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Over the last few years, it has become apparent that the insurance process outsourcing solution has become a relevant business solution for most of the independent brokers. Although earlier, it only catered exclusively to the large insurance organizations. However, with the passage of time and greater exposure it also became a popular business channel for the mid size as wellRead more

In the insurance process outsourcing industry, it is still the norm for people to consider outsourcing as delegating the not so serious task or those tasks that are of considerable low key at the lowest cost possible. However, this is not the case as in the stark reality it is outsourcing is all about assigning mission critical work to beRead more

In order to seamlessly navigate through the procedures of P&C and its subsidiary channels, insurance organizations require a highly sophisticated yet comprehensive web of partners. This is so because the distribution channel is adept with plenty of brokers. These brokers along with their added carriers match the risks and fulfill the underwriting requirements, which make the process more complex. WithRead more

The impact that a good quality has on a brand or a business is tremendous, it allows commanding premium pricing for a product and is a powerful driver for gaining customer loyalty and growth. In the insurance business, quality is an expected attribute and a necessity, because of which there is a cost for not meeting the expected quality standards.Read more

For many years now, the insurance industry has been putting up a tough fight to attract and retain new talent. At present as the vast multitude of companies, stand at the brink of retirement. The insurance industry in particular stands to address the industry’s talent crisis, which has become the talk of the town and a top priority for mostRead more

Over the last ten years, insurance process outsourcing has evolved as a potential support to meet the market needs with its distinctive offerings. In most countries especially the fast developing nations, the outsourcing providers have applied different approaches to determine and serve the needs of the clients. These days the providers can be grouped or classified into three prime categoriesRead more

Every insurance agency needs to have some financial measurement concepts for its utility and enhancing the agency’s profitability and growth i.e. the contribution to the agency per employee as well as the premium-to-profit-ratio. In general insurance agencies view revenue per employee to measure their productivity, however experts advice that this is not much of a help as it does notRead more

Process management enables an organization to reserve its assets for better utilization. Greater resources and intellectual capital paves the way for greater opportunities for an organization. It also helps the organization from expending excess energy on the work process. Overall, it enables the organization to keep its wheels spinning without suffering considerable amount of losses in the output. The presenceRead more

Employees are an integral component of an organization and are one of the major drivers of change. The employees of an organization are responsible for both the rise and decline of an organization. They are the major drivers of change in the way an organization operates. The caliber and efficiency of the employee determines his or her output and theirRead more

Project management is one such virtue that has been readily accepted and applauded by enterprises across all verticals. It has become one of the most potent tools of business houses and its claim to fame has been its power to control and enhance the project outcome. The reason behind it success can be attributed to the well devised and strategicRead more