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Sharing Services Helps Insurers Cut Costs

Concept helps achieve economies of scale; allows focus on core activitiesFor more than three decades, organizations have pursued and refined the concept of sharing ...

By Sean O'neill | Updated on June 05, 2005

Concept helps achieve economies of scale; allows focus on core activities

For more than three decades, organizations have pursued and refined the concept of sharing basic services across business units. Initially seen as a strategy to provide functions such as accounting and payroll more cost effectively, the concept has evolved to encompass many other functions, including information technology, human resources, legal, real estate and procurement.

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