Industry Challenges
Although the worst days of the global financial crisis appear to be behind us, the speed of recovery is likely to vary widely across industries and regions. Many insurers have weathered the storm in admirable shape, while others continue to struggle.
Most insurers, regardless of how they fared during the crisis, will be forced to confront far-reaching challenges going forward if they hope to return to the highest levels of performance. These are the key issues they face in a new global environment:
How to capture growth in a two-speed global economy
How to adapt business models to structural shifts in the industry (low-interest-rate environment, Solvency II, aging populations)
How to create competitive advantage through execution excellence in distribution, claims, pricing, and closed books
How to leverage global scale in a “multi-local” industry
How to build the capabilities necessary to win
BCG Competencies
By analyzing the dynamics of the insurance industry and foreseeing its future landscape, BCG’s Insurance practice creates solutions that ensure high value creation and further growth for clients. We also call upon our wealth of industry knowledge and experience, allowing us to tailor our solutions to each client’s specific needs:
Our expertise extends to every business line of the insurance industry and every link on the value chain across all regions.
We leverage a strong global platform to share best practices and trends via topic specialists and regional leaders.
Our local experts provide insight into specific, individual markets.
BCG’s Insurance practice features more than 150 experts on five continents, backed by a global knowledge team developed over many years.