« Present May Be Tense But Future Perfect, Six Point Roadmap from NASSCOM | Main | US recession will help IT and BPO industry »

Apr23
Actuarial Outsourcing Taking Shape in India.

In line with hot global insurance outsourcing market, actuarial outsourcing (they are calling it actuarial process outsourcing or APO) is gathering mosses in India. KPOs in India are all out to woo actuaries with lucrative packages. According to a TOI report, it is estimated that Indian insurance outsourcing industry's revenue will rise from $790 million in 2007 to about $2 billion by 2010. As the market will mature, analysts feel, Indian IT companies which till now only have been doing back office insurance services will try to get contracts of complex actuarial valuations work.       

Though there is no such study or research has been done on the scope of Actuarial outsourcing in India or offshore countries (you can expect some in near future or pretty soon), Mohit Thukral, senior VP of Genpact feels thaactuarial-outsourcing-Indiat "The global insurance KPO market is estimated to be around $430 million in 2007 and India's share is expected to be about 70% at about $300 million by 2010,"

Sanjiv Kapur, Senior VP Head, Patni BPO says, "Various sources of market research predict the KPO industry to be anywhere between $10 billion to $17 billion by the year 2010. Going by the indication and the response we are seeing from the global market, India has the potential to become actuarial back office of the world."

Don't have time to visit the blog often? Let me send you outsourcing news, views, career tips, analysis, joke, humor, even bitching of the outsourcing world as they are publsihed in BPOTiger. You may subscribe here. 

 


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Present May Be Tense But Future Perfect, Six Point Roadmap from NASSCOM | Main | US recession will help IT and BPO industry »

Advertise

Related Resources

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Enter your Email:


Powered by FeedBlitz What's this?

Current News

Support This Blog

My site was nominated for Best Business Blog!

business social media

Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

BIZZlogos - Add your logo - free link to your site
BIZZphotos - Add photos of your products and people
BIZZprofiles - Submit your profile and build your online visibility
BIZZspotlight - Spotlight your business with free links
BIZZvideos - Videos about businesses, products and business people.
BIZZbites - "Digg" for Business - Submit your articles and posts

know more media network

View Network Map

Network Feed List (OPML)

Know More Media Network
Feed


we support unitus

PRWeb

Influencer



BPOTiger is a member of the Know More Media network of business related blogs.

Here are some current headlines from some of our business publications:

ProductivityGoal

CallCenterScript

AdHurl

TheBizofKnowledge

LandingTheDeal

CustomersAreAlways

HealthCareVox

BrainBasedBusiness

TheInsurancePolicy

MarketingBlurb