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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. Explore the factors driving insurers to partner with specialized service providers and the advantages and obstacles of actuarial outsourcing.
The advantages include improved project efficiency, resourceoptimization, and access to cutting-edge technology. HR processes including leave management, performance reviews, evaluations, and health insurance are made easier by ICT solutions. Offshoring differs from outsourcing.
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