Insurance companies that pursue an ecosystem strategy are winning. The execution is in the details, however. It depends heavily on being able to identify and execute the operational components that drive its success.
To discuss these executional steps, Grant Thornton’s Matthew Tierney, global head of Insurance, and Andrée Bourgon, principal for Insurance Strategy and Transactions, recently talked with John Weber of A.M. Best Co. for that company’s “Best’s Review” video series.
Some highlights of the video include discussions on identifying and using new pathways for revenue streams, creating value components in a business’s offerings that attract a wider variety of customers and forming partnerships that can provide interconnected services. In addition, Matt and Andrée talk about how to tailor a business’s ecosystem strategy to intelligently capture, analyze and use data.
Listen to our leaders discuss these topics and more in the video below.
Download the Driving an insurance carrier ecosystem strategy video transcript here.
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