Outsourcing Advantage- Insurance Sector-I

Insurance and risk management make up an immense global industry. According to a survey conducted by a leading global insurance firm, Swiss Re, worldwide insurance premiums totaled $3.4 trillion in 2005, up about 2.5% from 2004. Global life insurance premiums were $1.45 trillion during 2005, while all other types of insurance totaled $1.97 trillion.

In USA, the insurance business employs about 2.3 million people, and insurance gross premiums totaled $1.15 trillion during 2005, making the U.S. the world's largest insurance market. Contribution of Life insurance in the United States was about a $517 billion business (in gross premiums) in 2005 and Non-life premiums totaled about $626 billion for that year. U.S. life insurance firms held about $4.5 trillion in assets in mid-2006, according to the Federal Reserve Bank. Approximately 4,500 companies underwrite insurance in America, but the industry is dominated by a handful of major players.

Japan occupies second position in the world's insurance market. According to Swiss Re, total premiums in Japan during 2005 were $476 billion, including $376 in life insurance premiums and $101 in non-life premiums.

The UK is the world's third-largest market. During 2005, life premiums there were $200 billion and non-life $101 billion. Additional large markets include Germany, France and Italy, in that order.

Other than these three countries the fastest-growing markets are in Asia (10.5% premium growth in 2005), followed by Africa (5.8%). Again, these figures are from Swiss Re (www.swissre.com).

With the increase in market there are more and more players are coming up in the market, resulting into downfall in premium (to the extent of more than 60% in indian insurance market), without any reduction in incurred claims. Thereby reducing unerwriting profits. As a matter of fact in developing countries the Insurers specially in P& C Insurance more than often get negligible U/w profits or losses. It is only the Investment Portfolios of these companies which helps these companies to float.

All the above reasons makes it very important for Insurance Companies to consider outsourcing to maintain their edge in the market.

In my series of posts on Insurance, I will share with you that in what way Outsourcing may help various activities of Insurance Companies.

With warm regards,

Kajal Shrivastava

Outsourcing Decision- Set your Priorities Right

Business Process Outsourcing as a business tool has helped a huge number of organizations big or small significantly in their endeavors to achieve their corporate goal in recent times. We have reached to a stage where we can find best possible solutions for our business needs from across the globe with the click of a button. It is expected that worldwide spending on Business Process Outsourcing (BPO) services will increase to $682.5 billion in 2008, with a compound annual growth rate of 11 per cent, says a study by analyst firm IDC.

In case you are considering Outsourcing, spend some time to find out why you should outsource?The following could be the reasons for outsourcing:

1. Getting out of your Non-Core activities.

2. Gaining access to highly skilled professionals.

3. Cost Advantage, by outsourcing the work in the countries with low per capita income.

Outsourcing also helps organizations to keep their regular employees in main stream business. For example an HR Expert working with an IT company will have a limited growth potential. Under such circumstances the organization may take a conscious decision to outsource it's HR function.However, When you consider above advantages, consider these aspects also:

1. Are you willing to loose marginal control on your business process.

2. Do you think that outsourcing will not lead to disclosing your confidential or strategic information to your Outsourcing Partner. Since NDA agreements and such things are only Legal Documents.

3. Outsourcing may also result into the possible loss of flexibility in reacting to changing business conditions, lack of internal and external customer focus and sharing cost savings.

4. Loss of internally generated talent is yet another problem associated with the outsourcing as it may hamper the growth of an employee by depriving him from the experience he would have gained by handling the business issue himself then by passing it over to some other external party.

In case you are considering Outsourcing of any of your activities, we would be glad to provide you not only assistance in your decision making, but at the same time we can offer our services for your critical Business Process as well.

Contact us at business@aryanoffshoresolutions.com, or visit us at http://aryanservices.blogspot.com./

Do you need a Virtual Assistant for Real Jobs

Overhead expenses of managing an office, hiring office staff on many occasions make it impossible for a new entrepreneur to start his business. Even for medium size companies, office overheads consume a significant portion of their turnover.

On this front also, Aryan Offshore Solutions can help you by providing following services:

Email management Services:

As a Senior Business Executive or as an owner of new business you are likely to receive a too many mails requiring your immediate attention. Your challenge increases when you are traveling frequently. Aryan Offshore Solutions can ensure that you do not miss even a single business opportunity by checking all your mails continuously. Taking actions as suggested by you, and contacting you over telephone whenever the situation warrants.

Customer Support Services:

this service includes responding to your customers mails, live chat (voice and text) support grievance handling, providing them required literature about your product and services, calling them back on your behalf for providing any info as desired by them at affordable prices.

Power Point Presentations:

You are busy planning your business, meeting people, maintaining your tight schedules and then you remember you needed a PPT for evening business meeting and you don’t have time to do that. Contact us, we can ensure preparation of power point presentations in time for you meeting your requirements.

In addition to above we may provide any kind administrative services which you may require. Kindly contact us at business@aryanoffshoresolutions.com with your requirements, we will get back to you with our offer.

