INSURANCE

LIFE & RETIREMENT

The life and retirement space is a natural complement to our 20-year history in wealth management. Capco offers digital strategy / execution, core system implementation services, strategy consulting and target operating model development.
PROPERTY & CASUALTY

Property and casualty (P&C) carriers are experiencing change on a more significant and rapid scale than ever before. To ensure these industry developments propel your company forward, Capco offers a great many capabilities, from core system consulting to digital strategy (including data science) along with business strategy consulting and target operating model development.
REINSURANCE

The reinsurance market has very special requirements, which Capco has the experience and skills to meet. We understand reinsurance from a global perspective and have deep consulting and technical ability. Our digital and business consulting expertise can help you to build reinsurance-specific solutions uniquely tailored to your organization’s needs.
DISTRIBUTION CHANNELS

We view independent agents, captive agents, managing general agencies, brokers, wholesalers and managing general underwriters as core constituents in the insurance value chain.
EMPLOYEE BENEFITS

Benefit providers are faced with aging core insurance platforms. The prospect of a ‘rip and replace’ has a high-risk profile that could take years to complete. Capco has alternative solutions that can quickly provide benefit providers with the capability demanded by today’s market without the risk of undertaking a major system replacement.

EMPATHY AS A NORTH STAR IN THE INSURANCE MARKET

The ability of insurers to go beyond the quantification and actuary tables of its customers will be a differentiator as the volume and variety of data points increase. The expectation is that digital improvements, AI and wearables will all robustly impact insurance underwriting, making it easier for insurers to assess risk more precisely. Unraveling customer motivators and driving to understanding the ‘why’ will provide a dramatic competitive advantage as insurers tailor customized plans and services.
INSURANCE AND THE INTERNET OF THINGS (IOT)

The internet of things (IoT) is disrupting all kinds of industries and insurance is no exception. In the following three parts, we discuss the different technologies driving this disruption, in addition to methods for embedding these technologies into a range of insurance propositions.
THE REALITY OF CREATING AN AUTO INSURANCE PRODUCT

If you’re an up-and-coming automobile manufacturer (or InsurTech) looking to break into the auto insurance space, you may want to read this. Insurance isn’t like manufacturing; it’s not like retail, it’s not like banking, it’s not like anything else. However, if you know a few things about the industry beforehand, you can save yourself a lot of grief later on.

If I were an automobile manufacturer and wanted to build an insurance product for my cars, it would be (conceptually) straightforward; come up with the unique coverage for my specific type of car and then price accordingly based on the characteristics of my automobile. However, the reality is quite a bit different for some precise reasons.