
client quote:
“The fact that we had the
hands-on involvement of the partners of SourcePoint on a daily basis,
and their thought leadership and direction, added tremendous value.”
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SourcePoint Partners' news provides valuable
information on industry trends and company specific news stories
Company News
August, 2003:
SourcePoint client ACE-INA writes an outsourcing case study featured in
DMA Financial Services Newsletter DMA
Financial Services Newsletter published a case study by Mary Winston of
ACE-INA. The case study presents the challenges that the
organization was facing, how outsourcing was utilized as a strategic tool
and the role that SourcePoint played in helping ACE-INA through the
process. The full case study can be read at the DMA website by
clicking
here.
May, 2003:
SourcePoint Partners hosts "Outsourcing in the Insurance Industry"
executive workshop in Atlanta, GA
SourcePoint Partners hosted a one-day workshop on May 15th, 2003 for
insurance industry executives in Atlanta, GA. The workshop was aimed
at providing senior executives from the industry with a snapshot of
outsourcing trends, strategies and deal structures within the industry.
Speakers at the workshop included thought leaders from Lord, Bissel &
Brook, ACE Insurance, Cochran Caronia, Marsh and SourcePoint Partners.
For a summary of the key message from the workshop click here.
February, 2003:
SourcePoint Partners presents at the 5th Annual Insurance Technology
Symposium in Scottsdale, AZ Umesh Jain of SourcePoint Partners talks about the role of the contact
center in Outsourcing the New Business Function - from Application to
Policy Issuance. Through yet another phase in the business cycle,
outsourcing continues to be a viable option for companies looking for ways
to improve services and reduce costs. This panel will focus on outsourcing
the new business functions. Topics to be covered by the panel will
include: the role of the reinsurer in outsourcing the new business
functions, integrating the customer contact center (telephone and
online support) into the new business function, trends in the industry
relating to new business automation and selected contract topics to
integrate into the outsourcing contract.
Industry
Outsourcing News
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September 2003: ACS signs a $28 million
contract extension with Texas Health and Human Services Commission

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September 2003: CSC signs 7-year, $200
million outsourcing agreement with Ascension Health

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August 2003: Trumbull Services to provide
subrogation outsourcing services for Unitrin Direct

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July 2003: CSC to provide BPO services to Claredon
Insurance Group

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July 2003: ACS awarded new BPO
contract with Wellcare Health Plans Inc.

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June 2003: Vsource and TEAM America to
create a global BPO/HR Outsourcing company

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June 2003: ACS awarded extended BPO contract with Metlife

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June 2003: Gerber Life Insurance
Company (Canada) selects Genisystesm.ca to provide policy administration
services for it's Canadian operations

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June 2003: CIBC Insurance selects
Genisystems.ca services to provide policy administration services for
direct insurance marketing programs

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June 2003: BankOne to purchase Zurich
Life from Zurich Financial Services

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May 2003: Prudential Financial to sell
its National and New Jersey property and casualty business

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May 2003: Blue Cross Blue Shield of
Rhode Island selects Perot Systems to manage its technology and business
process operations

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May 2003: Danish insurer Tryg signs a
DKK500m outsourcing deal with CSC Denmark

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April 2003: John Hancock to conclude outsourcing
agreement with IBM

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April 2003: Golden Rule Insurance
Company over 1-million communications per month including checks,
explanation of benefits and letters to customers, to DST Output

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March 2003: The Guardian Life
Insurance Company selects Patni Computer systems for software services
outsourcing for new life and annuity products

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February 2003: Royal & SunAlliance
signs a 10-year, $450 Million Business Process Outsourcing deal with
Unisys

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January 2003: Prudential Financial
signs a 10-year $700 Million HR and some finance and accounting function
Business Process Outsourcing deal with Exhult

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