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Monday, March 13, 2023

What to Consider When Choosing an Insurance BackOffice Services Provider

Today when we talk about scaling insurance businesses, a robust and efficient back-office operation is critical for success. However, having an in-house section for this can be costly; hence, many companies outsource these services to third-party providers. According to a report released by Deloitte, it was noted that global spending on outsourcing could reach $731 billion...

Thursday, March 9, 2023

Insurance Business Process Outsourcing: What You Need to Know

Nowadays, numerous insurance companies are facing difficulties due to strict regulations, economic instability, and the impact of COVID-19. To maintain their competitiveness in the insurtech era, many insurers opt for outsourcing to optimize processes. The US Bureau of Labor Statistics has reported that within the next 15 years, half of the current insurance workforce will...