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Insurance

The macroeconomic context of financial services has increasingly been constrained. The need to manage the financial crisis and the pursuit to balance the budget allied with the directives from European Union to codify and harmonise the insurance regulation and to reduce the risk of insolvency led companies mainly focus on comply with regulatory requirements and fulfil the financial ratios.

Pains & Trends

NEW MEDIA AND NEW WAYS OF CONTACT WITH CUSTOMERS

It is up to the insurance companies innovate and look for new ways to communicate and to approach the client, promoting change in this industry  - through the presence in various digital channels...

NEW TECHNOLOGIES AND NEW DISTRIBUTION CHANNELS

Solutions such as: pay-as-you-drive; insurance for specific periods of time - the time that customer will incur the risk; or the ability to create adequate insurance to new consumer habits - drone technology, hover boards, self-driving cars...

FRAUDS, CLAIMS AND LEGAL ASPECTS

Struggling to cope with new consumer trends - including the risk assessment difficulties and drawing an appropriate price - also exacerbated by the growing problem of fraud...

The aggressiveness of the market urgent the need to reinvent the products and services offered to the final client. Having in its portfolio a wide range of companies in the insurance sector, both traditional and direct type, WINNING Scientific Management developed diverse initiatives – market researches, focus groups, surveys, among others – to better comprehend the reality that insurance companies face nowadays.

Finding crucial the need to innovate in characteristically conservative sector, insurance companies have to find new ways to attract and to retain its customers, by developing different forms to approach them, create products adapted to their real needs or offering something they can’t find in the market. It is also important to be aware of the best practices being already being implemented in the market and the emergence of new technologies, wisely choose the investments that will return more value for the company without neglecting the regulatory requirements.

Download 

WINNING Market Report – Insurance

INSURANCE Infographic

WINNING Scientific Management can help you!

Having an extensive portfolio supported by rules, good practices and procedures from the begging of the value chain, WINNING can help your company defining the strategy to pursue, finding new ways to innovate in your business, evaluating in which initiatives to invest, defining the requirements needed to fulfil and implementing the final project.

We would love to hear from you. Challenge us!

Carlos Jerónimo
Insurance
Email: info@winning.pt
Tel: +351 218 963 030

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