ICT Media

Global Insurance Business Process Outsourcing (BPO) Market 2014-2018

  • TEC170091
  • 79 Pages
  • September 2014
  • ICT Media
About Insurance BPO
Insurance BPO is a sub-segment of the Banking, Financial Services, and Insurance (BFSI) BPO segment. BPO service providers support some of the leading financial institutions and custodians in the world. The value chain of the Insurance industry comprises of product development, marketing, administration, asset management, and claims management. Insurance BPO is a segment of outsourcing, which consists of subcontracting the business processes of an organization to a third-party vendor that has expertise in the insurance domain. It can be defined as delegating one or more business activities to external companies (vendors), which, in turn, administer and manage the selected activity, based on defined and measurable performance criteria. It helps clients increase operational efficiency, concentrate on their core competencies, reduce time-to-market, obtain access to fresh talent and experience along with latest technologies, and build an organization with an economical cost structure.
TechNavio's analysts forecast the Global Insurance BPO market to grow at a CAGR of 5.19 percent over the period 2013-2018.
Covered in this Report
The Global Insurance BPO market can be segmented on the basis of BPO services into the following: Property and Casualty and Life and Pension. The report also discusses in detail the market spending across these two segments and key geographical regions in the market.
TechNavio's report, the Global Insurance BPO Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the Global Insurance BPO market landscape and its growth prospects in the coming years and also includes a discussion of the key vendors operating in this market.
Key Regions
Americas
APAC
EMEA
Key Vendors
EXL Services Holdings
Genpact
TCS
WNS Holdings
Other Prominent Vendors

Accenture
Capita
Cognizant
Computer Sciences
Dell
HCL
iGate
Infosys
MphasiS
Serco Group
Sutherland Global Services
Syntel
Tech Mahindra
Wipro
Xchanging
Xerox

Market Driver
Cost Effective Operations
For a full, detailed list, view our report
Market Challenge
Data Security
For a full, detailed list, view our report
Market Trend
Outsourcing of Complex Processes
For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2018 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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