Insurance

Today insurance companies are faced with a number of challenges crucial to core business decisions including globalization, low investment returns, pressure to enhance shareholder value and industry consolidation. Due to regulation, pricing competition is fierce. Competition comes not only from other insurance companies, but also from banking institutions and alternative risk management mechanisms. Global financial reforms are creating new regulatory and governance environments, affecting the economics of doing business.

To survive and thrive in this environment, insurance companies must stay focused on increasing premiums, adding additional capital and leveraging technology and other processes to successfully reduce costs and realign lines of business to succeed within niche or specialty markets.

In the complex and fast evolving environment of the insurance industry, NouvEON works closely with our clients to help them understand implications of the marketplace, develop appropriate strategies & organizational responses, and manage business and technology risks.

NouvEON’s senior consultants possess a wide range of experiences, from working with major insurers on financial and regulatory reporting to mergers & acquisitions to tax management and cost containment strategies.

NouvEON brings unique value to insurance companies because of our local accountability, industry knowledge, flexible delivery and proven results in technology and business solutions.  Our proprietary LIFT model enables us to offer high quality consulting services in line with our larger competitors, but at a lower cost.  NouvEON leverages industry knowledge and best practices to help our clients improve operational efficiency, reduce costs, mitigate risk, optimize major technology investments and effectively scale their organizations to meet the current business challenges.