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Why Strategic Outsourcing Defines Competitiveness in Modern Insurance
This episode explores how a mid-sized insurer leverages strategic outsourcing across IT, compliance, and investments to stay competitive and compliant in a high-stakes industry, emphasizing that responsibility always remains in-house.
Jul 01, 2025
Erik Vynckier, Non-Executive Director; Chair, Investment Committee; Chair, Membership Committee, Foresters Friendly Society
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Vendor and Third Party Risk
Insurance
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This episode of Risk Leaders Connect provides a detailed account of how an SME insurer leverages aggressive, strategic outsourcing to maintain competitiveness against industry giants. Erik Vyckier illustrates how outsourcing key functions from IT and actuarial analysis to compliance and internal audit can yield substantial cost and scale advantages. However, the episode emphasizes that success depends on a strong internal team that supervises, challenges, and ensures delivery excellence from e
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