The global insurance BPO market was valued at $7.9 billion in 2022 and is projected to reach $24.6 billion by 2032, growing at a CAGR of 12.3% from 2023 to 2032. —- Allied Market Research Strongly suggesting that the insurance BPO industry is expected to witness robust expansion over the next decade, this expected growth...
The insurance sector, for the past several years, has been seeing several changes across industries. Especially in a recent couple of years, most insurance lines have been in flux due to several reasons. Insuretech, data-driven operations, new entrants disrupting the industry and increasing competition, and the ever-changing and growing customer demands are a few factors...
Although all insurance processes are vital, policy renewal has its own importance. Learn why renewals are crucial for an insurance business’s growth.
In recent years, with revolutionary, modern technologies, insurance policy administration has remarkably evolved, producing flexible solutions. Consequently, insurers gained advantages such as innovation, improved customer experience, and reduced efforts, supporting them to offer new insurance products, better through agencies. The overall improvements have drastically influenced the sale and purchase of insurance in the market. Modern...
