Insurance consulting - Bain & Company

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Industry

Insurance

Amid a digital revolution, insurance companies need to focus on agility and customer-centricity. Bain helps insurers develop and execute strategies that increase profitability and efficiency, leverage digital capabilities, improve customer loyalty and gain competitive advantage from advanced analytics.

Insights

What We Do

Our insurance consulting experts work with leading insurance companies, including property and casualty insurers, life insurers, health insurers and reinsurers to develop practical solutions to their most pressing strategic challenges.

We offer a wide range of expertise to help our clients adapt to a changing insurance market and boost their businesses in the short-term while positioning themselves for long-term success:

  • Strategy: We develop and refine corporate and growth strategies that reflect the latest market dynamics, including the changing regulatory environment.
  • Customer Strategy: We work with our clients to develop insights and strategies to nurture customer relationships and earn customer loyalty that fuels growth and lowers costs.
  • Advanced Analytics: We develop analytics strategies that help insurance companies mine data for insights and enable decision making.
  • Organization: We help insurance companies build winning operating models and ensure their organizations are set up to succeed.
  • Performance Improvement and Operations: Our experts help companies increase efficiency and lower costs to quickly achieve and sustain full potential.
  • Technology strategy: We work with companies to increase the agility of their information technology and digital assets to better meet customer expectations.
  • Compliance: We support insurance compliance and risk officers and their teams in satisfying the demands of more complex regulations while also helping their companies grow their top and bottom lines.

We also provide insurance companies with critical support during due diligence and merger integration through our in-depth expertise in mergers and acquisitions and private equity.

In addition to working in tandem with our clients to develop recommendations and solutions to their challenges, Bain’s unique approach to change management, called Results Delivery®, is embedded in every Bain engagement and ensures that our clients can successfully implement recommendations by predicting, measuring and managing risk.

Our Team

Our Perspective

Influenced by technological advances, evolving consumer preferences and increasingly competitive market conditions, today’s leading insurance companies must factor new considerations into their operations:

While we are mindful of these conditions, we also work with insurers in every region to develop and execute strategies that make them more nimble competitors. Our work is informed both by our expertise and our active research on the latest market trends and conditions.

Client Results

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We help global leaders with their organization's most critical issues and opportunities. Together, we create enduring change and results