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| The Solvins Group brings unparalleled expertise to the challenges facing the life and annuity industry. We have the skills and resources to bring solutions to all aspects of the business from product design through to sales, administration and all financial aspects. Our experience is global and covers insurance companies, distributors, third party administrators and regulators. |
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| Each client’s situation is different. Although we offer a structured set of professional services, each is customized to meet the specific needs of our client. |
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| Distribution, Product & Pricing: |
| We bring a special understanding of the channels and products that lead to profitable growth. Our professionals have built profitable companies by focusing on quality channels with appropriately priced products for a targeted customer. We can help identify improvements in existing markets while pointing the way to new opportunities. |
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| Cost Management: |
| We will perform a high level assessment of an organization’s activities and operating expenses, benchmark results against peer organizations, identify areas of potential improvement, quantify expected cost savings and required investments. For example, we can help identify immediate savings within the underwriting process by providing comparable peer company unit costs, then providing a structure for reducing the policy underwriting and issue expenses. |
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| Organization & Process Redesign: |
| We draw upon the high level assessment to target specific areas for improvement, identify inefficient and redundant processes, assess enabling technologies and systems, develop organization and process redesign plans. |
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| Strategic Acquisitions & Sourcing: |
| We evaluate the opportunities and feasibility of acquiring new companies while analyzing the insourcing or outsourcing selected activities such as underwriting, application processing, policy service and claims. We identify expected service levels, coordinate any RFP process, perform risk assessment and cost benefit analyses, and develop transition/implementation plans. With access to significant capital, we can lead the acquiring, managing and building of an insurance operation. |
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| Project Management & Delivery Oversight: |
We are available to perform a wide-range of support roles including coordinating the implementation of organization and process redesign engagements. In outsourcing engagements, we can also assist with contract negotiations, vendor relations and implementation management, and post implementation assessment/compliance.
As part of any project, we develop reporting metrics so anticipated cost savings, efficiency gains and customer service improvements are quantified and future activities monitored. Overall we quantify an achievable return on investment. |
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