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Displaying 11-20 of 41 for "Outsourcing"
The Banking, Financial Services, and Insurance (BFSI) industry is undergoing major business and IT transformations amid current challenging macroeconomic, geopolitical, and regulatory environments. To navigate these complexities, BFSI organizations need critical market intelligence, peer best practices, and strategic frameworks for […]
Property and Casualty (P&C) Insurance BPS PEAK Matrix® Assessment
Enterprises have been increasingly turning to P&C insurance BPS providers during the recession to address elevated operating costs resulting from heightened inflation, which has led to increased claims expenses and rate adjustments for various P&C products. Cost reduction has once […]
Life and Annuities (L&A) Insurance BPS and Third-Party Administrator (TPA) PEAK Matrix® Assessment
The global Life and Annuities (L&A) insurance industry has recovered from the pandemic, but it now faces macroeconomic uncertainties. Going forward, insurers will prioritize cost reduction and may cut back on discretionary spending to save costs. However, they are likely […]
Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. With five key transformation levers described in this blog, MGAs can overcome challenges and unlock a wave […]
The Recessionary Conundrum: What Lies Ahead for Healthcare Payers?
A looming global recession may finally take its toll on payers who have escaped prior economic challenges. Let’s take a look at the healthcare trends influencing decision-making by payers, the markets most likely to be affected, and the actions payers […]
Capital Markets Trends and New Opportunities for Providers and Enterprises
With the expected turmoil in capital markets, the capital markets business process services (BPS) segment can offer great opportunities for both providers and enterprises. The capital markets trends of business process services show significant potential due to less market penetration. […]
Everest Group estimates the massive economic value insurance enterprises can generate by tapping their vast data pools to achieve operational efficiency and drive premium growth. By investing in becoming data-centric organizations, insurance companies can unlock a collective economic value of […]
Insurers’ extreme focus on employee and customer experience is forcing TPAs to adapt their offerings beyond commoditized services by leveraging digital technology. Some third-party administrators (TPAs) are building the requisite capabilities in talent, technologies and data to address the changing […]
TPA or BPO: Which Is the Right Choice? | Market Insights™
Third-party administrators, BPO providers, and BPO providers with TPA capabilities each have something to offer insurance carriers; however, determining the best choice for an individual enterprise depends on specific outsourcing drivers Visit the report page
‘Outsourcing is one of the most effective options L&P insurers are pursuing to make their operations cost effective.’ The global life and pensions (L&P) insurance business process outsourcing (BPO) market will grow at 10-12 percent in the next few years, […]