global insurance services market - procurement market intelligence report 2017 - 2021

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USA – CANADA – UK – CHINA – INDIA Global Insurance Services Market - Procurement Market Intelligence Report 2017-2021

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USA – CANADA – UK – CHINA – INDIA

Global Insurance Services Market - Procurement Market Intelligence

Report 2017-2021

USA – CANADA – UK – CHINA – INDIA

Scope of The Report

• Market insights of the global insurance services market

• Supply insights of the global insurance services market

• Pricing insights of the global insurance services market

• Category essentials of the global insurance services market

• Cost drivers that will shape the supplier landscape

• Understanding the challenges faced by the procurement managers

• Analysis of the key procurement best practices to drive the

maximum benefits

• Supplier market landscape and future trajectory of the market

USA – CANADA – UK – CHINA – INDIA

Procurement Best Practices

Buyers should adopt systematic procurement practices that allow them to exert better control over service providers,

irrespective of the prevalent market forces. This helps manage expenses and service quality better.

• Adopting reverse bidding

• Categorization of employees (for business insurance)

• Unbundling services

• Benchmarking policies with peers

Key Strategies

Global Insurance Services Market - Procurement

Market Intelligence Report 2017-2021

USA – CANADA – UK – CHINA – INDIA

Procurement Challenges

Buyers of insurance services face challenges in obtaining complete coverage for all possible risks that affect

operations. In addition, an increase in the time to complete processes such as underwriting and claims verification

can increase their exposure to risks.

Key Challenges

• Selective policy coverage

• TAT for underwriting and claims settlement

• Claims denial

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