Client Impacts

Drove Product Differentiation to Realize 10% Margin Improvement for Global Reinsurer

Capabilities
Insurance

Challenge

A global reinsurance company was facing difficulty utilizing data analyses to effectively create differentiation in its core products.

The company wanted to create new products based on rich data history and additional external data to drive margin improvement.

Approach

  • Developed a method to identify inefficiencies in data analysis and client engagement gaps
  • Identified differentiators that can be augmented by automation, process improvement, digitization
  • Analyzed current technology stack and strategic architecture to define a best fit future state
  • Conducted internal and external research to identify best practices that can be leveraged to produce disruptive new products based on existing data assets

Results

I.

Accumulated $200M in overall revenue increase after adjustments in product line and new product development

II.

Drove 10% margin improvement in core CAT product and 4 innovation pipeline projects in first 6 months

III.

Designed a 3-5 year vision for improvement and disruption, with focus on quick wins and time to value

Share

[shared_counts]

Related Services

Experts

Related Case Studies

23
%
margin increase
Healthcare
Drove Operational Improvements to Yield 23% Increase in Margin for Healthcare Tech Company
A healthcare tech company sought to improve contribution margin by re-engineering its operating strategy and optimizing staffing and productivity.
Please select Loop Item Template.
Insurance
PMO Delivered Platform Driving 15% Annual Savings for Reinsurer
A top reinsurance company needed help to integrate disparate internal stakeholder groups to achieve a key migration program's deliverables and timelines.
Please select Loop Item Template.
Healthcare
Leveraged Analytics to Drive 16% Increase in Contribution Margin for Medicare/Medicaid Provider
A provider of dual Medicare/Medicaid eligibility services sought to optimize outreach and enrollment processes to profitably maximize revenue yield.
Please select Loop Item Template.