Tips for Successful Insurance Process Outsourcing? Well, there are a few really good ones. How about Insurance BPO Outsourcing? That's right, using a third-party partner to handle your Insurance BPO Services.
Like many business sectors, the Insurance Industry has been turned upside down in the past few years.
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In any business, the bottom line is the bottom line. There are fixed operating costs that seem to only increase, no matter what actions are taken to reduce them: Escalating government regulation Increased administration & compliance costs The effect of Climate Change on increasing damage claims from fires, floods, and hurricanes Aging populations with increasing medical claims The rising cost of health care & long-term product liability claims And through it all, businesses need to continually s...
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It seems all cultures have their favorite, sometimes idiosyncratic ways to describe rules and practices. Governments, Militaries, Religions… and Business is no different. Humans can’t help themselves. Acronyms seem to be in our DNA. And here’s one that no one outside of certain business sectors will know.
GAAP. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES.
What The Heck Are Generally Accepted Accounting Principles?
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Some habits are hard to break. For many businesses, the paper is just such a habit. We can’t help it- so many business practices are ingrained, imprinted on our subconscious, that we don’t even think about them, it just happens. Paper has been around for centuries. And even now, the paper habit would seem impossible to shake.
Before the turn of this century, most businesses were literally drowning in paper. Every document generated by any business was printed on paper, sometimes multiple ...
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