Market Research

A systematic research always helps organizations to find more promising market. It is a fact that Business that invests time in market research increases their chances of succeeding in international markets.
Researching potential markets can help your company by:

1. Finding where your products are most likely to sell.
2. Determining both domestic and international competitors
3. Understanding customers' needs
4. Identifying new trends
5. Establishing fair market prices for your products
Aryan Offshore Solutions may help you in above activities by searching information available over internet about your competitors, product and services in your category, market trends and research reports.

The reports may be generated in the format as required by you.
We assure you that with our team of vibrant professionals you will be able to maintain your competitive egde over your competitors.

With our experienced Market Research Professionals, we can always come up to your expectations. Send your enquiries to us at business@aryanoffshoresolutions.com.

Telemarketing Services- Reach closer to your Market

Generating leads for your Products an Services, assessing satisfaction levels of your existing customers and getting feedbacks of your lost customers are all very important aspects of today's marketing. This factor always decides about the future of any Business Enterprise.

Telemarketing helps Marketing Department of any organisation in a big way in all the above aspects. Telemarketing is the promotion of products and services, by telephone, to prospective customers. Telemarketing has significant advantages over direct mailing alone as it enables the telemarketing executive to handle objections over the telephone. Telemarketing may be one part of the marketing plan for a business.

Successfully growing your sales volumes, through the use of telemarketing, depends on a number of factors like:

1) Accurate Customer Targeting
2) An Attractive Proposition for the Customer
3) The Right Circumstances

With its trained manpower Aryan Offshore Solutions offers cost -effective telemarketing facility to its valued customers for your all kind telemarketing requirements.

Aryan Offshore Solutions is an India based upcoming BPO Company providing a variety of services to it's overseas clients - including Data Services, Marketing Support Services (including Telemarketing).

This facility can be utilized for any of the following purposes:

· Appointment setting
· Lead Generation
· Sales
· Market Research
· Help Desk
· Financial services
· Surveys

In case you have any requirement Big or Small, you can be a Home Run Business-man/woman or a small and meium sized company from any corner of the world with Target Customers from English speaking countries, we will be too happy to become a part of your project. Mail us at business@aryanoffshoresolutions.com.

Live Chat Support on Websites by Aryan Offshore Solutions

At Aryan Offshore Solutions we understand fully well that Online chat support is yet another way of providing better, faster and efficient customer support services to your customers. Chat support is live and your customers can get immediate answers to their queries and immediate solutions to their problems. Such efficient customer care can improve your business and increase your profits.

You will appreciate that majority of the customers visiting your websites are passive customers. Thet invariably avoid giving their e-mail ID, contact numbers and most of the time will avoid even making a phone call to your Toll Free Number also. However, a live chat support that too without asking for personal details, puts a website visitor at ease. Thereby inceasing your chances of turning him into a bright prospect.

Live chat support services can be employed for helpdesk desk services, for improving customer relationship services on your website and for business related queries. It can also be used as an effective method to cross-sell and up-sell your products and services.

We will be pleased to provide our professional Live Chat Support services to you at highly competitive rates, in all time zones.

Kindly contact us immediately at business@aryanoffshhoresolutions.com

Data Entry Services by Aryan Offshore Solutions

Most of the organization now prefer to outsource data entry work to offshore locations primarily because this allows them to focus more on their core areas, moreover, outsourcing of this activity proves to be a cost effective and more profitable option.
Offshore data entry has accelerated dramatically in recent years. And the reasons for this shift could be attributed to increased bandwidth, faster scanners and data processors, standardization for data transfers, and the opportunity for competitive advantage created by round the clock business days and compressed cycle time.
Our Data entry solutions offer comprehensive range of data entry services at competitive price suited for any volume of data entry applications.
Our services under this category include the following:

1. Online Data Entry
2. Offline Data Entry

Aryan Offshore solutions can manage all your data entry requirements at low cost and high accuracy to ensure that you gain a competitive edge over your competitors in your industry.

Online data entry:

Aryan Offshore Solutions provides an excellent opportunity to organizations looking for support and services for online data entry and related work. With our team of dedicated and competent professionals we are always in a position to exceed your expectations by our performance.
We have an experienced team of professionals in the following areas, which deliver excellent results:
· Online Data Entry
· Online Data Entry and Compilation from websites.
· Online Business Card data entry into any format
· Online catalog data entry.
· Online form processing and submission.
· Data entry from paper/books with high accuracy and speed.
· Online data capture/ collection
· Data entry into software program and application
· Online data entry for mailing list.Online copying, pasting, editing, sorting, and indexing data into any format.

Offline Data entry:

In order to save overheads and concentrating more on the core activities organizations irrespective of their size are considering outsourcing of data entry to some reliable partner.
Aryan offshore solutions provide services for offline data entry also with excellent accuracy and speed, with its team of young and energetic team. We ensure best quality results for any size of project.
Our services include:

· Data collection from various sites
· Offline forms fillings

Our team of professionals key- in your data into a database program or word processor of your choice, to execute your project within the acceptable quality parameters.For any kind of off-line data entry please send us your response at business@aryanoffshoresolutions.com giving full details of your requirements.