What is Outsourcing?

What is Outsourcing? The term outsourcing refers to the contracting out of a business process to an external provider. This is often referred to as Business Process Outsourcing or BPO. When businesses outsource to suppliers outside of their own country, it is often referred to as offshoring or offshore outsourcing. Virtually any conceivable business practice…

Details

Why Outsourcing Works for Insurance Companies?

Why Outsourcing Works for Insurance Companies? Due to the changing market drivers and stringent regulatory norms, substantial changes are occurring in the insurance sector. The heavy competition in the insurance sector has given rise to various operational challenges such as improving turnover ratios and their activity along with establishing a pricing model that remains competitive. …

Details