Insurance Archives

Big Data Trends: New Uses, New Challenges, New Solutions

Outsourcing Center, Patti Putnicki, Business Writer

It’s hard to find a business enabler that’s evolving as quickly as big data analytics. Big data trends are on the minds of business owners everywhere. This undisputed darling of the loyalty program and retail world has now infiltrated nearly

Independent Insurance Agencies Embrace Outsourcing to Thrive in a Challenging Market

Outsourcing Center, Patti Putnicki, Business Writer

It’s not easy being an independent insurance agent these days. Margins are down, the market is soft and direct sellers are promoting a virtual, ‘click-and-pick’ approach to an industry traditionally built on personal relationships and trust. To increase profitability, these

UK Insurance Company’s Outsourcing Success Combines Cost Savings with Long-Term Efficiency Increases

Outsourcing Center, Bruce McCracken, Business Writer

Changes in technology and the business landscape and new government regulations forced Equity Insurance Group to implement strategic changes to remain competitive. Offshoring to WNS was so successful the parties added gain-sharing in the second contract.

An Outsourcing Solution for Consumer-Directed Healthcare that Payors Cannot Afford to Ignore

Outsourcing Center, Kathleen Goolsby, Senior Writer

Consumer-directed healthcare (CDH) is causing payors to determine how to meet the challenge of adjusting existing technology so it services individual clients, not just groups. Payors have four choices. One of those, a CDH defined-care platform in an outsourced model

How One Outsourcer Uses Another to Keep Its Work Onshore

John Harney, Business Writer

Offshore claims processing has traditionally been cheaper than in the United States for obvious reasons-the price of keying in data overseas is a fraction of what it is here. Antares Management Solutions, a third-party claims administrator, was considering going overseas

The Convergence of Healthcare and Financial Services

Outsourcing Center, Kathleen Goolsby, Senior Writer

Consumer-directed healthcare is driving a convergence of technologies and business processes in the healthcare and financial services industries. This convergence is causing change in several business processes for both industries. Here's a look at the trends, who's driving the changes,

Gotchas For SMB Insurance Companies

John Harney, Business Writer

Insurance carriers with under $300 million in premiums face major challenges in adopting outsourcing because of their complex processes and products and intense government regulation. Here are some things to think about to insure outsourcing success.

Seven Trends in Offshore Outsourcing for 2007 and Why They Matter

Outsourcing Center, Kathleen Goolsby, Senior Writer

Offshore outsourcing is changing dramatically. Read about the changes and their implications for buyers and providers of outsourced services.

How Outsourcing Took an Insurance Company from the Worst in the Pack to No. 6

Outsourcing Center, Beth Ellyn Rosenthal, Senior Writer

The insurer's sluggish processes and aging technology made it nearly impossible to introduce new products quickly. And its expense-to-premium ratio was 65 percent when the industry norm was closer to 20 percent. Outsourcing included a transformation. The result: In the

Buying Consortia: A Hybrid Outsourcing Solution for Indirect Spend

Outsourcing Center, Beth Ellyn Rosenthal, Senior Writer

Today companies are joining buying consortia to purchase non-core supplies and processes that don't give them a competitive edge. Read how this hybrid outsourcing solution allows members to both save significant sums and share knowledge.

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Independent Insurance Agencies Embrace Outsourcing to Thrive in a Challenging Market

UK Insurance Company’s Outsourcing Success Combines Cost Savings with Long-Term Efficiency Increases

An Outsourcing Solution for Consumer-Directed Healthcare that Payors Cannot Afford to Ignore

How One Outsourcer Uses Another to Keep Its Work Onshore

How Outsourcing Took an Insurance Company from the Worst in the Pack to No. 6

Buying Consortia: A Hybrid Outsourcing Solution for Indirect Spend

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