Despite the benefits we see for many, few Insurers have fully outsourced their IT applications development and maintenance (ADM) functions with success. In many cases a handful of prior experiments had convinced them that the risks were not worth taking.
In Oliver Wyman’s new report, Is Full Applications Outsourcing Back on the Table in Financial Services? Implications for the Insurance Sector, we aim to debunk the conventional thinking around full ADM outsourcing and propose a systematic approach to assessing the potential benefits and associated risks.
