Policy Management

Policy management services provided by Nasco encompass a wide range of activities to ensure effective administration and optimization of insurance policies for our clients.

We aim to streamline insurance administration, optimize coverage, and ensure compliance with policy terms and regulatory requirements. By leveraging our expertise, we help companies effectively manage their insurance portfolios, maximize protection, and minimize potential risks.

 

The scope of our policy management services includes:

Policy Renewals:

We proactively manage policy renewals by reviewing coverage needs, negotiating renewal terms with insurance providers, and ensuring seamless continuation of coverage. We assess any changes in the company’s risk profile or insurance requirements and recommend appropriate modifications to the policy.

 

Endorsements and Amendments:

We assist with policy endorsements and amendments to accommodate changes in the company’s operations, assets, or risk exposures. We facilitate the necessary updates to policy documents, endorsements, and certificates to ensure accurate and up-to-date coverage.

 

Policy Documentation:

We handle the administrative aspects of policy management, including the organization and maintenance of policy documents, certificates of insurance, and other relevant records. We ensure proper documentation for all policies and endorsements, allowing for easy retrieval and reference when needed.

 

Policy Analysis and Optimization:

We regularly review existing policies to evaluate their adequacy and identify any gaps or overlaps in coverage. We analyze policy terms, conditions, and exclusions to ensure alignment with the company’s risk management strategy. We may recommend adjustments or enhancements to optimize coverage and minimize potential exposures.

 

Claims Management:

We provide support and guidance throughout the claims process. We assist in reporting claims to insurance providers, liaise with adjusters, and advocate for their clients’ interests to ensure prompt and fair claims settlements. We help navigate complex claims scenarios and provide expertise to maximize claim outcomes.

 

Policy Compliance and Regulatory Requirements:

We help companies understand and comply with insurance-related regulations, including policy requirements mandated by regulatory authorities. We assist in meeting compliance obligations, such as maintaining adequate coverage limits and adhering to specific policy conditions.

 

Market Updates and Benchmarking:

We keep our clients informed about market trends, insurance industry developments, and emerging risks that may impact their insurance programs. We provide benchmarking data and insights to help companies evaluate their coverage against industry standards and make informed decisions.

 

How Nasco is Different than Others:

Your Dedicated Team:

We are firm believers in automation and optimization but never at the expense of the human touch. A personal service will accompany you from the day we welcome you as a client. Our team includes account handlers, claims officers, accountants, and wellness experts, all at your service.

 

Claims Assistance:

Insurance is the business of paying claims. We make your experience as hassle-free as possible by leveraging our relationships with insurers to expedite resolutions of pre-approvals locally and overseas. We also handle complex reimbursement claims from origin to resolution.

 

In the unfortunate event of a claim, we strive to minimize your burden from adverse events. Drop us a line:

For medical claims: medclaims@nascodubai.com
For non-medical claims: generalclaims@nascodubai.com


 

While we wish you an accident-free life we are on your side to alleviate the nuisance of financial hardships of the loss.

Below are some of our commitments to you in case of a claim:

  • Claim escalation and resolution with insurance companies.
  • Reimbursement facilitation and acceleration with insurance companies.

Our Employee Benefits services:

  1. Insurance claims assistance 24/7
  2. Employee onboarding and induction sessions
  3. E-books and insurance procedures training
  4. Corporate portal
  5. Periodic claims review*
  6. Members satisfaction survey
  7. Wellness: webinars, wellness health magazines, and smart patients awareness sessions
  8. Loyalty cards

*Subject to the size of the group

Terms and conditions apply.