Blog – Industry Updates

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Origin and Evolution of Insurance Industry Outsourcing

The development and progress of the insurance outsourcing industry requires a deeper understanding and knowledge of the origin and evolution of the insurance industry. As such, it is essential to know the early economic principles that laid the foundation for the modern automated insurance process outsourcing services. One can trace ...
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Multi-Dimensional Insurance Outsourcing Solutions

Insurance industry outsourcing has been in existence for quite some time now and has evolved in terms of technological and process evolutions. Over the years, it has developed into a recognizable form of relevant business solutions for most independent brokers, carriers and insurance firms. Although at the budding stage outsourcing ...
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Segmentation and Its Significance in the Insurance Organization

Segmentation is very crucial for insurance organizations. The main aim here is to balance the service one offers with profitability. By observing and analyzing the present service models and the current customers of the organization as well as revenue by account, one can easily help identify the most and the ...
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Inaccuracy Impact on Insurance Services

We realize the impact good quality has on a businesses and brands. It can give the liberty to command premium-pricing structures for the product and is a powerful driver for the consumer loyalty and development. In the insurance business precisely, quality is expected as a necessity. Because of this reason, ...
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Working On Your Insurance Industry Analytics to Drive Business Transformation

Navigating the world of P&C insurance and its distribution channels often requires a highly complex yet fragmented web of partnerships. One of the major reasons for this confusion is the mess of networks that connects the brokers with the risk bearing appetite within the distribution channels. Unfortunately, too many brokers ...
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Gearing the Insurance Workforce for Greater Productivity

Talent development for your insurance workforce begins with investing in additional skills for the workforce. No matter which industry one operates in, odds are that the workforce can benefit maximum from the additional training provided because nobody is perfect but one can hone their skills to perform better. One may ...
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Efficiency Boosting Techniques for Insurance Organization

Although there are many ways to improve and augment efficiency of insurance operations, however there are two effective methods that could be tested to achieve successful results. Firstly, investigating alternate staffing opportunities and secondly encouraging more communicative methods in the processes. In order to reduce employee expenditure one can adopt ...
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Driving sustained business development and profitability for insurance industry

Sustained business growth is essential for the insurance industry along with profitability, as such, it is crucial to understand how businesses need to move ahead in the right direction. To begin with, the much-hyped theory in this regard is the “alignment principle”. Now, what do we mean when we stress ...
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Protecting Your Insurance Agency from Cyber Failures

Each and every insurance agent is responsible for their individual recordkeeping as part of the professional standards of conduct. This involves cataloguing conversations, saving soft copies of email exchanges and even text and voicemail messages. However, with the threat of cyber crimes on the rise more than ever cyber invasion ...
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