It is contradictory to understand that digital technology has made business processes more efficient and companies these days are advised to embrace its benefits. Moreover, digital technology has driven some companies to become clear market winners, but for many companies its impact has exhausted corporate earnings and destroyed the overall value of an industry. So...
Outsourcing is often conceived negatively by the insurance organizations, who link it with downsizing. But for small scale or medium sized insurance enterprises, it offers cost-effective growth options. Insurance business process outsourcing helps in giving priority to the more important tasks of the insurance organization. It also helps in saving the costs incurred on infrastructure...
There are many reasons why insurance outsourcing had taken off in a big way in the past decade or so, in fact from the mid-1990s to be precise. It was based on the need of the insurance sector to be competitive, cut costs to stay afloat and to offer schemes and policies that had attractive...
The outsourcing industry is almost a parallel business sector to mainstream commercial entities and constantly growing exponentially. This is because of its many inherent advantages. But in spite of this taking a decision to outsourcing insurance process is definitely not easy and various factors have to be taken into account. The pros and cons have...
