Product development optimisation
- Decrease of “time to market”, cost optimisation and focus on real product development issues: market opportunities, changing market needs and sales objectives
Assisting with the design, pricing, and launching of new products
- Utilisation of knowledge of internationally experienced consultants (unique experience from different insurance markets and insurance companies) and ability to develop more products in the same time or a new product quicker
- UL, MTPL, Variable annuities, etc.
Product benchmarks
- Identification of the gap (your company vs the market) and definition of necessary steps to stay competitive
Product innovations
- Opportunity to utilise the best product innovations launched in other insurance markets
Calculations of pension and other benefits
- Valuation and review of company employee benefits according to various accounting rules
Social security modelling and actuarial issues
- Helps governments reshape pension systems and draw up pension reforms, assists pension funds in managing their business, responding to changes in pension legislation, designing their market strategy to maximise value for shareholders
Distribution and strategy
- Assistance of experts in the case of business challenges like stagnating sales, falling market share, entry into new markets or establishing a new distribution channel
Pricing and price elasticity
- The key success factor of the retail general insurance business is to find the right segmentation of possible clientele
Profit test
- Input for strategic product management through analysis of the main factors behind the profitability of products