X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The do’s & don’ts of partner sourcing To reach an informed partner sourcing decision, you must first understand the true, internal cost of providing the service yourself. (Photo: Gorodenkoff/Adobe Stock)

Partner sourcing can be a powerful tool for insurance carriers looking to drive cost and operating efficiencies. Potential benefits include reducing risk by leveraging specialist expertise as well as enhancing profitability during surge periods by adding team members where and when they are needed.

But keep in mind, no two businesses are alike, so unlocking the full value of partner sourcing calls for creating a unique relationship that respects the needs of both businesses involved. And it’s important to recognize that taking a “one-size-fits-all” approach generally leads to a “one-size-fits-none” outcome.

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.