Increased regulation, weakening premium rates and the race to exploit emerging market opportunities have created challenging conditions for the insurance industry.  Participants are under pressure to balance cost discipline with product innovation and the development of effective distribution channels.

In particular, regulation requires insurers to make their operating models more robust, improve governance and implement best-of-class management information and reporting procedures.

As new companies gain market share, more traditional companies have responded by consolidating insurance platforms to create competitive advantage.  At the same time, the trend towards greater cross-border competition continues as heavyweight firms seek to drive growth through international acquisition and emerging market penetration.

Baringa works in partnership with its insurance clients to consolidate and grow their place in the market, through its in-depth insurance industry knowledge and delivery capabilities.  Our services include:

• Business process definition, design and methodology optimisation
• Specialist software implementation and consolidation
• Regulatory programme management and implementation
• Specialist insurance programme management and delivery expertise
• Organisational design