The Power of Alliances | KPMG | QA

The Power of Alliances

The Power of Alliances

Increased competitive pressure, new regulations, evolving customer demands and new technologies are creating unprecedented change in the insurance sector.

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At the same time, insurers are increasingly starting to realize that their current organizational structure and culture may not be conducive to achieving the type of real, sustainable and value-creating change and innovation needed to compete over the long term. New models, new ideas and new partners must be found.

 

While there is no ‘one-size-fits-all’ approach to partnering for growth, in our new report, The Power of Alliances we explore three areas where insurers have been particularly active: bancassurance, Financial Technology (FinTech) and digital or non-traditional distribution channels. In each of these three areas we offer practical insights and lessons to help insurers create more sustainable and value-driven partnerships and alliances.

© 2017 Siddharta Widjaja & Rekan – Registered Public Accountants, an Indonesian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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