CII forecasts trouble for insurance overseas outsourcing

The CII thinkpiece, Outsourcing: Continued prosperity despite the global economic crisis? says the current recession has slowed the growth of the offshoring sector. Financial pressure to cut costs, which will include cutting new offshore investment projects, will contribute to the fall back of growth. The CII research also says sensitivity in political circles to avoid moving jobs offshore, the reduction of non-essential outsourcing activities, plus the creation of more home-based or near-shore outsourcing alternatives will play a part. "Offshoring providers have been a major benef...