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Audio July 1, 2025

Why Strategic Outsourcing Defines Competitiveness in Modern Insurance

Erik Vynckier, Chair, Foresters Friendly SocietyLinkedIn profile for Erik Vynckier

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.

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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 external partners.

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