Insurance and risk management make up an immense global industry. According to a survey conducted by a leading global insurance firm, Swiss Re, worldwide insurance premiums totaled $3.4 trillion in 2005, up about 2.5% from 2004. Global life insurance premiums were $1.45 trillion during 2005, while all other types of insurance totaled $1.97 trillion.
In USA, the insurance business employs about 2.3 million people, and insurance gross premiums totaled $1.15 trillion during 2005, making the U.S. the world's largest insurance market. Contribution of Life insurance in the United States was about a $517 billion business (in gross premiums) in 2005 and Non-life premiums totaled about $626 billion for that year. U.S. life insurance firms held about $4.5 trillion in assets in mid-2006, according to the Federal Reserve Bank. Approximately 4,500 companies underwrite insurance in America, but the industry is dominated by a handful of major players.
Japan occupies second position in the world's insurance market. According to Swiss Re, total premiums in Japan during 2005 were $476 billion, including $376 in life insurance premiums and $101 in non-life premiums.
The UK is the world's third-largest market. During 2005, life premiums there were $200 billion and non-life $101 billion. Additional large markets include Germany, France and Italy, in that order.
Other than these three countries the fastest-growing markets are in Asia (10.5% premium growth in 2005), followed by Africa (5.8%). Again, these figures are from Swiss Re (www.swissre.com).
With the increase in market there are more and more players are coming up in the market, resulting into downfall in premium (to the extent of more than 60% in indian insurance market), without any reduction in incurred claims. Thereby reducing unerwriting profits. As a matter of fact in developing countries the Insurers specially in P& C Insurance more than often get negligible U/w profits or losses. It is only the Investment Portfolios of these companies which helps these companies to float.
All the above reasons makes it very important for Insurance Companies to consider outsourcing to maintain their edge in the market.
In my series of posts on Insurance, I will share with you that in what way Outsourcing may help various activities of Insurance Companies.
With warm regards,
Kajal Shrivastava
Let's Make Things Simple...
Aryan Offshore Solutions is a group of professionals providing a wide range of services to clients worldwide across various industry practices.
All Organizations and Indepenent Profesionals have 'n' number of activities , which are an integral but not the productive part of their business. In simple term we call these activities as non-core activities. These activities or processes consumes a good portion of the total turnover. But at the same time, these processes can not be ignored also, since they provide necessary support to the core activities.
At Aryan Offshore Solutions, our core business is to take care of your non-core business. We can take care of your core business activities in the most professional manner, to ensure that you are able to meet your Organizational Goals in the best possible way besides gaining Cost Advantage.
Our permanent staff, together with a large number of registered freelancers provides us required flexibility in our operations, to meet demands of our clients on all occasions.
Our business model, which involves utlization of best of the Freelancers to work with us on case to case basis, under the supervision of our own Project Management Team helps us to keep our overheads under control. This model ultimately reflects in our pricing.
Write to us for your Business Enquiries today at business@aryanoffshoresolutions.com
All Organizations and Indepenent Profesionals have 'n' number of activities , which are an integral but not the productive part of their business. In simple term we call these activities as non-core activities. These activities or processes consumes a good portion of the total turnover. But at the same time, these processes can not be ignored also, since they provide necessary support to the core activities.
At Aryan Offshore Solutions, our core business is to take care of your non-core business. We can take care of your core business activities in the most professional manner, to ensure that you are able to meet your Organizational Goals in the best possible way besides gaining Cost Advantage.
Our permanent staff, together with a large number of registered freelancers provides us required flexibility in our operations, to meet demands of our clients on all occasions.
Our business model, which involves utlization of best of the Freelancers to work with us on case to case basis, under the supervision of our own Project Management Team helps us to keep our overheads under control. This model ultimately reflects in our pricing.
Write to us for your Business Enquiries today at business@aryanoffshoresolutions.com
Services Offered
With the in-depth understanding of various industry verticals Aryan Offshore Solutions is the right choice for providing innovative and end to end business solutions for your business needs. We leverage our domain knowledge with our expertise across various lines of technology to bring out the best possible solution in every business.
Our Services may me categorized under two broad categories:
Sector Focused Services
-Insurance BPO Services
- Banking BPO Services
Cross Sector Services
- Data Entry, Data Processing and Data Conversion Services
- Market Research Services (Net Based)
- Marketing Support Services
- Audio Transcription Services
Our Services may me categorized under two broad categories:
Sector Focused Services
-Insurance BPO Services
- Banking BPO Services
Cross Sector Services
- Data Entry, Data Processing and Data Conversion Services
- Market Research Services (Net Based)
- Marketing Support Services
- Audio Transcription Services
Get Free Insurance Quotes...
