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Tuesday 31 January 2017

*NEW RESEARCH*: The role of BPS in transforming the London Insurance Market

lWe have tracked the UK insurance sector for some time, as an evolving area of opportunity for UK business process services (BPS) providers (see General insurance BPS opportunities in a rapidly changing market), and as part of our FinancialServicesViews research stream.

In this report, we discuss the potential for market-wide transformation across the corporate London Market insurance sector - a 300-year old market made up of leading insurers, brokers and underwriters.

The London Market has always been considered too big and too complex to transform. However, there are a number of factors in play today, driven by new competition, and of course Brexit, which we believe will encourage real transformative change over the next few years. BPS providers are well placed to help, offering digitally-enabled technology platforms, process re-engineering and operations via new Business Process-as-a-Service (BPaaS) models.

Subscribers to TechMarketView's BusinessProcessViews and FinancialServicesViews research streams can read our assessment of the potential for transformation and opportunities for BPS providers, in our new report: The role of BPS in transforming the London Insurance Market.

If you're not yet a subscriber, please contact Deb Seth (dseth@techmarketview.com) to find out more. 

Posted by John O'Brien at '15:14' - Tagged: insurance   transformation