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2009 Top Insurance BPO and ITO Vendors
Published on September 2009

                                                                                                            Report Summary

In 2009, the Black Book Insurance BPO Client Industry user survey investigated over 800 contracts held by 2,600 of the top spending
insurance corporations and organizations globally.
Sectors are divided by client type:
' Life and Annuity Insurance
' Property and Casualty Insurance
' Health Insurance
18 Key Performance Indicators (KPIs) or criteria are employed, scored on each respective vendor by client type and ranked on a 0-10
scale per KPI.
Insurance BPO products typically fall into one or some combination of the following six categories:
' Product Development: Includes marketing, pricing, risk analytics, and product testing (model office) in software services
' Sales and Marketing: Includes agent management, external reporting and business intelligence/data warehousing in software
services
' Underwriting and Risk Management: Includes pricing support, quote and policy issuance and mid-term changes
' Policy Administration: Includes billing, premium and claims booking, payment processing, testing and administration systems
simplification in software services.
' Claims Management: Includes end-to-end claims management from adjudication to settlement and claims recovery services
(subrogation and fraud detection).
' Brokerage Services: includes Premium Accounting services, document management, Policy Maintenance, Operation Support
services and client services
' Corporate Functions: Includes reporting, reconciliation, treasury, financial planning and analysis, ERP implementation in software
services, client, network, server and security services.


Insurance ITO functions typically fall into one of the following:
' Infrastructure: Help Desk, Applications Monitoring, Security, LAN WAN Management, Data Center management
' Applications Management: Development, Maintenance and ERP Solutions
' Data-warehouse and Business Intelligence Solutions
' Bundled ITO/BPO/KPO Services
Key Findings


Key Finding: Most Important Customer Satisfaction KPIs
Best of Breed Technology and Customer Care are the most important attributes influencing Life Insurance Client Companies'
satisfaction with their outsourcing providers.
Trust and Integrations/Interfaces are the most important attributes influencing Property & Casualty Client Companies' satisfaction with
their outsourcing providers.
Reliability, Deployment and Customization are the most important attributes influencing Health insurance Client Companies'
satisfaction with their outsourcing providers.


Key Finding: Business Process Outsourcing Vendor Dissatisfaction is rare in the Insurance Industry Services Industry
Strong dissatisfaction is uncommon in this niche BPO sector, occurring in only 7.22% of Life Insurance client types, 13.8 % in
Property & Casualty clients, and 10.8% of Health Insurance clients globally. US clients are among the most satisfied with Insurance



2009 Top Insurance BPO and ITO Vendors                                                                                           Page 1/4
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BPO services delivery. Strong dissatisfaction with offshore outsourcing vendors was less than 9% of all surveyed clients with 2009
projects.
Key Finding: Comprehensive Services Vendor Arrangements from a Comprehensive/End-To-End Insurance BPO and ITO Vendor
produces the Highest Satisfaction Rates
Single-vendors offer both comprehensive services to Insurance outsourced services clients.


Synopsis
Results from 2009 Black Book Outsourcing survey. In the Insurance sector, satisfaction with their outsourcing providers varied across
the 3 client groups, but strong customer dissatisfaction is uncommon in this niche BPO sector.
Companies mentioned
CSC, Capgemini, CGI, HCL, IBM, Accenture, Fiserv, Cognizant, TCS, Patni, Infosys, WNS, NIIT Technologies, ACS, EXCL Service,
iGate, HP - EDS, Perot System, Aditva Birla Minacs, Hinduia TMT




                                                                                                          Table of Content

Introduction                                              7
                                                                                                       Summary
                                   11


Methodology                                              15


Top 20 BPO Support Vendors                                        12
Top 20 ITO Support Vendors                                       14
Stop Light Scoring Key                                  19


Overview of KPI Leaders                                  24


Individual Key Performance Indicator Detail        33




2009 Top Insurance BPO and ITO Vendors                                                                                       Page 2/4
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2009 Top Insurance BPO and ITO Vendors                                                                                Page 4/4

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2009 Top Insurance BPO and ITO Vendors

