Outsourcing, a practice engaged to cost-effectively transfer certain business processes to outside suppliers, often plays a vital role in a company's corporate growth strategy.
While insurance industry surplus reached an all-time high in mid-2017, exceeding $700 billion, last years catastrophic events effect on earnings means thin profit margins for many carriers.
There is hardly an insurer out there today who does not have an innovation team looking at new and emerging technologies: Blockchain, IoT and machine learning top the list.