Setting insurers on track for long-term growth

PA Consulting Group’s insurance team works as a delivery partner to major non-life and life clients to help them realise and seize opportunities arising from these tough economic times. We help our clients to find solutions to a range of challenges, from cost reduction to consolidation. In addition, our experience in risk helps our clients adapt to the new business environment.

Exploiting years of experience with leading insurers, we create expert teams to enable clients to understand the challenges they face, define their strategic response,- and drive changes that deliver tangle results.

Cost reduction

We apply new and innovative tools and techniques and bring years of experience, with firms such as Axa, Allianz, AIG and Aviva to combine cost reduction with delivering long-term value.

Regulatory compliance

The regulatory environment will become increasingly challenging for the sector as directives such as Solvency II take shape. We provide a clear focus on the impact of new regulations and provide a pragmatic and practical approach for implementation.

Growth strategy

With continued consolidation in the industry we help clients understand and capitalise on opportunities for growth, from market scoping and forecasting to developing target operating models and implementation plans.  Our recent work with Aviva Healthcare, for example, has helped set them on track to double the size of their business to £1 billion by 2011.

Consolidation

Our consultants bring broad experience of post-merger integration to insurance, establishing and driving post-merger integration programmes including back-office reorganisation, shared service development, outsourcing evaluation and support.

Risk management

PA works with clients to assess their market, credit and operational risk, and to develop strategies to mitigate identified risks. In commercial insurance, this is increasingly  important as larger corporations, their brokers and insurers evaluate alternative risk mitigation options in addition to traditional insurance coverage.

Visit our financial services page to find out the breadth of PA's expertise in the sector.

To find out more about our experience and thinking in insurance please contact us now.