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Transformation Imperatives for Wholesalers and MGAs in Insurance: Exploring Opportunities to Unlock the Next Growth Phase | Blog

Everest Group

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity.

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9 Healthcare Trends For 2024

Perficient Digital Transformation

Recommended Approach : Given the tight operating margins many HCOs face, leaders must strike the right balance balance of effectiveness and cost-efficiency. Risk management, data access controls, and continuous monitoring and logging are likely on your checklist. Be sure to also consider your software supply chain security.

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Focus on data ecosystems in the era of financial services

Capgemini

The banks and insurers don’t have a choice but to start to collaborate,” Parmar says. “So, By procuring data from a variety of sources, they can enrich their own data and improve in areas like risk management. So, the desire is there to grow and reach new prospects and clients and to service them better.

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Outsourcing HR Functions: What Are the Pros and Cons?

NoonDalton

When compared to a full-time HR staff with recurring annual expenses, an active HR outsourcing strategy will guarantee better results at reduced costs. Risk Management. Not only do HR teams manage employee relations and anti-discrimination initiatives. Employee Benefits Admin.

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IAOP GOV20: Rethinking Governance

Neo Group

In this panel, leaders from the financial and insurance sectors discuss how regulations and compliance have to increasingly be included in ongoing governance. John Bree will also be moderating a Risk Management Panel on Third-party COVID-19 Disruption. . No industry is immune to it.

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What Is Contract Management In Procurement?

Obobo

It involves ensuring that both parties fulfill their obligations, such as delivering goods on time and maintaining agreed-upon quality standards, while also mitigating risks and resolving disputes. Effective contract management can help organizations reduce costs, improve efficiency, and maintain good relationships with suppliers.

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Supplier Management Best Practices

Planergy Software

-based vendors you do business with have to have to prove that they have a minimum of two types of insurance coverage. They must show proof of worker’s compensation insurance, which provides wages and medical benefits to any employees injured while on the job.