Demand Supply Analysis: Category Managers’ Guide To Procuring Effective Insurance Services

Procurement managers have always been cautious when it comes to the volatility in the insurance market. While improvements in regulatory measures, product innovations, and a decrease in premium costs have helped buyers – increase in inflation rates, the emergence of P2P (peer to peer) operating model and low adoption of technology have kept the suppliers on their toes. Category managers are aggressively looking for the best procurement practices that will help them gain better control over the service providers, irrespective of the prevalent market condition.