Search “insurance process outsourcing cost” and you’ll find a lot of confident numbers. 47%
Roughly 30 to 40% of a commercial lines underwriter’s time goes to administrative tasks
US insurers are stuck in an uncomfortable spot. Submission volume keeps climbing as brokers
The average insurance claim takes 40.7 days from first notice of loss to payment,
Finding and screening candidates with real potential was the third-biggest challenge independent agencies reported
Claims processing eats up close to 40% of insurance BPO revenue, the biggest slice
Insurance administration eats more of an operations team’s week than most executives realize. New
Every insurance company hits the same wall eventually. Submission volumes climb, claims backlogs grow,
US managing general agents wrote an estimated $114.1 billion in direct premiums in 2024,
US carriers and MGAs are running into the same wall from different directions. Claim
Saving costs on insurance outsourcing seems easy until you analyze the data. The total
The property and casualty (P&C) insurance industry is facing a staffing crisis, with nearly
