Keywords: Insurance business model redesign, multichannel, future operating models, Make or buy, Insurtech.
Reason: the insurer is one of Europe's largest insurers, active in a sector under great influence of digital disruption. The transformation is driven by changes in customer expectations and dominant digitization. The front end doesn’t meet future requirements, for both the direct and intermediary channel.
Facts: major European insurer that offers insurance and retirement solutions to private individuals and companies.
Approach: We guided the customer by evaluating the requirements for the new front end solution and added new insights & alternatives. We evaluated both the current digital environment and the cooperation with possible external partners. With our 9 hours formula, we organised an intensive interactive workshop in order to evaluate business & technology requirements regarding functionality, architecture, social media and potential suppliers. The advice was presented to, -and adopted by the business information management team.