Insurance outsourcing is one such sector which would help India in retaining the outsourcing crown. At present the insurance outsourcing revenues in India stand at $690 million but by the year 2010 it is expected to reach the figures of $2 billion.
Also this sector is expected to generate employment for 100,500 people by the year 2010. Companies such as Infosys, TCS would be employing their knowledge and finances for building their insurance capabilities.
Though it is going to bring benefits but along with it would also be facing challenges with regards to costs, differentiating product offerings and the strict regulatory compliance.
