Blog

Why Do Businesses Opt for Insurance Claims Outsourcing Services? Claims processing in the insurance industry takes much time and work, from the first filing to the final resolution. It can take up to 1.6 months for a trauma insurance claim to be approved and the same amount of time for a life insurance claim. Insurance agency must constantly look forRead more

How Can Businesses Boost Their Performance With Insurance Outsourcing Solutions? It is a fact that BPO is growing. Grand View Research predicts an 8.5% compound annual growth rate for the $232.32 billion BPO business from 2021 to 2028. Back office BPO includes administrative and insurance support tasks like accounting and finance, data entry, document scanning, website design and management, payroll,Read more

How Insurance Agency Outsourcing Help Overcome Key Industry Challenges Many other sectors, like insurance, have had to adapt to new circumstances. While it's true that new technologies, data-driven procedures, and rising client demands have disrupted every industry, it's also been said that insurers are "behind" when it comes to cyber risk compared to banking and other financial sectors. It isRead more

How Insurance Firms Benefit from Insurance Operations Outsourcing Services Is the insurance industry benefiting from business process outsourcing (BPO)? Let's check this out. Business process management is crucial in the insurance sector. Costs keep rising. Each year, they rise by 12–20%. If you're going to outsource insurance BPO, like many organizations, we need to explore what insurance BPO services offer.Read more

What are the latest Trends of Insurance Back-Office Outsourcing in 2023? There will be a lot of change and upheaval in the back-office outsourcing industry in the coming years. The future of insurance back-office outsourcing is being shaped by a confluence of factors, especially those driven by intelligent automation (IA) technologies. Adopting a holistic digital mindset, which includes keeping upRead more

Insurance Virtual Assistants: The Future of Insurance Agency Back Office Operations The insurance industry has undergone a significant transformation, with the advent of remote work playing an important role. The origin of Insurance Virtual Assistants is one example of the rise of remote work causing uproar in the insurance sector. Agencies' interest in remote work stems from the fact thatRead more