You'd like to find out more about the range of services offered by the msg group?  Then visit the websites of msg and its group companies.

Visit site
 
msg advisors logomsg advisors logo
  • Current website
    All msg websites
    • Topics
      • What's your 2025?
      • Business Agility Check
      • Customer Experience Banking
      • Decarbonization
      • Fast Track Digitization
      • Hybrid Organization
      • Minimum Viable Organization
      • Post-​COVID-19 Supply Chains
      • Remote Project Management
      • Smart City
      • All topics
    • Industries
      • Automotive
      • Banking
      • Food
      • Insurance
      • Life Science & Chemicals
      • Logistics
      • Manufacturing
      • Public Sector
      • Telecommunications
      • Travel & Transportation
      • Utilities
    • Competences
      • Strategy & Innovation
      • Organization & Processes
      • Digitization & Technology
      • Compliance & Risk Management
    • msg advisors
      • Mission
      • About us
      • Career
  • DE
  • EN

 

 

 

 

We find new ways
to the customer

consulting partner for the insurance industry

msg advisors: consulting partner for the insurance industry

msg advisors accompanies the insurance industry on its continuous path of change. Our consulting services combine our experience in large transformation projects and our expertise in transformative technologies with our actuarial and insurance know-how.

We align your business and operating models with new growth and efficiency goals in a changing competitive environment. We are happy to support you with our expertise in the following focus topics in particular:

Digital growth strategy

Design and implementation of digital growth strategies: new information and communication technologies as well as exponentially increasing data availability, computing power and storage capacities are driving change in insurance companies. Customers and sales partners are embracing digitalisatio, while acting more autonomously, yet with greater demands. New players in the market are using digital technologies to enter the market, while industry boundaries are merging into digital ecosystems. This creates opportunities and risks for insurers. We help our customer identify new growth areas, evaluate digital business models and implement strategic measures. 

Our services (extract):

  • Evaluation of new business areas based on business cases and initial actuarial assessment
  • Development of new digital products and business models, such as integration with related industries (e.g. housing, mobility, health) by combining insurance products and services with distribution via digital platforms
  • Actuarial and technical evaluation of digital products and business models and definition of an implementation roadmap
Innovation management

Design and implementation of a company-wide integrated innovation management: the main objective of innovation management is to increase competitiveness and support cultural change through the use of digital tools and agile methods. Many companies rely on creating innovation internally "by their own efforts". The potential to change through collaboration and acquisitions remains untapped for fear of incalculable transaction and conflict costs.

This is where innovation management can make its contribution by preparing the decisions for or against an initiative in a leading and structured manner. It collects and generates ideas, tests and evaluates innovations and makes them ready for implementation. We help our customers to increase the innovative power in their companies and to establish a standardised innovation process.

Our services (extract):

  • Definition of fields of action to increase the innovative power, e.g. optimisation of the innovation culture, improvement of networking and development of the ecosystem
  • Implementation of an innovation playbook, including recommendations for the introduction of digital tools (e.g. language and semantic analysis in the area of contracts, image recognition in the area of claims) as well as for the introduction of new agile working forms and methods such as SaFE, rapid prototyping, design thinking
  • Establishment of a standardised innovation process with clearly defined quality gates (screening, idea management, evaluation, piloting, initiation, implementation) including KPIs, tasks, roles, competencies, decisions
Digital organisation

Introduction of lean and virtual forms of organisation: in many companies, cross-functional and cross-departmental cooperation can be improved. Conflicts of competence and objectives are often structural. As a result, it is hardly possible to align business processes with customer needs. An agile, virtual and adaptable organisation can increase the performance of the company to keep up with the speed of the market. Agile methods provide the greatest benefit in areas of high complexity. In areas with standardised procedures and clear target parameters, e.g. in the areas of contract and claims processing, an organisational form that focuses on standardisation and automation is more worthwhile. We support our customers in finding the right organisational form with the right dose of agility.

Our services (extract):

  • Identification and definition of relevant fields of action to streamline and flexibilise the structural and process organisation
  • Evaluation and prioritisation of the fields of action
  • Definition of a roadmap for the implementation of the prioritised fields of action and support during implementation by PL, PMO, technical experts
Process automation

Creation of transparency in core processes and process automation: in recent years, simple control processes have been automated by renewing existing systems. In many companies, the levels of automation already achieved do not yet meet the original expectations, meaning that causes for the failure to meet targets and means of achieving them are being sought.

At this point, process mining can be used to carry out transaction data-based process analyses, e.g. for contract creation or claims processing. An actual core process with its numerous variants is visualised end-to-end in a data model. Based on this, improvement and automation potentials can be identified and hypotheses for optimisation measures (e.g. avoidance of duplication of functions, introduction of RPA, sourcing) can be substantiated. We support our customers in the evaluation, prioritisation and implementation of appropriate measures for process automation.

Our services (extract):

  • Evaluation of potential core processes for the use of process mining and RPA
  • Implementation of a first pilot project including evaluation of the results
  • Support in the implementation of prioritised measures by PL, PMO, technical experts
Data science & analytics

Establishment of data-based business models and decisions: by carefully analysing big data, insurers can optimise risk assessment, improve pricing accuracy, develop tailored products and services, attract new customer groups, build better customer relationships, streamline operations and enable more effective loss prevention. In order to develop into a data-based company, a vital data DNA in the workforce is required in addition to an individual data strategy, functional data governance and a data-based service portfolio. We support you in your transformation to a data-based company.

