outsourcing definition

outsourcing means an arrangement of any form between an insurance or reinsurance undertaking and a service provider, whether a supervised entity or not, by which that service provider performs a process, a service or an activity, whether directly or by sub-outsourcing, which would otherwise be performed by the insurance or reinsurance undertaking itself;
outsourcing means an arrangement of any form between the Company and a service provider by which that service provider performs a process, a service or an activity which would otherwise be undertaken by the Company itself.
outsourcing means an arrangement of any form between an investment firm and a service provider by which that service provider performs a process, a service or an activity which would otherwise be undertaken by the investment firm itself;

Examples of outsourcing in a sentence

  • NWSSPP Procurement Services, on behalf of the Health Boards in Wales are seeking to establish a renewed framework agreement for the provision of Insourcing / Outsourcing Clinical, Surgical and Diagnostic Procedures.

  • The Depositor consents that the Bank may from time to time outsource the handling of certain transactions and services hereunder to other branches or affiliates of the Bank or third parties to the extent permitted by the Regulations Governing Internal Operating Systems and Procedures for the Outsourcing of Financial Institution Operation as in effect from time to time.

  • Typical subcategory titles may include: • Temporary Staffing Services • Contingent Workforce Solutions • Contingent Labor Services • Contingent Labor • Consultants • Temporary Labor • Staff Augmentation • Recruitment Services • Project-Based Services or SOW Services • Direct Placement • Executive Search • Employer of Record or Payrolling • Recruitment Process Outsourcing * Indicate below if the listed types or classes of equipment, products, and services are offered within your proposal.

  • The tender will be split into the following Lots: Lot 1 Outsourcing.

  • Edit the section as needed to align with the Outsourcing of Key Internal Controls language in Attachment B, Special Terms and Conditions.) The State of Louisiana/[Agency Name] will require the Contractor and/or subcontractors, if performing a key internal control, to provide some form of assurances that internal controls over the process being administered by the Contractor for the user agency is operating properly.


More Definitions of outsourcing

outsourcing means an arrangement of any form between the Company and a service provider by which that service provider performs a process, a service or an activity which would otherwise be undertaken by the Company itself;
outsourcing means any arrangement of any form between an insurer and another person, whether that person is regulated or supervised under any law or not, in terms of which that party performs a function that is integral to the nature of the insurance business that an insurer provides, which would otherwise be performed by the insurer itself in conducting long-term insurance business, and includes rendering services under a binder agreement, but excludes rendering services as intermediary, and “outsourced” has a corresponding meaning;
outsourcing means the Company’s use of a third party (either an affiliated entity within a Company group or an entity that is external to the Company group) to perform activities on a continuing basis that would normally be undertaken by the Company itself, now or in the future;
outsourcing. ’ means an outsourcing arrangement as defined in section 1 of the Financial Sector Regulation Act;
outsourcing means an arrangement of any form between a short- term insurer and another person, whether that person is supervised under any law or not, in terms of which that person performs a function or activity related to any aspect of the short-term insurance business of the
outsourcing means to procure goods or services under contract with an outside supplier.