Financial services /

Insurance

"I was delighted with the support Baringa Partners gave us. They combined deep subject matter expertise, complemented my team well and delivered above my expectations."

Insurance Pricing & Underwriting Director

Insurance

We work on many of the most innovative and transformational initiatives in the insurance sector, helping clients think about, prepare and deliver for the future.

We help clients reap material benefits for their customers, employees and shareholders by applying deep industry insight and delivery experience.

FIND OUT ABOUT OUR WORK

Helping a large insurer strengthen operational resilience to meet regulatory demands

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) recently introduced strict rules on operational resilience. One particular large general insurer approached us to interpret the rules, turn them into practical business requirements and implement the changes – all within constrained resources. The company had to overcome these challenges and comply by the deadline, or risk facing action by the regulators.

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And then there was one: helping two insurance firms join forces

How do two major insurers navigate the choppy waters of a merger and come out stronger the other side?

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Cutting a global insurer’s supplier onboarding time by 50%

What motivates stakeholders to fix a complex process that they’ve tried to fix before?

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KEEP ONE STEP AHEAD

Sharing our thinking with you

REPORT

Baringa Partners’ Biennial London Market Survey

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OUR THINKING

Evolve or die: three areas of focus for Lloyd's and the London Market post-Covid

Covid-19: How insurers and lenders manage the conduct risk tightrope

Daniel Golding

Partner, expert in risk management and data privacy

OUR THINKING

Covid-19: An opportunity for insurers to turn a grudge purchase into a truly valuable customer proposition?

OUR THINKING

Covid-19: Insurance Product Governance and Value for Money

Paul Wildman

Partner | Financial services | London

Katharine Williams

Partner, expert in pensions & insurance, and asset & wealth management

Andrew White

Expert in Climate Strategy, Australia

Focus on your sector

Driving and responding to industry consolidation

Our industry remains fragmented with huge opportunity for consolidation to; increase market share, deliver economies of scale, enhance value and rationalise structures. Whatever the driver, we help clients deliver the maximum value from their business, ensuring OD structures, processes and IT solutions are established and culture is maintained.

Responding to on-going cost and capital constraints

Economic pressure, geopolitical instability, soft rates and fierce competition are forcing insurers to aspire to the next generation of cost optimisation to generate competitive advantage. Our experience, industry focus and proprietary techniques help unlock cost trapped in the value chain using both traditional methods to next generation automation, AI and Digital integration.

Driving innovation through existing business models

The Insurance industry is wrestling with how it reinvents itself to expand services, increase customer engagement, reduce cost and leverage technology advancements. The proliferation of InsurTech companies demonstrates the ideas and technology are out there. We help our clients understand the InsurTech landscape and how to make the most of these opportunities whilst also maximising the potential innovation from within their own organisation.

How to exploit and ensure security of data

With the increasing number of news stories and regulatory scrutiny, data is both a huge asset and a risk for Insurers. We help our clients to transform how they govern, control and exploit their data. We provide industry-focused support, insights and best practice for all aspects of a Data and Analytics function, from data governance and control frameworks, operating models, storage and infrastructure, data development and warehousing and through to reporting, visualisation and data analytics capability.

Would you like to work with us or find out more?Get in touch

Featured

Baringa becomes a Certified B Corporation®

We’ve become a certified BCorp, meaning we’ve been independently verified as meeting high standards of social and environmental performance, transparency, and accountability.

Redefine business success

Featured

Baringa becomes a Certified B Corporation®

We’ve become a certified BCorp, meaning we’ve been independently verified as meeting high standards of social and environmental performance, transparency, and accountability.

Redefine business success