A European insurance company with strong market share in the life and pensions business was seeking to drive substantial growth and diversify by using their strong brand to enter non-life insurance markets across the continent.
KPMG’s Global Strategy Group had delivered a similar exercise for the client across the life and pensions market, and the client asked for support to assess the market opportunity for the non-life landscape.
The client emerged with a clear appreciation of where the market opportunities were, along with ideas to capture them. The client was quickly able to discount non-strategic opportunities and focus on growth platforms in five specific countries, forecasted to collectively provide an annual revenue uplift of between €50–70 million by 2020.
KPMG’s work helped the client target its future investments with a roadmap for change, while creating stakeholder alignment around the company’s strategic bets to help them realize their ambitious growth targets.
Unless the context otherwise requires, throughout this website “Global Strategy Group”, “GSG”,“KPMG”, and “KPMG network” (“we”, “our”, and “us”) generally refers to the member firms ofthe KPMG network of independent firms affiliated with KPMG International, a Swiss entitythat services as a coordinating entity for the KPMG network. KPMG International provides noclient services.