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BUSINESS INFORM №10-2014

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57

Section: Finance, Money Circulation and Credit
UDC 368.042
Muzhylivskyi V. V.
Outsourcing of the Business Processes in the Field of Insurance (p. 353 - 357)

The article studies the preconditions and opportunities for use of outsourcing in the field of insurance. The necessity of the use of outsourcing in the insurance business being the progressive form of the relationships, that are established when insurer delegates a number of elements of the business insurance to the outsourcing companies, is grounded. It is found, that the main objective of the business process outsourcing in the field of insurance is to provide opportunities for the insurer to focus solely on the substantive aspects of the insurance business. The contents of the insurer's key functions which can be outsourced, was revealed. Methods of reducing the expenditures of the insurance business as result of the transfer of several functions of the insurer to an outsourcing company were discussed. It was determined on the basis of generalized worldwide experience, that outsourcing companies in the process of development take on the increasingly complex functions of insurance companies, which allows insurers to free up the available resources to meet the main business objectives. It was concluded that the main advantage of the outsourcing of business processes in the field of insurance is to reduce the internal pressures on the insurer, to lower costs, to gain more of time and resources.
Keywords: outsourcing, business processes, insurance activities, functions of insurers
Fig.: 3. Bibl.: 11.

Muzhylivskyi Vladyslav V. – Candidate of Sciences (Economics), Associate Professor, Department of Finance and Credit, Kharkiv National University of Construction Engineering and Architecture (40 Sumska Str., Kharkіv, 61000, Ukraine)
Email: Renownery@gmail.com

Article is written in Ukrainan
Downloads/views: 177

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Reference to this article:
Muzhylivskyi, Vladyslav V. (2014) “Outsourcing of the Business Processes in the Field of Insurance.” Business Inform 10:353–357.


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