Central European market entry with Variable Annuity Products
The client is a global financial services group providing insurance and investment solutions.
BearingPoint enabled the client, a global Financial Services Organisation, to expand the Variable Annuity-Business within the European market based on a near-shore backoffice shared services approach.
Objectives of the project
Support market entry with Variable Annuities of an international financial services group with Expansion Strategy in Europe.
Measurable & concrete results
- Analysed business and technical requirements and set up processes for market entry of a global insurance company in new European market
- Supported the market entry with flexible Variable Annuity products including different guarantees to be able to offer tailored products to policy holders
- Implemented concept of decentralised product development for Europe accommodates local market knowledge while centralised pricing allows for synergy effects
- Developed a go-to-market-strategy and process model for different sales and distribution partners
