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Insurance
Steria Mummert Consulting has been a valued partner of insurance businesses for many decades. As a result of this long-standing, close cooperation, our consultants have acquired the knowledge and experience which enables us to offer professional support and purposeful solutions to the current challenges in the industry.
Legislative reforms and higher requirements regarding equity capital as a result of Solvency II, as well as the changing demographic structure of the German population, are driving the insurance companies.
At the same time it is necessary that the managements tackle a number of internal challenges in addition to these external factors. Above all, key issues here are inadequate profitability, existing process inefficiencies, and compared with global competitors, too great an involvement in the value chain, plus the excessive number of cost generating IT projects.
The dynamics of change have increased. The speed at which companies must adapt to these changes will continue to increase. The era of "industrialization of the insurance economy" and the strategic adjustments within the companies are fully under way.
The focus on individual sectors, as well as on defined groups of customers and products, is being accompanied by new business models and co-operations. Process, service and marketing structures, as well as reimbursement systems are in part being the subject of radical change. Cost efficiency and revenue-oriented growth form the basis for all major decisions.
Legislative reforms and higher requirements regarding equity capital as a result of Solvency II, as well as the changing demographic structure of the German population, are driving the insurance companies.
At the same time it is necessary that the managements tackle a number of internal challenges in addition to these external factors. Above all, key issues here are inadequate profitability, existing process inefficiencies, and compared with global competitors, too great an involvement in the value chain, plus the excessive number of cost generating IT projects.
The dynamics of change have increased. The speed at which companies must adapt to these changes will continue to increase. The era of "industrialization of the insurance economy" and the strategic adjustments within the companies are fully under way.
The focus on individual sectors, as well as on defined groups of customers and products, is being accompanied by new business models and co-operations. Process, service and marketing structures, as well as reimbursement systems are in part being the subject of radical change. Cost efficiency and revenue-oriented growth form the basis for all major decisions.
The insurance specialists of Steria Mummert Consulting support the insurance industry in this field with comprehensive solutions – from the identification of strategic spheres of activity, process and service optimization through to planning and implementing efficient IT concepts.