Sector Focused Services
Insurance BPO Services
Insurance BPO Services from Aryan Offshore solutions offers business services that insurance companies can leverage in the constant drive to attain customer satisfaction, operational effectiveness, and market advantage that will ultimately drive the bottom line.
In a highly competitive market where differences in policy premiums are insignificant, the focus must be on customer retention. This in turn depends on the customer experience that your business can extend across the customer lifecycle.
The insurance industry worldwide is facing the challenges of deregulation, consolidation and convergence of financial services. There is today a pressing demand for cutting edge services and enriched customer experiences at a significantly lower cost.
It is imperative that insurance players be able to transform distribution channels, sell complex yet flexible products online, and address security and privacy concerns for a strategic competitive advantage.With our strong domain and technical expertise, Aryan Offshore Solutions offers an excellent choice to potential customers to help them in achieving their business directives. We may develop flexible business solutions for your organization for the entire range of insurance business.
Our services includes-
- New Business Acquisition
- Policy Underwriting
- Renewal Notices
- Administration of Current Policies.
- Claims Registration
- Claims Processing
You may chose all or any of the services listed above. Even if you want to outsource a small part of a particular process, write to us freely.Our solutions and services can help insurers provide cutting edge services and an enhanced customer experience at a significantly lower cost, enable them to improve their distribution channels, make complex products flexible and conduct business online, creating a strategic competitive advantage, both in the life and non-life sectors.
So whether you are an Insurer or a Broker, or an Insurance Agency we would be glad to become a part of your success story. Send your queries immediately to us at business@aryanoffshoresolutions.com
Insurance BPO Services from Aryan Offshore solutions offers business services that insurance companies can leverage in the constant drive to attain customer satisfaction, operational effectiveness, and market advantage that will ultimately drive the bottom line.
In a highly competitive market where differences in policy premiums are insignificant, the focus must be on customer retention. This in turn depends on the customer experience that your business can extend across the customer lifecycle.
The insurance industry worldwide is facing the challenges of deregulation, consolidation and convergence of financial services. There is today a pressing demand for cutting edge services and enriched customer experiences at a significantly lower cost.
It is imperative that insurance players be able to transform distribution channels, sell complex yet flexible products online, and address security and privacy concerns for a strategic competitive advantage.With our strong domain and technical expertise, Aryan Offshore Solutions offers an excellent choice to potential customers to help them in achieving their business directives. We may develop flexible business solutions for your organization for the entire range of insurance business.
Our services includes-
- New Business Acquisition
- Policy Underwriting
- Renewal Notices
- Administration of Current Policies.
- Claims Registration
- Claims Processing
You may chose all or any of the services listed above. Even if you want to outsource a small part of a particular process, write to us freely.Our solutions and services can help insurers provide cutting edge services and an enhanced customer experience at a significantly lower cost, enable them to improve their distribution channels, make complex products flexible and conduct business online, creating a strategic competitive advantage, both in the life and non-life sectors.
So whether you are an Insurer or a Broker, or an Insurance Agency we would be glad to become a part of your success story. Send your queries immediately to us at business@aryanoffshoresolutions.com
Aryan Offshore Solutions Recommneds
Banking BPO Services
Aryan Offshore Solutions can provide you solutions for your Banking Operations not only for taking care of today’s requirement but to keep you ahead of the competition even in the future also.
Margin pressure driven by a competitive need to scale up is compelling financial & banking institutions globally to cut costs. Security, reliability, and efficiency have become the credo of operations and service organizations. Outsourcing non-core processes to trusted partners is an increasingly popular option being pursued by financial institutions.
Our Banking and Financial Services BPO solutions include:Consumer Finance:
- Consumer verification tracking and recording
- Inbound customer service
- TelemarketingRetail banking and credit cards
- Telemarketing
- Application processing
- Verification
- Customer service
- Query resolution
- Address change request
- E-mail response
You may bank upon us…
For any information on the above kindly contact us business@aryanoffshoresolutions.com
Margin pressure driven by a competitive need to scale up is compelling financial & banking institutions globally to cut costs. Security, reliability, and efficiency have become the credo of operations and service organizations. Outsourcing non-core processes to trusted partners is an increasingly popular option being pursued by financial institutions.
Our Banking and Financial Services BPO solutions include:Consumer Finance:
- Consumer verification tracking and recording
- Inbound customer service
- TelemarketingRetail banking and credit cards
- Telemarketing
- Application processing
- Verification
- Customer service
- Query resolution
- Address change request
- E-mail response
You may bank upon us…
For any information on the above kindly contact us business@aryanoffshoresolutions.com
Cross Sector Services
Data Entry, Data Processing and Data Conversion Services:-
Most of the organization now prefer to outsource data entry, data processing and data conversion work to offshore locations primarily because this allows them to focus more on their core areas, moreover, outsourcing of this activity proves to be a cost effective and more profitable option.
