In a difficult environment from both economical and regulatory standpoints, the insurance market resists. However, competition between players is increasing and the market now also faces the arrival of newcomers from various fields (retail, media, Internet, etc.). As a result, the profession fosters portfolio profitability and market shares acquisition through different strategic areas, such as:
- Expense ratio optimization (e.g. promoting operational excellence or digitalization);
- Product offering transformation (e.g. creating customer-oriented products);
- Distribution channel adaptation (e.g. making the most out of cross canal customer journeys);
- Innovation (e.g. fostering customer retention through product differentiation);
As a result, if most transformations over the past decade have been driven by supervisory issues, the insurance market now simultaneously faces transformation challenges on different strategic axis. Sia Partners assists its clients to cope with these challenges, in both priorities definition and recommendation implementation.
Thanks to Sia Partners’ international footprint our Insurance practice is an a global watch and can provide assistance wherever insurers need it (New York, London, Hong Kong, Singapore, Brussels, Milan, Rome, Paris, etc.) and our integrated model allows several teams from different countries to work together on the same project for our international clients.
Sia Partners has developed strong competencies in P&C, Life & Savings and Sia Partners is able to accompany most directions of an insurance company as it has been recognized as a leading consulting company for the chief risk officer, chief financial officer, chief marketing officer, chief digital officer, chief technical officer and the human resources department.
