How insurers can balance purpose with profit
Look ahead: Insurance
For the insurance industry there are three likely levers of responsible business growth that have the potential to transform their propositions: preventative solutions, the smart deployment of data, and additive services beyond traditional insurance.
All are explored in detail in The road to responsible growth for Insurance, part of our latest Strategy& series of industry-focused reports.
Drawing on industry insight from our consulting and deals strategy teams, the report sets insurance business challenges and opportunities in their economic and sector context, and considers the role of insurtechs, as well as more traditional players.
The report also makes the case for change through the lens of responsible business growth and business purpose including environment, social and governance (ESG) measures.
And importantly, it offers six tangible suggestions around where insurers can focus to drive growth.
"Changing customer expectations demand that insurers focus their propositions on more than just price.”