Davide Corradi
Managing Director & Senior Partner
Milan
Davide Corradi is a core member of The Boston Consulting Group's Insurance practice and a member of the firm's Strategy, Corporate Development, and Financial Institutions practices. He leads BCG’s Insurance practice in Central Europe, Eastern Europe, Middle East, and Africa (CEMA) and is a member of the practice’s global leadership team.
Since joining BCG in 1999, Davide has been exposed to a wide array of industries characterized by different competitive dynamics. He has worked in Europe, the Americas, and Asia.
In the past decade, he has advised the top insurance players in Europe and Italy—including industry regulators and associations—on how to evolve and reinforce competitive advantage in light of the profound changes reshaping the industry globally.
Davide has a true passion for the insurance sector and is a firm believer that insurance will play a decisive future societal role driven by strengthened innovation, customer-centric culture, and new risk- and investment-management capabilities.
Before joining BCG, Davide worked for the Italian power and utility company Enel.
To reignite growth and boost returns, insurers need to fundamentally rethink their business and operating models.
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.
It takes hard work—and a transformational mindset—to grow in the mature and competitive insurance marketplace.
Half of all insurance transactions fail to create value. Companies can tip the scales with rigorous strategy and target analysis, strong deal execution, and effective post-merger integration.
Telematics—the wireless technology that delivers safety services, route information, and entertainment to motor vehicles—presents auto insurers with a significant opportunity to create value.
This paper is the result of a collaborative effort between the Boston Consulting Group and AXA Investment Managers and combines the diverse experience of both organizations along with the 28 organizations interviewed.
