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Business Advisory
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Business Advisory

Consulting of new business models and development of insurance platforms

Global Consulting goes beyond traditional reinsurance activity

Our aim is to consult insurance companies and those interested in entering the business on new and emerging subjects in their respective fields, define ways to improve their existing business as well as identify value adding supplements to their current insurance portfolios. We act as an experienced sparring partner for many strategic decisions to be made in an insurance operation.

The pace of digitalisation in the insurance industry has tremendously accelerated thanks to the production and availability of data and the increasing power of artificial intelligence. The broad use of technology in a customer’s life has become the new standard. 

For insurance companies to compete in this digital era means to re-think the legacy business model and adopt a platform or ecosystem view. We support you in building strategies that put the user at the center of everything you do, unbundle your services and connect data across all your services. 

Want to learn more?

Our offer includes but is not limited to:

  • New class of business, new market entry, transforming existing business, technical due diligence, portfolio assessment.
  • Technical, actuarial and legal know-how in all non-life classes of business.
  • Market know-how and expertise, including in-depth analysis of advantages and disadvantages of specific insurance markets.
  • Local underwriting support from Munich Re specialists including specific guidelines and rules.
  • Business plan and set-up support, including strategy refinement (profit- and loss drivers).
  • Support with M&A activities, including due diligences and portfolios assessments.
  • International benchmarking services
  • Co-development and execution of tailor-made strategies that increase profitability and efficiency.
  • Support of start-ups from scratch, advising along the insurance value chain.
  • Development of digital business models and multi-country platforms, including business technologies and architecture.
  • Leveraging technological advancements such as artificial intelligence, big data and analytics to reduce costs, to increase efficiency, and to improve customer experience.
  • Ecosystem of trusted partners to support digital processes and solutions.
  • Support in selecting and onboarding of suitable technology partners.
  • Business technologies such as pricing engines, policy admin systems, telematics solutions, claims process automation, fraud services and others.
  • Agency steering and broker management, including alignment of strategies and KPIs.
  • Improvement of customer loyalty, conversion rate optimization and gaining competitive advantage from advanced analytics.
  • Smart customer journey and enhanced customer experience.
  • Mapping out and development of digital sales channels.
  • Integration with existing partners (banks, retailers, etc.) and establishing the right remuneration schemes.
  • Identify flaws in the customer experience and re-designing the processes to eliminate those pitfalls.
  • Reduce complexity, standardize business processes, eliminate redundant activities and improve operational efficiency all resulting in an increased competitive advantage.

Would you like to know more?
Get in touch with our experts right away

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Contact our experts
Joachim Mathe
Joachim Mathe
Managing Director / Head of Global Consulting
Massimo Cavadini
Massimo Cavadini
Senior Executive Partner
Global Leader of Insurance Solutions