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Promises, Promises: Are U.S. Insurers BPO Believers Yet?

Published by: IDC

Published: Sep. 26, 2007 - 27 Pages


Table of Contents



Table of Contents

Financial Insights Opinion

In This Report

Situation Overview

Figure: Selected Insurance Company Business Functions Including The Four Key Cross-Industry Functions (In Bold)

Fighting Themselves?

The hurdles include:

The drivers include:

Use of BPO for Cross-Industry Functions

Table: Brief Definitions of Four Key BPO Functions

Insurers Are Not Biting

Table: U.S. Insurance Industry BPO Spending Share, 2005-2010: Comparison with Other Financial Services Industries and with Industries Having the Highest and Lowest BPO Spending Share (%)

Table: U.S. Insurance Industry BPO Spending, 2005-2010: Comparison with Other Financial Services Industries and with Industries Having the Highest and Lowest BPO Spend ($M)

Or Are They?

In The Mix

Figure: U.S. Internal and External BPO Provider Share for Human Resources, 2006

Figure: U.S. Internal and External BPO Provider Share for Procurement, 2006

Figure: U.S. Internal and External BPO Provider Share for Finance and Accounting, 2006

Figure: U.S. Internal and External BPO Provider Share for Customer Care, 2006

Domestic Vintage Preferred

Figure: U.S. Insurance Industry Use of BPO Providers for Human Resources by Select Insurer Employee Size, 2006

Figure: U.S. Insurance Industry Use of BPO Providers for Procurement by Select Insurer Employee Size, 2006

Figure: U.S. Insurance Industry Use of BPO Providers for Finance and Accounting by Select Insurer Employee Size, 2006

Figure: U.S. Insurance Industry Use of BPO Providers for Customer Care by Select Insurer Employee Size, 2006

Future Outlook

On The Drawing Board

Figure: Insurance Industry BPO Investment Planning Horizon For the Four Key Cross-Industry Functions Over the Next Three Years

Delving Deeper

Figure: U.S. Insurance Industry Plans for Investment in Human Resources BPO by Time Period

Figure: U.S. Insurance Industry Plans for Investment in Procurement BPO by Time Period

Figure: U.S. Insurance Industry Plans for Investment in Finance and Accounting BPO by Time Period

Figure: U.S. Insurance Industry Plans for Investment in Customer Care BPO by Time Period

Essential Guidance

Actions for Insurance Companies

Suggested Options

Actions for Vendors

Learn More

Related Research

Synopsis

Abstract

This document is about Promises, Promises: Are U.S. Insurers BPO Believers Yet?

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