Dancing with the Red Queen: The Insurance and Technology Sourcing DynamicIDCJanuary 25, 2007 18 Pages - SKU: IDC1460279 |
|
This Financial Insights report is the fourth document in the sourcing report series from the Insurance Advisory Service. The key objective of this report is to discuss several frameworks. These frameworks address the sourcing options that insurance companies have as they develop or reshape their sourcing strategies and the software solutions and outsourcing services that technology firms provide. "Competitive advantage is elusive and always short lived. Insurers must have a sound sourcing strategy to be in a position to find and maintain that competitive advantage as long as possible. This means that an insurer's sourcing strategy has to reflect its corporate strategy and be structured in a way that is comfortable to the insurer's culture and organization. A sound sourcing strategy is about finding that delicate balance point between cost savings and generating profitable new growth." ? Barry Rabkin, senior research analyst, Financial Insights |
Related Markets
Outsourcing Reports
- Perspective: Old Mutual South Africa Signs ZAR 2.5 Billion Outsourcing Deal with Dimension Data
- 2011 Outsourcing Guide for the Banking Industry
- Back Office Outsourcing - Creating Business Opportunity For Banks In U.S.
- Global Insurance Technology Business Update: Mid-Year 2007 (Executive Presentation)
- Insurance ITO and BPO Practices: Themes from a Summer 2006 Survey
