Extending your product portfolio

Consultancy for product development, mobility concepts and connected insurance solutions

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Global Consulting supports to develop new products

In many industries, customers are becoming more and more used to an easy to use end-to-end service solution. Insurance companies need to develop propositions in order to meet those expectations and stay relevant to their clients. New products, product variants, new markets – novel product propositions like connected insurance products offer insurers a great deal of potential.

Why you should partner with us

Extensive experience in co-developing product propositions in all P&C lines of business – sold via offline and digital channels.
Design of customer-centric products by using different methodologies such as Design Thinking.
Planning the roadmap to launch and guiding you along the way to reach the best outcome.
Comprehensive list of partners that enable you to “go to market” quickly.

Want to learn more?

Contact us today

Reinsurance Property/Casualty

Pioneering the transformation of the insurance industry

Skyscrapers from below, connections lines, concept

Business Advisory

Business Advisory – Consulting of new business models and development of insurance platforms

Pricing Excellence

Personal lines solutions – Optimise your portfolio performance

Our offer includes, but is not limited to:

Connected insurance and telematics

The complete range of connected insurance, from the idea to the ready-to-go solution. Our partnership with one of the leading Telematics Services Providers means we can offer you preferred access to state-of-the art technology and superior scoring services.
Strategy Development: Using respective technology to support your overall business strategy, developing customer-centric insurance solutions that go beyond old telematics solutions.
Service Provider Selection: Finding the right technology provider to support this initiative.
Product Development: Building a compelling customer proposition to address target segment, supporting customers in improving their driving behavior.
Product Testing & Launch: Quality assurance of product for market readiness and preparation for launch.
Data Analytics & Monitoring: Monitoring the progress and utilizing all big data collected
Risk Modelling & Technical Price: Translating telematics data into a risk model, also to be equipped for more flexible, on-demand and personalized insurance products in the future

Mobility concepts

Together with Munich Re’s global expertise, you start the journey of progressing traditional motor insurance into mobility insurance.
Frequent monitoring of new technological developments in the automotive segment (e.g. advanced driver assistance systems, autonomous or electric vehicles) we help to understand new technologies in order to avoid inferior pricing and underwriting.
We support in developing new innovative insurance solutions or products (e.g. car and ridesharing platforms) that address the changes in mobility behavior and in utilizing mobility platforms as new potentials for revenue streams.

Product development

Whether you’re launching tried-and-tested products, new ones, or would like to tap in to new markets: we support you from the initial product ideation to its successful launch in the market.
Providing answers to the following questions and supporting you along the value chain: Am I offering the right products?, Am I reaching the target segment?, Which new products would suit my customers?, What will make my new products a success? And Is my product pricing structure accurate?
Our one-stop service with international expertise: conception, designing, testing, and launching. We develop your products and help to get them on the road – including with pricing and wordings.
Monitoring key performance and sales indicators as success factors.

SME Bundles

Developing digital SME bundled products tailor-made for various target groups.
Advancing from single risk to target group underwriting, focusing on client’s needs.
Combing Munich Re’s insurance suites and expertise to a full cycle digital SME offering.
High automation leading to high flexibility and low admin costs.
Enabling digital sales targeting different distribution channels.