Standard Life Healthcare is to expand its Indian offshore operation by 50 seats and phase out up to 15 management positions.
The measures, together with improving IT capacity, are designed to cut costs by 11.6% by the end of 2006.
The 50 extra seats will increase the insurer's offshore capacity in India to 120, mostly in administration and IT roles.
A spokesman for Standard Life Healthcare explained that the offshoring would not result in redundancies in the UK, while the majority of the 15 management positions to go would be through natural wastage. Staff who deal directly with customers would remain in the UK, with back office functions moving offshore, the spokesman said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
