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Event Q&A
Outsourcing Won't Save You Unless You Own It
At Vendor Europe, Erik Vynckier, Board Member, Foresters Friendly Society
revealed why aggressive outsourcing isn’t just a strategy – it’s survival. Drawing on
firsthand leadership experience, he shared how retaining control through internal
expertise allows a small insurer to compete with the largest players while meeting
tough regulatory and operational demands.
Aug 12, 2025
Erik Vynckier, Non-Executive Director; Chair, Investment Committee; Chair, Membership Committee, Foresters Friendly Society
Tags:
Regulation and Compliance
Vendor and Third Party Risk
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Outsourcing is a strategic necessity for SME insurers
- Responsibility for outsourced tasks is never delegated
- Internal experts oversee each outsourced domain
- Outsourcing enables efficiency and competitiveness
- Operational resilience planning includes vendor failure scenarios
- Regulatory compliance remains the firm’s sole responsibility
- Data protection is framed as ethical legitimacy, not just IT
- Third-party contracts and business continuity plans are rigorously maintained
- The Chief Risk Officer has direct escalation paths
- Governance and accountability are board-level priorities
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