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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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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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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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How professional employer organizations help business. And how to choose the right one

Mercans

When a company joins a PEO, their employees will have access to some or all of the following: Medical, dental, life, disability, and accident insurance. Risk reduction. EEO reporting and claims management. Management of employee claims and Employee Practice Liability Insurance (EPLI). Reduce costs.

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How To Calculate Procurement Savings

Obobo

In light of the ongoing effects of the pandemic, it is essential that businesses keep track of all cost reduction initiatives and strategic sourcing in order to survive harsh economic declines. As the influential thinker on management, Peter Drucker, famously said ‘if you can’t measure, it you can’t improve it’.

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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.

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Accounting Outsourcing Best Practices: How to Ensure Success

Paysquare

Overall, outsourcing accounts is significant as it enables businesses to streamline operations, reduce costs, access specialized skills and maintain compliance with accounting standards and regulations. Implement risk management strategies like contingency plans, disaster recovery protocols, and insurance coverage.