| Overview
The client happens to be one of America 's leading P&C insurance companies, offering a wide range of insurance services including life insurance, group insurance, retirement products, and annuities. It also provides customized insurance risk management services. It is among the top 3 companies in Property and Casualty insurance.
Business Case
As with most
older and big companies, the processes of the client were
carried out based on a legacy technology platform. The leader
wanted to split the business risk and achieve cost benefits
with increased quality standards. Intelenet had to not only
provide business-processing services, but also act as a
business support consultant in terms of providing the solution
architecture. The exclusivity of the processes entailed
intense industry training and certification to be able to
legally and effectively carry out the services.
Intelenet had to begin the project with inbound customer
service & premium collection for the client's life insurance
policy holders and move on to handle package endorsements,
casualty endorsements and DMV processing
Intelenet was given high levels of SLAs to carry out and
retain the operations. Quality was monitored at the rate
of 2-calls/agent/day and an overall quality rating of 97%.
The SLAs, after an initial period of 3 months:
|
Productivity>=100% |
|
Quality 97% |
Intelenet's Solution
Intelenet effectively partnered
with the client to chart out an accurate mapping of the
client's processes to achieve a 3-tier architecture framework,
which was robust, cost-effective and secured environment
with 100% uptime.
Starting with one process, cross-functional expertise across 5 distinct processes was developed. The Business Process Management System (BPMS) approach was applied to make the new processes repeatable and reliable.
Comprehensive documentation of each process using case reference tools and digitization formed part of the structured knowledge management strategy. Every FTE working for the process was intensively trained and certified by IIA (Insurance Institute of America). This high level of professional knowledge was coupled with a robust quality assurance model. Daily feedback based on analysis by the intelligent MIS system was provided to the agents to ensure consistent quality.
A centrally located automated quality checking system with joint access for the client and Intelenet was used to monitor quality and other SLA parameters. A robust technological framework was developed with an efficient Big Continuity Management system ensuring back up at all levels at all times.
Business Value
The collaborative
effort reaped rich dividends for the client.
|
Consistently achieved and maintained 97% Quality
in voice processes |
|
Near 0% defects and 0% carry forwards in all transactions-based
processes |
|
Over 50% of transaction volumes and 20% of transaction
volumes across all process for the client are now
handled by Intelenet |
|
Initiated a Process Consulting Tool for the client
benefiting in process priority decision making and
process re-engineering |
|
The client's legacy technology model was synchronized
to produce effective results |
|