ATLANTA--The practice of both outsourcing and offshoring has been rapidly rising and will therefore have a huge impact on the business world for years to come, according to a new report available from LOMA, entitled "Outsourcing and Offshoring: Challenges and Opportunities for Insurance Companies."

"With vast disparities in global wages, an opportunity is created for labor arbitrage, the transfer of work from a high-wage to a low-wage country," said report author Jean C. Gora, manager of research at LOMA.

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