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Targeting P&C BPO in the Automotive Sector

Market Analysis

by NelsonHall Analyst

published on Oct 22, 2014

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Report Overview:

NelsonHall's market analysis of property and casualty outsourcing in the automotive sector consists of 67 pages.

Who is this Report for:

NelsonHall's "Targeting P&C BPO in the Automotive Sector" report is a comprehensive market assessment report designed for:

  • Sourcing managers investigating sourcing developments within the automotive sector of property and casualty outsourcing
  • Vendor marketing, sales and business managers developing strategies to target BPO service opportunities within the automotive sector of property and casualty insurance
  • Financial analysts and investors specializing in the IT services and BPO sector, including property and casualty in the automotive sector.

Scope of this Report:

The report analyzes the worldwide market for property and casualty outsourcing (P&C BPO) in the automotive sector and addresses the following questions:

  • What is the market size and projected growth for the global automotive insurance BPO market by geography?
  • What is the profile of activity in the global automotive insurance BPO market by industry sector?
  • What are the top drivers for adoption of automotive insurance BPO?
  • What are the benefits currently achieved by users of automotive insurance BPO?
  • What factors are inhibiting user adoption of automotive insurance BPO?
  • What pricing mechanisms are typically used within automotive insurance BPO and how is this changing?
  • Who are the leading automotive insurance BPO vendors globally and by geography?
  • What combination of services is typically provided within automotive insurance BPO contracts and what new services are being added?
  • What is the current pattern of delivery location used for automotive insurance BPO services and how is this changing?
  • Which services are delivered from onshore and which from offshore?
  • What are the challenges and success factors within automotive insurance BPO?


Key Findings & Highlights:

NelsonHall has segmented the drivers behind auto P&C BPO into four areas:

  • The need to reduce customer churn
  • Customer administration
  • Claims transformation
  • Upping the underwriter.

The majority of providers are not auto-focused and therefore provide wider P&C BPO services applicable to auto, e.g. policy admin. Providers with a defined auto strategy go beyond this to include offerings in support of VRNs and auto-specific analytics, e.g. telematics.

Growth across all segments will be driven by the requirement of P&C insurers to:

  • Reduce cost: while ensuring service level is not impacted
  • Strengthen and deepen customer engagements: including demonstrating the ability to enter and exit new lines quickly and offer online purchasing
  • Improve claims skills: sometimes not possible in-house, forcing acquisition of specialist providers.

Within P&C BPO, fewer than 50% of vendors have an auto specific strategy; most providers tend not to separate auto from other lines. Auto P&C BPO has seven service areas, with claims management and policy admin making up the bulk of activity in 2014.

Around 40% of auto P&C BPO providers have acquired to build capability; others plan to invest the same way in the next five years, in particular in support of analytics, where key capabilities for auto P&C BPO include subrogation services and, increasingly, telematics.

Strong themes going into 2015 will be around predictive analytics, automation and digital transformation; investment in these areas is on the agendas of auto insurers and auto P&C BPO providers alike.

The U.S., U.K. and Continental Europe are the main target geographies for auto insurance BPO, but unlike wider P&C, APAC overtakes LATAM in terms of future vendor interest for auto P&C BPO.

Critical success factors include the ability to reduce cost, increase efficiency and identify areas of risk, across the whole auto process.

Table of contents:

Table of contents:

  • Introduction
  • Changing Shape of the Auto P&C BPO Market
  • Customer Requirements
  • Market Size and Growth
  • Vendor Market Shares
  • Vendor Offerings And Targeting
  • Vendor Delivery
  • Critical Success Factors
  • Appendix I – Vendors Researched

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