 

  • Definition of a data strategy: in order to generate values from data ("From data sets to data assets"), a company-wide data strategy is required that enables the company to collect, process and use data. A data strategy helps to use existing data and data to be tapped in such a way that the company is able to establish new data-based business models, optimise internal processes and identify business risks in good time so that appropriate measures can be taken.
  • Introduction of data governance: In order to overcome the structural hurdles of the company organisation, the operationalisation of the data strategy requires a company-wide governance that enables transparency and decision-making. By introducing guiding principles, processes, roles and decision-making bodies, this regulatory framework ensures the ability to act for all parties involved, so that the use of data is not bureaucratic in the interests of all parties involved and the ownership and use of the data used is clarified.
  • Development of data services: in order to use the value of data for the benefit of the company, services for internal and external marketing must be developed. Based on the data strategy, we recommend the introduction of a "playbook". An analytics playbook is a comprehensive guide that describes which data is used in which way, which parties (e.g. business, IT, partners) work together in which way, which investments are worthwhile and which use cases are implemented in which order. The focus here is on the research, testing and marketing of data-based services.
  • Establishment of data culture: in a data-based company, employees understand the value of data for the success of the company. Employees understand, think and act in a data-oriented way, they possess a vital data DNA, so to speak. We support you in the transformation of employee DNA. We help you to define a tailor-made change programme at company level and carry out selective training for employees in the individual functional areas in order to sensitise and empower employees in dealing with data and models.

Share this post:

Learn more.

Florian Weihe Msg Advisors 345x385 V2

Florian Weihe

We are looking forward to hearing from you!

Manuel Audi 345x380

Dr. Manuel Audi

We are looking forward to hearing from you!

Further topics

  • Fast Track Digitization

    Fast Track Digitization

    Opening up new sales channels and addressing customers digitally.


    Read more

  • 1
  • Msga Kampagnen Header 2025 Mvo Bridge Vf

    "Trust comes from transparency and a dialog on equal terms."

    Manuel Audi and Florian Weihe explain why traditional networks cannot develop into open ecosystems, how decentralized structures promote innovation and why the discussion about data ownership is going in the wrong direction.


    Read more

  • 1
  • Msga Kampagnen Header 2025 Mvo Chicks Vf

    "Trying to control ecosystemsprevents their development."

    Manuel Audi and Florian Weihe on minimum viable ecosystems, the central meaning of purposeand why technology is not a decisive factor for the success of ecosystems.


    Read more

  • 1
  •   
  •   

Contact

 msg industry advisors ag
Robert-Bürkle-Str. 1
85737 Ismaning

 +49 89 96 10 11 300
 +49 89 96 10 11 113

 advisors@msg.group

News from the msg group

  • Legally-Compliant Digital Processes

  • Connection of specialist procedures and process integration incomplete: msg publishes study on digital administration work 2022

  • m3 management consulting GmbH and K.GROUP GmbH now consolidated

  • msg continues to drive forward mySaveID from targens

  • Launch of a new DIN standard – Digital twins for cities and communities

  • DE
  • EN

brandeins BeraterUnternehmen2022 Logo msg Zeichenfläche 1

 The msg group

msg is an independent international group of companies with autonomous regional companies and subsidiaries and over 9,000 employees.

The msg group is active in over 25 countries in the banking, insurance, automotive, food, life science & chemicals, public sector, telecommunications, travel & logistics and utilities sectors. msg also develops integrated software solutions and advises its clients in all aspects of information technology.

© 2022 msg advisors
  • Imprint
  • Privacy
  • Search
  • Menu EN
    • Industries
      • Automotive
      • Banking
      • Food
      • Insurance
      • Life Science & Chemicals
      • Logistics
      • Manufacturing
      • Public Sector
      • Telecommunications
      • Travel & Transportation
      • Utilities
    • Topics
      • What's your 2025?
      • Business Agility Check
      • Customer Experience Banking
      • Decarbonization
      • Fast Track Digitization
      • Hybrid Organization
      • Minimum Viable Organization
      • Post-​COVID-19 Supply Chains
      • Remote Project Management
      • Smart City
      • All topics
    • msg advisors
      • Mission
      • About us
      • Career
    • Competences
      • Strategy & Innovation
      • Organization & Processes
      • Digitization & Technology
      • Compliance & Risk Management
Cookie settings

The msg systems ag uses cookies to provide an optimal website experience that is tailored to your specific needs. These includes cookies that are necessary for ensuring the smooth operation and the security of our web pages, as well as those used for anonymous statistical purposes, to help us reach our commercial business goals, or to display personalized content. You have the right to choose which categories you wish to allow. Please note that your decisions may affect which page functions are available while using our site. Further information can be found in our data protection information.

Required
Statistics
Privacy Policy
Hide details
  • Required

    Required cookies are used to ensure the smooth operation of our web pages and to make them user friendly. They also enable security-related functions. Furthermore, these types of cookies help us identify whether you would like to remain logged in under your profile, thereby allowing us to make our services available to you even faster the next time you visit our site.

  • Statistics

    In order to ensure continuous improvement of our content, structure and our website in general, we record anonymized data for statistical purposes. With your consent, data on your user behavior will be transmitted anonymously to Google Analytics. We use these cookies, for example, to determine how many times a specific page is accessed or the effect of certain pages of our web presence; we then use that information to optimize our site.