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When Luke Eagle started his own company in 2017, he saw an opportunity to grow his “ one-man band ” operations into an insurance brokerage firm that provided a holistic approach in fulfilling various insurance needs. Since 2014, the insuranceBPO industry has seen a consistent yearly growth of 9-10%.
Outsourcing Philippines is up and ready to face the changing global BPO landscape. The Philippines is a key player in the BPO global arena. Today, outsourcing Philippines has 30% market share of the global BPO industry. For them to cover a bigger market share in the global BPO industry. Top Industries That Outsource.
Meanwhile, the banking, financial services and insurance (BFSI) capital markets segment faces increased demand for more complex products, increasing middle office outsourcing activity. Many BPO companies have branched out into non-voice services, which range from finance and accounting to animation to healthcare revenue cycle management.
The major consumers of outsourced analytic services are the banking, financial services and insurance (BFSI) sector, accounting for about 33 percent of market revenue in 2014, followed by the healthcare industry. percent CAGR ) from 2015 to 2020. . Reference: – [link].
The Philippine economy is considered to be “fairly resilient,” supported by strong domestic consumption that is driven by a robust business process outsourcing ( BPO ) industry , remittances from Filipinos working abroad, election spending and a growing middle class. percent posted in 2014. Reference: – [link].
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