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      Almost Half of Insurers use Business Process Outsourcing (BPO) PDF Print E-mail
      Posted by Don Panek - CRMDirectory Editor   
      Almost Half of Insurers use Business Process Outsourcing (BPO)

      DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c42664) has announced the addition of BPO and Sourcing Trends in Insurance (Customer Focus) to their offering.

      Business process outsourcing (BPO) take-up continues to rise in the insurance sector as insurers look for operational efficiency enhancements as well as growth opportunities. This brief provides end-user insight in terms of take-up, planned BPO and attitudes to BPO and offshore sourcing. The brief covers insurance specific processes and functions as well as horizontal processes.

      Scope of this title:

      • 100 in-depth insurance interviews providing detailed understanding of current and planned outsourcing
      • The analysis is based on interviews with insurers from the Americas, Asia Pacific and EMEA.

      Highlights of this title:

      • Nearly half of insurers use BPO: insurers have made great progress in terms of BPO acceptance with the practice having gone from being considered a risky strategy for the few to a mainstream strategic choice. In fact it shows that that insurers to a degree feel compelled to put BPO on the C-level agenda.
      • The horizontal processes such as HRO, F&A and CRM continue to grow significantly despite their dominance in terms of absolute usage. However the fastest growth going forward will be in the industry specific processes such as claims processing and policy administration.
      • Indias leadership in the offshore sourcing industry is all but assured, but a number of contenders are emerging in individual service areas. Eastern Europe, Canada and South Africa will be particularly well placed to benefit from growth in higher value BPO services.

      Reasons to order your copy:

      • Benefit from in-depth understanding of insurance drivers in the BPO and offshore sourcing space
      • Improve the targeting of your services according to the end-user preferences
      • Position to take advantage of the growth in key BPO areas
      Topics CoveredOUR VIEWCATALYSTSUMMARYMETHODOLOGYANALYSISNearly half of insurers currently use at least one BPOClaims and policy administration BPO will be among the fastest growing BPO areasCRM remains the most developed area in terms of advanced sourcing strategyCost based benefits no longer dominate sourcing agendaKey drivers for BPO take-upVendor selection criteriaEastern Europe, Canada and South Africa are the key emerging BPO sourcing destinationsOffshore outsourcing driversOffshore drawbacks: is there a threat to continued growth?METHODOLOGYFurther readingAsk the analystList of Figures
      

      For more information visit http://www.researchandmarkets.com/reports/c42664

       
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