Life Insurance Outsourcing
Insurnace
IC & Managers
60 MinsOverview
Insurance companies may hire the services of a third party service provider to handle some of the services and functions related to insurance. This concept is known as insurance outsourcing. Some of the insurance processes that are outsourced include underwriting, the launch of new insurance products, sales and distribution of insurance products, policy and claims administration, reinsurance administration, support agents and customers, and regulatory compliance.
Topics
This module will cover the following topics:
- What is Insurance Outsourcing
- What is Outsourced in Life Insurance
- New Business and Underwriting
- Claims Administration
- Finance and Accounting
- Claims and Analytics
Objectives
At the end of this module, your employees will be able to:
- Define business process outsourcing
- Explain the need for life insurance business process outsourcing
- Identify the benefits of insurance outsourcing
- List global life insurance companies that outsource their business processes
- Evaluate the purpose of product development outsourcing
Interested in this module?
You can avail of this module with the Compliance bouquet. It can be purchased as part of an Individual or Enterprise plan. Sign up for a demo now!
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