The insurance sector faces numerous challenges when it comes to client satisfaction. Why? The insurance agency has a number of claims to process, policies to sell, and put in maximum efforts to acquire new clients. But are you aware of the statistics that insurers spend five times more on acquiring new clients as compared to...
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...
Insurance outsourcing services have become increasingly successful for insurance brokers in today’s dynamic and competitive market. As brokers face evolving customer demands, regulatory changes, and technological advancements, they turn to insurance outsourcing services. It helps them gain a competitive edge and streamline their operations. Insurance broker services outsourcing helps brokers save time and resources. Administrative...
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...
