strong Insurance legacy with approximately 14% of our revenues coming from the Insurance vertical. Our domain expertise in areas such as Healthcare, Life, Annuities, Pension, Property and Casualty Insurance, combined with cutting edge technology expertise and partnerships with best-in-class technology and application vendors enables us to help our customers meet their strategic and business objectives. Our BPO services in the Insurance domain cover the entire Insurance cycle right from new business acquisition to claims processing to asset management :

- Claims Processing
- Policy Administration
- New Business Acquisition
- Billing & Payments

Key Benefits of our Insurance Offerings include :

- Leverage technology strengths on multiple platforms and insurance applications
- Access to strong Insurance domain expertise and process knowledge
- Legal and Regulatory compliance on Insurance laws including SOX and HIPAA
- Improved Service Levels and Turnaround time
- Cost Savings of 40%+