BPO: INSURANCE

The US insurance industry is a large and attractive market for outsourcing. There are over 1500 property & casualty insurance companies and over 1300 health insurance companies in the US. Insurance companies have traditionally been among the slowest to outsource their processes. However, reducing margins and increasing competition in recent years has forced many of these companies to outsource in order to stay competitive and become more efficient. Today, almost two thirds of US insurance companies outsource at least one BPO function. The last few years have seen the emergence of outsourcing companies with strong domain expertise, encouraging insurance companies to outsource more core and non-core processes.

Technology Holdings has a strong focus on the Insurance outsourcing vertical and works with outsourcing companies looking to build or scale their presence in this space. Our team has experience working with US and offshore outsourcing vendors that provide services to the US Insurance industry and the private equity groups that have a history of backing business processing outsourcing companies.

Technology Holdings takes on the following types of engagements:

• Assist US Insurance outsourcing companies with identifying potential strategic acquirers.
  
  
• Assist US outsourcing companies with acquiring offshore Insurance outsourcing capabilities.
  
  
• Assist companies and private equity funds with identifying strategic investment and acquisition opportunities in the insurance outsourcing space.
  
  
• Assist Insurance BPO vendors to combine with insurance IT companies to create end to end outsourcing players