Insurance companies face several challenges, such as manpower, rising costs, digitization of systems, and changing regulatory landscape. Custom insurance business process outsourcing solutions.
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What makes the Philippines a top choice for business process outsourcing?
The Philippines is an ideal staffing destination with its rich culture, high literacy and communication. Today, the Philippine BPO industry has over 1,000 companies, including both providers that cater to both the Small to Medium Enterprise/ Small-Medium Businesses (SME/SMB) and global markets.
The country is regarded as a highly literate and proficient English-speaking country. This is important in business process outsourcing especially when understanding tasks, communicating with clients, and interpreting important assigned documents.
When outsourcing to the Philippines, you have access to a wide, highly specialized talent pool with the right technical skills. The Philippines also has a highly specialized talent pool with employees who have worked for large multinational and business process outsourcing companies.
Trained professionals are experienced in handling insurance processes, regulations, and compliance requirements.
Businesses also have the option to enhance the professional development of business process outsourcing professionals by conducting seminars and information campaigns to further the professional growth and meet compliance with professional standards and regulations.
Investors outsourcing business processes to the Philippines are eligible to fiscal and non-fiscal incentives. Philippine tax laws were legislated to promote investments in the growing Philippine BPO industry.
Insurance functions you can outsource
Insurance Process Specialist/Analyst: These professionals have in-depth knowledge of insurance processes, rules, regulations, and best practices. They analyze the client’s requirements, design process workflows, and ensure that the outsourced processes align with industry standards.
Connext Global Solutions helps companies build custom, dedicated support teams in the Philippines.
- 60% Client’s Average Cost Reduction
- 98% Work Retention
- 100% Client Retention Rate
- 40+ Satisfied Clients
Insurance Business Process Outsourcing Case Studies
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