Regulations in the insurance industry are changing the role of the board of directors and the risk-management function. Risk has to be managed at the business level, says BCG's Matteo Coppola. Risk-management winners will be those that deal with regulations by embedding risk in the early stages of strategy and planning.

Matteo Coppola is a member of Boston Consulting Group's Financial Services and Insurance practices. He is responsible for the risk topic in Italy, Greece, and Turkey.

Matteo has significant experience leading transformation programs at banks and insurers, with an emphasis on credit and risk.

Prior to joining BCG, Matteo worked for HSBC North America.

AREAS OF EXPERTISE

EDUCATION

  • MBA, second-year honors, Harvard Business School
  • BSc, cum laude, mechanical engineering, Polytechnic University of Milan

Publications and Videos

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Global Risk 2021: Building a Stronger, Healthier Bank

Banks that fortify their core will emerge from the pandemic fitter and with the financial muscle to be a bulwark for customers and the broader community.
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Ripensare il ruolo del CFO nel tempo e nello spazio: la trasformazione digitale

Digitale, “agile” e realmente business partner dell’azienda. Sono queste le caratteristiche della funzione Finance del futuro, che i CFO sono chiamati a costruire oggi, trasformando con essa il proprio ruolo.
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Global Risk 2020: It’s Time for Banks to Self-Disrupt

Risk, treasury, and compliance can help banks return to profitability. But success will require digitizing beyond the edges and redesigning core processes.
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Global Risk 2019: Creating a More Digital, Resilient Bank

Outside forces may have dictated the path in the period following the recession period, but today’s banks have an opportunity to lead the way. Those with foresight will recognize that the road to resilience starts with digitization.
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How Insurers Can Build Value by Transforming Capital Management

In the past few years, the cost of capital for insurers has climbed far faster than it has for other industries. (See Exhibit 1.) As a consequence, capital has to be managed more efficiently in order to deliver higher returns.
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Global Risk 2018: Future-Proofing the Bank Risk Agenda

The global banking recovery has stalled, as competition, disruption, and tougher regulation hurt profits. Banks should transform risk management to directly support business growth.
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Fortifying Insurers’ Defenses in an era of Cyber Risk

Managing cyberrisk is becoming crucial for large corporations worldwide, particularly so for those in the insurance industry. Insurers must treat cyberrisk in much the same way that they treat traditional insurance risk—by defining the level of exposure they are comfortable with and prioritizing investments accordingly.
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Elevating Compliance Risk Management in Insurance

New business models and strategic imperatives require insurers to develop a more robust compliance function and manage compliance risks more actively.
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Global Risk 2013–2014: Breaching the Next Banking Barrier

BCG’s Global Risk report assesses the burden imposed on banks by unrelenting waves of financial regulations, which constitute a new barrier that banks must breach to remain competitive.
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