In an industry where each transaction generates data or record, the management of information consumes valuable physical and personnel resources. Our experience in Banking and Insurance sectors makes us aware of the retention period of the records which can be from 8 years to 20 years or more, which is regulated by Regulatory Authorities of India such as Reserve bank of India for Banking and Insurance Regulatory, Securities & Exchange Board of India and Development Authority for Insurance sector.
How can We Assist?
Our Data Management Solutions provide insurers with individualized accessibility to their documents in either physical storage and/or digital document management systems. This results in faster and more efficient document processing and increased productivity in their business processes. We aid your organization in increasing the processing threshold, lowering the operational costs and boosting company profitability exponentially. We, at Starbic, realize that in today’s insurance sector, providers are faced with daily requests for information from policy-holders, auditors and regulators. Retrieving and locating individual records is difficult primarily because they can be stored in multiple formats in various locations.