Outsourcing of Underwriting Activities in Insurance - Advantages and Disadvantages
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(Case Code: INS045) click on the button below, and select the case from the list of available cases:
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Case Details:
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Price: |
| Case Code |
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INS045 |
For delivery in electronic format: Rs. 100;
For delivery through courier (within India): Rs. 100 + Shipping & Handling Charges extra
Themes- |
| Case Length |
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03 Pages |
| Period |
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2003 |
| Pub Date |
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2003 |
| Teaching Note |
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Available |
| Organization |
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Varied |
| Industry |
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Insurance |
| Countries
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India |
Abstract:
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The case focuses on the need for proper coordination between the various
functions of an insurance organization.
It discusses the problems associated with the aggressive selling of products and
the lack of proper back-up underwriting staff to process applications for
insurance policies. The case also examines the feasibility of outsourcing
underwriting activities to speed up the processing of applications.
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Issues:
» Understand the importance of proper coordination between the marketing
department and the underwriting department
» Analyze the extent to which outsourcing can be effectively used by insurance
organizations
Keywords:
Proper, coordination, functions, insurance organization,
aggressive, selling, products, back-up, underwriting staff, insurance policies,
feasibility, outsourcing, underwriting, speed up, processing, applications
Outsourcing of Underwriting Activities in Insurance - Advantages and Disadvantages
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