Offshore data entry has accelerated dramatically in recent years. And the reasons for this shift could be attributed to increased bandwidth, faster scanners and data processors, standardization for data transfers, and the opportunity for competitive advantage created by round the clock business days and compressed cycle time.
Our Data entry solutions offer comprehensive range of data entry services at competitive price suited for any volume of data entry applications.Our services under this category include the following:
- Online Data Entry
- Online Data Entry and Compilation from websites.
- Online Business Card data entry into any format
- Online catalog data entry.
- Online form processing and submission.
- Data entry from paper/books with high accuracy andspeed.
- Online data capture/ collection
- Data entry into software program and application
- Online data entry for mailing list.
- Online copying, pasting, editing, sorting, and indexingdata
into any format.
We also offer Data processing Services, which pertains to the capture, digitization and processing of data that originates from various sources. We offer customized Data Processing services that match your expectations.
Aryan Offshore Solutions can provide entire range of Data Processing services ranging from Data Entry, Form Processing, and Information Processing etc.
We can carry out tasks like Structuring, Restructuring, formatting, reformatting, modification/ updating, Indexing of data for our customers.
The services which Aryan Offshore solutions offer includes:
- form processing
- Survey Processing, and
- Data mining
Aryan Offshore Solutions provides document conversion facilities which are cost effective and accurate. Backed by the latest technology in this area we can provide you with high quality scanned files and coded data available in industry today. We can convert any digital document converted into any type of digital file.
Our data conversion includes the following steps:
- Study of your sample document
- Prepare specification based on your requirements
- Prepare samples for your review
- Improvise samples to your expectations (if desired)
- Development of in-house tools
- Start production
- Deliver converted documents
We accept documents through any format. Whereas the final output can be provided through your specified delivery media, preferably on CD-ROM disc as most customers find it more convenient. However we are ready to deliver through just about any type of electronic media.
For any of the above requirements, kindly write to us today at business@aryanoffshoresolutions.com
Market Research (Net Based):-
A systematic research always helps organizations to find more promising market. It is a fact that Business that invests time in market research increases their chances of succeeding in international markets. Researching potential markets can help your company by:
- Finding where your products are most likely to sell
- Determining both domestic and internationalcompetitors
- Understanding customers' needs
- Identifying new trends
- Establishing fair market prices for your products
Aryan Offshore Solutions may help you in above activities by searching information available over internet about your competitors, product and services in your category, market trends and research reports.
The reports may be generated in any format as per your requirements.
Marketing Support Services:
Marketing is undoubtedly the most important function for any organization. No-matter whatever best quality of goods or services you are producing, if you can not reach to the prospective customer through some channel you can count your days in the business.
It has been observed that small and medium size industries often find it difficult to market their products primarily because of their small marketing Budget and lack of professional marketing staff.
Aryan Offshore Solutions with its group of trained professional offers a following Marketing Support Services:
Telemarketing:-
Generating leads for your Products and Services, assessing satisfaction levels of your existing customers and getting feedbacks from customers lost previously are all very important aspects of todays marketing. These factor always decides about the future of any Business Enterprise.
Telemarketing helps Marketing Department of any organisation in a big way in all the above aspects.
Telemarketing has significant advantages over direct mailing alone as it enables the telemarketing executive to handle objections over the telephone. Telemarketing may be one part of the marketing plan for a business.Successfully growing your sales volumes, through the use of telemarketing, depends on a number of factors like:
- Accurate Customer Targeting
- An Attractive Proposition for the Customer
- The Right Circumstances
With its trained manpower Aryan Offshore Solutions offers cost -effective telemarketing facility to its valued customers.
For your all kind telemarketing requirements. Talk to us today to discuss your requirements.
Live chat support on websites:-
Do you know that who is currently viewing your website. One who is watching all the product/ services details very seriously, but is not very keen to make a phone call to you, neither is interested to drop his mail ID on your site.
Live Chat support can always help these Passive Customers in the best possible way. In case you feel that this can add value to your business and help you in increasing your turnover and profit, mail us now, or you can chat with us also.
It is one of the most cost effective methods to increase qualified leads through your website or blog.
Website Submission to Search Engines and Directories:-
Your website promotion starts with submitting your website to Search Engines and Directories. On this front we may assist you by submitting your website manually to list of Diectories and Search Engines to help you get all important links. We do it manually, to get you best results.
Posting Classifieds:-
Posting Advertisements on different forums and Portals (Free and Paid ) provides you immediate an direct access to your. We may assist you in posting Advertisements, Banners, posting articles on different forums regularly, to get you more traffic every single day for you website. We may use PPC for you in this regard.
For any of the above services write to us TODAY.
Most of the organization now prefer to outsource data entry, data processing and data conversion work to offshore locations primarily because this allows them to focus more on their core areas, moreover, outsourcing of this activity proves to be a cost effective and more profitable option.
