Unlike the banking sector, the insurance sector survives globally correctly to the financial crisis so far. Bankinsurance models have sometimes been threatened, especially in the UK and in Belgium, but more on the banking side of the business or because of the regulatory constraints due to Solvency II in terms of equity cost than on insurance activity breakdown.

However, if the turnover has not been strongly impacted, the margin has been mechanically reduced by the drop in financial products revenues. In this context, insurers, whatever their business models (bankinsurers, traditional companies or mutual companies) are pushed to increase vigilance on cost control and technical quality of their portfolios.

In an always stronger competition field (in life but also in property and casualty) where development strategies are still ambitious, the balance between development and technical quality control is sometimes difficult to handle. Hence, the search for new models (internet, new physical networks …) is a constant issue in all markets, may they be mature or still emerging.

At EUROGROUP CONSULTING, our European network and skills allow us to provide a cross-border vision of strategic issues, both pragmatic and business-wise, to support board level decisions.