Significant players in the insurance industry have increasingly been investigating outsourcing alternatives as a way to contain their costs and keep their energy and resources focused on their core skills and capabilities. In the highly competitive insurance industry, even a small price advantage can sometimes translate into greater market penetration, just as a reduction in an insurer’s expense ratio can generate greater profits. It is thus no surprise that a significant and growing number of business functions performed by insurance companies are being outsourced.
Mayer Brown assists clients with identifying and analyzing the key legal and business issues that must be addressed in deciding whether to outsource and in implementing any outsourcing decision. Our Technology Transactions practice has more than 50 lawyers throughout the Americas, Europe and Asia. We have achieved the highest ratings by legal ranking agencies such as Chambers and Legal 500, as well as by the International Association of Outsourcing Professionals (IAOP) and similar organizations.