Alsbridge: Insurance Company Outsourcing Grows

Alsbridge Inc. released an article (http://www.outsourcingleadership.com/insurance-industry.shtml reporting on the tremendous increase in outsourcing by insurance companies over the past two years. The increase has been across the board in functional areas including BPO, IT, F&A, and HR. The engagements involve the vast majority of large insurance companies and outsourcing providers. Many of the engagements are entering the second and third generation of agreements. Ben Trowbridge, CEO for Alsbridge sees mergers and acquisitions as being major factors in the move to outsourcing. "With wider product offerings and geographies, insurance companies need to standardize processes involving disparate systems. Outsourcing will accelerate consolidation."