  • 1. Find Industry reports, Company profiles ReportLinker and Market Statistics >> Get this Report Now by email! 2009 Top Insurance BPO and ITO Vendors Published on September 2009 Report Summary In 2009, the Black Book Insurance BPO Client Industry user survey investigated over 800 contracts held by 2,600 of the top spending insurance corporations and organizations globally. Sectors are divided by client type: ' Life and Annuity Insurance ' Property and Casualty Insurance ' Health Insurance 18 Key Performance Indicators (KPIs) or criteria are employed, scored on each respective vendor by client type and ranked on a 0-10 scale per KPI. Insurance BPO products typically fall into one or some combination of the following six categories: ' Product Development: Includes marketing, pricing, risk analytics, and product testing (model office) in software services ' Sales and Marketing: Includes agent management, external reporting and business intelligence/data warehousing in software services ' Underwriting and Risk Management: Includes pricing support, quote and policy issuance and mid-term changes ' Policy Administration: Includes billing, premium and claims booking, payment processing, testing and administration systems simplification in software services. ' Claims Management: Includes end-to-end claims management from adjudication to settlement and claims recovery services (subrogation and fraud detection). ' Brokerage Services: includes Premium Accounting services, document management, Policy Maintenance, Operation Support services and client services ' Corporate Functions: Includes reporting, reconciliation, treasury, financial planning and analysis, ERP implementation in software services, client, network, server and security services. Insurance ITO functions typically fall into one of the following: ' Infrastructure: Help Desk, Applications Monitoring, Security, LAN WAN Management, Data Center management ' Applications Management: Development, Maintenance and ERP Solutions ' Data-warehouse and Business Intelligence Solutions ' Bundled ITO/BPO/KPO Services Key Findings Key Finding: Most Important Customer Satisfaction KPIs Best of Breed Technology and Customer Care are the most important attributes influencing Life Insurance Client Companies' satisfaction with their outsourcing providers. Trust and Integrations/Interfaces are the most important attributes influencing Property & Casualty Client Companies' satisfaction with their outsourcing providers. Reliability, Deployment and Customization are the most important attributes influencing Health insurance Client Companies' satisfaction with their outsourcing providers. Key Finding: Business Process Outsourcing Vendor Dissatisfaction is rare in the Insurance Industry Services Industry Strong dissatisfaction is uncommon in this niche BPO sector, occurring in only 7.22% of Life Insurance client types, 13.8 % in Property & Casualty clients, and 10.8% of Health Insurance clients globally. US clients are among the most satisfied with Insurance 2009 Top Insurance BPO and ITO Vendors Page 1/4
  • 2. Find Industry reports, Company profiles ReportLinker and Market Statistics BPO services delivery. Strong dissatisfaction with offshore outsourcing vendors was less than 9% of all surveyed clients with 2009 projects. Key Finding: Comprehensive Services Vendor Arrangements from a Comprehensive/End-To-End Insurance BPO and ITO Vendor produces the Highest Satisfaction Rates Single-vendors offer both comprehensive services to Insurance outsourced services clients. Synopsis Results from 2009 Black Book Outsourcing survey. In the Insurance sector, satisfaction with their outsourcing providers varied across the 3 client groups, but strong customer dissatisfaction is uncommon in this niche BPO sector. Companies mentioned CSC, Capgemini, CGI, HCL, IBM, Accenture, Fiserv, Cognizant, TCS, Patni, Infosys, WNS, NIIT Technologies, ACS, EXCL Service, iGate, HP - EDS, Perot System, Aditva Birla Minacs, Hinduia TMT Table of Content Introduction 7 Summary 11 Methodology 15 Top 20 BPO Support Vendors 12 Top 20 ITO Support Vendors 14 Stop Light Scoring Key 19 Overview of KPI Leaders 24 Individual Key Performance Indicator Detail 33 2009 Top Insurance BPO and ITO Vendors Page 2/4
  • 3. Find Industry reports, Company profiles ReportLinker and Market Statistics Fax Order Form To place an order via fax simply print this form, fill in the information below and fax the completed form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93 If you have any questions please visit http://www.reportlinker.com/notify/contact Order Information Please verify that the product information is correct and select the format(s) you require. 2009 Top Insurance BPO and ITO Vendors Product Formats Please select the product formats and the quantity you require. Digital Copy--USD 2 500.00 Quantity: _____ Contact Information Please enter all the information below in BLOCK CAPITALS Title: Mr Mrs Dr Miss Ms Prof First Name: _____________________________ Last Name: __________________________________ Email Address: __________________________________________________________________________ Job Title: __________________________________________________________________________ Organization: __________________________________________________________________________ Address: __________________________________________________________________________ City: __________________________________________________________________________ Postal / Zip Code: __________________________________________________________________________ Country: __________________________________________________________________________ Phone Number: __________________________________________________________________________ Fax Number: __________________________________________________________________________ 2009 Top Insurance BPO and ITO Vendors Page 3/4
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