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This was the general conclusion derived from the research study done by KPMG regarding the said industry. The study entitled Frontiers in finance: For decision makers in financial services focused on this topic and also states that this service would rise from 2 billion dollars to 790 million dollars by the year 2010.
Here are the reasons attributed to the predicted growth:
-shrinking margins
-higher claims disbursement
-increasing competition
If this would be the future of Insurance Offshoring, India should take particular care regarding this industry and make sure that all issues regarding this would be resolved instantly.