Insurance
European insurers face three major challenges:
- A regulatory challenge:
- Show risk at its actual price to meet new capital allocation regulations
- Finance the level of financial security required by legislation to limit their exposure to market hazards and reinforce risk coverage
- A competitive challenge:
- Manage their excess capacity to deal with exacerbated pricing competition
- Manage their excess capacity to deal with exacerbated pricing competition
- A growth challenge:
- Find levers of growth through sales performance and the development of client loyalty
EUROGROUP CONSULTING works with insurance players:
- Reviewing their product mix within the framework of the new legislative requirements regarding capital allocation
- Assisting smaller players (like MSI, provident institutions and mutual insurance companies) with mergers and partnerships, as they seek critical mass suited to a better level of financial security
- Rationalising management costs
- Improving sales performance
Of the forty-odd missions conducted each year by EUROGROUP CONSULTING in the insurance sector, we have:
- Improved the sales performance of a provident institution
- Created and implemented an insurance group’s internet subsidiary
- Merged inter-professional mutual insurance companies
- Shared production resources
- Regrouped civil servants’ mutual insurance companies
- Restructuring
- Redefined a major insurer’s brand position
- Reorganised a banking group’s insurance holding