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...
Insurers often find themselves at a crossroads in the ever-evolving landscape of business expansion and optimization. They must decide whether to handle a specific function in-house or enlist the expertise of a partner to enhance efficiency and profitability. The modern business environment offers a plethora of options in technology, staffing, and administration resources, all promising...
The real perception of the Insurance Company’s working was tradition-bound in how they conduct their business. However, today the scenario is different. It is because of the success of the concept of Insurance Outsourcing. As the markets continue to mature and the Insurance Outsourcing Service providers strengthen their capabilities, now there are ample opportunities for...
