Asset and wealth management had a major impact of coronavirus in the financial serivices market space. As much of a calamity as COVID-19 has been for the world from a health perspective. It has also had a serious impact on the financial services industry. Given what amounted to a global recession during the summer, it’s hardly a surprise to point this out. However, as we...
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Larger insurance companies often consider outsourcing or the use of external capabilities. They consider which parts of their organization they can outsource and which to keep in-house. A crucial question arises: ‘Will outsourcing this system or process provide a cost advantage?’ If affirmative, they proceed to shift the operation outside the organization. Unfortunately, the decision is not that simple. What is outsourcing in the insurance companies? Let’s first start...
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