Abstract
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
View Cart
