India also excels in the insurance outsourcing industry and here are figures to prove them. Indian insurance outsourcing industry was valued at $690 million and is expected to grow at the rate of thirty percent per year till 2010.
It is expected that Indian insurance outsourcing industry would grow at a faster rate as compared to other nations and businesses would be seeking new and innovative business arrangements.
The future of India looks very bright in this sector and it’s expected that there would be an increasing trend towards outsourcing of high end processes such as analytics, actuaries and underwriting. Come 2010 and you would see Indian companies turning into mature service providers and competing with MNCs.
