In the contemporary business scenario, there is cut-throat competition among numerous commercial enterprises. Every business enterprise is looking for new ingenious ideas to optimize its business potential. The insurance sector is not an exception in this regard. The entrepreneurs and managers in the insurance industry are channelizing their energies towards achieving these goals. Insurers are...
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...
Today, companies are constantly trying to outdo one another and capture bigger and bigger slices of the market pie. This is especially true in the insurance sector. This is because of the rising competition. That’s the reason management has to focus largely on new innovative schemes and policies to stay ahead. So, it is wise...
The backbone of insurance companies is the wholesalers who gives business in bulk. As compared to retailers, they have direct contact with the policy purchasers. This primary responsibility gives the wholesalers a right to demand the best of services. However, the speed of services and optimized insurance back office support can deliver outcomes in time....
