Source: Insurance Age | 14 Jan 2016
Tags: NIG | Underwriting
Jobs will be lost at the insurer’s underwriting centres in offshoring move.
NIG will reduce staff numbers by 71 across its Bristol and Manchester underwriting centres in a bid to cut costs and move non-voice processes to India.
It announced 40 roles will be affected in Bristol where staff numbers will reduce from 75 to 35.
The insurer will also scale back the number of roles in Manchester from 60 down to 29.
NIG said it is also proposing to restructrure its e-trade centre in Peterborough and the underwriting centre management team although there will be no redundancies there.
It has launched a consultation process that will last for a minimum of 45 days before any redundancies are made.
Jon Greenwood, managing director of commercial, commented: “Like any prudent business we continue to explore all the options available to manage our costs more effectively.
“To this end, in NIG we are off-shoring some of our non-voice processes to India from the Manchester and Bristol Underwriting Centres, reducing the size of both UK teams.”
“We have begun a collective consultation process. Voluntary redundancy will be offered to all those in underwriting roles and we will also work with employees to identify any redeployment opportunities