Insurance companies face big challenges with their legacy and policy systems during economic hardships. With limited budgets, evolving regulations, and emerging technologies, it’s hard to get a solid ROI investment.
As margins are squeezed in the face of increasing competition and the cushion of investment returns begins to shrink, insurance companies are looking to sharpen underwriting, cut overheads and reduce claims leakage. Risk, government regulation and fraud are just a few issues Insurance companies face on a daily basis. Add the challenges of data management and integrating new technologies into the product and service distribution to stay competitive.
With deep industry knowledge and a balanced view of strategy, people, process and technology, Thompson can help you define, develop and deploy systems that improve partner collaboration, optimize distribution channels, and drive down the costs of managing your company.
Our focus within Insurance is:
- Commercial Property
- Personal Property
- Life Insurance & Investments
- Healthcare Strategy
Thompson has a global network of specialists who can help insurers turn these challenges into opportunities in key areas of their business including governance, risk and compliance, process improvement, financial reporting and business development strategies. Our consultants have deep industry insights gained through a combination of hands-on industry experience and working with many of the industry’s leading organizations.