The insurance industry can profit from an unprecedented opportunity for growth through employing an ecosystem strategy. Which ecosystem path is best for companies in the industry, enabling a focus on growth and serving clients?
Strategic options abound, such as launching adjacent services or products, investing in a strategic partnership or embracing the role of data and technology. The right options should emerge from how a company already operates.
Across P&C, life, health or broker services, insurance companies that leverage an ecosystem strategy best suited for their company will position themselves to achieve sustained growth from new revenue streams.
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Click here to learn about the three keys to an insurance ecosystem strategy
CPA, Managing Director, Financial Management
Bob Cummings is a Managing Director in Grant Thornton’s Financial Management Practice providing services to global property/casualty, life and health insurance industry clients
Principal, Business Advisory Services
Global Leader, Insurance
Matt Tierney is a principal in Grant Thornton’s Business Advisory Services practice and a regional Insurance practice leader. He has more than 14 years of experience in the business consulting sector, working with Fortune 100 companies in the insurance, banking and real estate sectors.
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