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In a prominent German composite insurance company, there was a critical juncture in an innovation project. Failure to achieve these goals would have resulted in the absence of a viable solution and substantial sunk costs.
Industries
Insurance
Creating trust and providing security.
Secure from the unseen financial harms in a rapidly-changing world today? Tough choices make great opportunities. The world is rapidly advancing and economies are undergoing a rapid shift. While these open up opportunities, there are risks that come at play.
Financial service providers make no exception in facing major challenges – ranging from changes in regulations and technological advancements, to increasing competition and shifting customer expectations.
The rise of digital technology is disrupting traditional financial services, leading to new competitors entering the market and changing the way customers interact with financial service providers. This becomes a challenge as it forces the providers to adapt and find new ways to remain competitive.
Changes in regulations and increasing scrutiny from regulatory bodies are adding complexity and cost to financial services, and making it more challenging for financial service providers to offer the products and services their customers want.
Customer expectations are changing, with consumers demanding more personalized, convenient, and affordable financial products and services. This is putting pressure on financial service providers to meet these expectations while still maintaining profitability.
LKPU mitigates these challenges together with its network of leading financial institutions to support you in the following areas: Composite Insurance, Assistance, Service provider, Cooperation partner of insurance companies (real estate, automotive etc.), Specialized support for fast results
In order to meet the challenges and to identify and seize opportunities, LKPU uses cross-industry experience, methods and know-how. LKPU is highly-experienced in the financial services industry, and can support you with the following:
- Innovation projects
- Product development and additional services
- Reorganisation and organisational development
- Optimization projects
- Claims area
- Service Provider Management
- Cooperation and growth projects
Experience
50% of Top 10 German insurances have worked with us
How We Can Help
Composite Insurance
Improve composite insurance offerings for insurance companies by developing tailored strategies for growth and profitability.
Assistance
We provide tailored consulting services including Strategy Development, Digital Transformation, and Interim Management at C-Level.
Vendor Management
We help clients manage vendors effectively, improving quality and cost-effectiveness, through contract negotiation, performance measurement, and analysis.
Growth projects, cost control, innovation.
We help clients establish valuable partnerships for growth, claims cost management, and new products or services.
Project Rescue
Revitalizing projects in dire situations with the right team and immediate action to improve performance.
Organizational Excellence
Optimize your organizational structure and processes with our Organizational Excellence service for improved performance and competitive advantage.
Pre/De/Merger
Our Pre/De/Merger service helps clients prioritize stakeholders and achieve successful integration through structured decision-making and management.
Program & Project Management
We guide clients in managing complex programs and projects with planning, risk management, and progress monitoring.
Ready
to talk ?
We work with ambitious leaders who want to define the future, not hide from it. Together, we achieve extraordinary outcomes.