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Outsourcing is a growing trend in the insurance industry to transform the actuarial function by reducing costs, creating innovation, increasing efficiencies, and filling the talent demand. Cost optimization: Actuarial outsourcing optimizes costs by using offshore resources and the specialized expertise of external partners.
This promotes transparency, efficiency, and cross-functional alignment, leading to more effective decision-making and resourceoptimization. With NetSuite’s technology stack, CFOs can achieve greater efficiency, accuracy, and agility in their financial operations.
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