Offshore data entry has accelerated dramatically in recent years. And the reasons for this shift could be attributed to increased bandwidth, faster scanners and data processors, standardization for data transfers, and the opportunity for competitive advantage created by round the clock business days and compressed cycle time.
Our Data entry solutions offer comprehensive range of data entry services at competitive price suited for any volume of data entry applications.Our services under this category include the following:
- Online Data Entry
- Online Data Entry and Compilation from websites.
- Online Business Card data entry into any format
- Online catalog data entry.
- Online form processing and submission.
- Data entry from paper/books with high accuracy andspeed.
- Online data capture/ collection
- Data entry into software program and application
- Online data entry for mailing list.
- Online copying, pasting, editing, sorting, and indexingdata
into any format.
We also offer Data processing Services, which pertains to the capture, digitization and processing of data that originates from various sources. We offer customized Data Processing services that match your expectations.
Aryan Offshore Solutions can provide entire range of Data Processing services ranging from Data Entry, Form Processing, and Information Processing etc.
We can carry out tasks like Structuring, Restructuring, formatting, reformatting, modification/ updating, Indexing of data for our customers.
The services which Aryan Offshore solutions offer includes:
- form processing
- Survey Processing, and
- Data mining
Aryan Offshore Solutions provides document conversion facilities which are cost effective and accurate. Backed by the latest technology in this area we can provide you with high quality scanned files and coded data available in industry today. We can convert any digital document converted into any type of digital file.
Our data conversion includes the following steps:
- Study of your sample document
- Prepare specification based on your requirements
- Prepare samples for your review
- Improvise samples to your expectations (if desired)
- Development of in-house tools
- Start production
- Deliver converted documents
We accept documents through any format. Whereas the final output can be provided through your specified delivery media, preferably on CD-ROM disc as most customers find it more convenient. However we are ready to deliver through just about any type of electronic media.
For any of the above requirements, kindly write to us today at business@aryanoffshoresolutions.com
Market Research (Net Based):-
A systematic research always helps organizations to find more promising market. It is a fact that Business that invests time in market research increases their chances of succeeding in international markets. Researching potential markets can help your company by:
- Finding where your products are most likely to sell
- Determining both domestic and internationalcompetitors
- Understanding customers' needs
- Identifying new trends
- Establishing fair market prices for your products
Aryan Offshore Solutions may help you in above activities by searching information available over internet about your competitors, product and services in your category, market trends and research reports.
The reports may be generated in any format as per your requirements.
Marketing Support Services:
Marketing is undoubtedly the most important function for any organization. No-matter whatever best quality of goods or services you are producing, if you can not reach to the prospective customer through some channel you can count your days in the business.
It has been observed that small and medium size industries often find it difficult to market their products primarily because of their small marketing Budget and lack of professional marketing staff.
Aryan Offshore Solutions with its group of trained professional offers a following Marketing Support Services:
Telemarketing:-
Generating leads for your Products and Services, assessing satisfaction levels of your existing customers and getting feedbacks from customers lost previously are all very important aspects of todays marketing. These factor always decides about the future of any Business Enterprise.
Telemarketing helps Marketing Department of any organisation in a big way in all the above aspects.
Telemarketing has significant advantages over direct mailing alone as it enables the telemarketing executive to handle objections over the telephone. Telemarketing may be one part of the marketing plan for a business.Successfully growing your sales volumes, through the use of telemarketing, depends on a number of factors like:
- Accurate Customer Targeting
- An Attractive Proposition for the Customer
- The Right Circumstances
With its trained manpower Aryan Offshore Solutions offers cost -effective telemarketing facility to its valued customers.
For your all kind telemarketing requirements. Talk to us today to discuss your requirements.
Live chat support on websites:-
Do you know that who is currently viewing your website. One who is watching all the product/ services details very seriously, but is not very keen to make a phone call to you, neither is interested to drop his mail ID on your site.
Live Chat support can always help these Passive Customers in the best possible way. In case you feel that this can add value to your business and help you in increasing your turnover and profit, mail us now, or you can chat with us also.
It is one of the most cost effective methods to increase qualified leads through your website or blog.
Website Submission to Search Engines and Directories:-
Your website promotion starts with submitting your website to Search Engines and Directories. On this front we may assist you by submitting your website manually to list of Diectories and Search Engines to help you get all important links. We do it manually, to get you best results.
Posting Classifieds:-
Posting Advertisements on different forums and Portals (Free and Paid ) provides you immediate an direct access to your. We may assist you in posting Advertisements, Banners, posting articles on different forums regularly, to get you more traffic every single day for you website. We may use PPC for you in this regard.
For any of the above services write to us TODAY.
Oct 10, 2007
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