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Effective Outsourcing Strategies
for the Insurance Industry

Reducing cost base whilst improving customer service

9am-1pm | February 25th 2009 | Chesterfield Mayfair Hotel, London

Home | Agenda | Venue Details | Register Online


* in pdf format*

09.00 Chairs introduction
Mark Stephen
Partner Insurance
PricewaterhouseCoopers

Session one: Outsourcing Options and Approaches
This session sets the foundations for the morning by exploring the main outsourcing options from practitioners currently managing projects to enable benchmarking and the sharing of experiences during the round tables discussions which follow.

09.15 Key Elements of a Successful Outsourcing Project
  • Where do start? Understanding the process of an outsourcing project
  • What is the business case?
  • Infrastructure and operational challenges & common pitfalls that you will encounter
  • What can be learnt from previous experiences of outsourcing?
Alan Millard
Chief Operating Officer
Hiscox

09.35 CASE STUDY: The Practicalities of Business Process Outsourcing
  • It starts with the business strategy and senior management buy in
  • Choosing the right partner that fits the business objectives
  • Evaluating the risks verses returns – it's more than just cutting costs
  • What will it mean for your reputation, regulatory compliance and your customers?
  • The challenge of rolling out and staying committed to the project
Steve Frame
Operations Director
Cooper Gay & Company


09.55 Round Table Discussions
  • What areas of the business would you consider outsourcing?
  • What do you consider to be the biggest operational hurdle in getting the outsourcing project right?

10.20 Feedback and further discussion facilitated by the Chair
The chairperson will ask each table to share their conclusions, comparing and contrasting any differing views and summarising them into 5 areas of best practice.

10.40 Refreshment break



Session Two: Developing an Effective Outsourcing Strategy
Introduced by Mark Stephen from PwC, this session will provide you with a mini toolkit to assess the effectiveness of a proposed outsourcing strategy. Through individual exercises and group benchmarking discussions you will explore best practice techniques which can be used on return to the office.

11.00 Mini Toolkit
Effective outsourcing strategies that increase profitability and maintain good service

  • Building a framework to devise and implement an effective strategy
  • Benchmark your approach with your peers
  • Discuss ways in which it can be improved
  • Listen to the findings and learnings from the other tables
  • Establish 5 areas of best practice
Mark Stephen
Partner Insurance
PricewaterhouseCoopers


11.20 Round table group workshop

Working in groups, delegates will have the opportunity to apply the key elements of the mini toolkit to their own organistions whilst benchmarking approaches with their peers.

11.40 Workshop feedback and further discussion facilitated by the Chair
After asking each table to share their conclusions, the chair will compile their views and summarise them into areas of best practice to add to those from the first discussion session.
12.00 CASE STUDY: When is the Right Time to Outsource?
  • Assessing the right time to outsource
  • Outsourcing IT operations – design, development and testing
  • Lessons learned from this project
Marion Madden
Group Chief Operating Officer
Kiln


12.20 Applying the Areas of Best Practice
Individually you will take the 5 minutes to consider the applicability to your business of the areas of best practice from sessions 1 and 2. You’ll then have the opportunity to discuss which best practice techniques will (and won’t) work in your organisation.

13.00 Lunch and refreshments


Book today for only £299 + VAT - Click here to register online

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