Augment traditional strategy approaches with “platform thinking” and DEM for the insurance industry
Growth is critical for all organizations including insurers. External and internal market drivers and digital disruption underpin the need for creative growth strategies. Traditionally, insurance companies grow organically or via M&A, or a combination of the two. But these can be slow, ineffective and sometimes even value destroying.
Now innovative and forward-thinking enterprises have a third way to grow. We call it Digital Ecosystem Management (DEM).
What Do We Mean by “DEM”?
Digital Ecosystem Management is the proactive coordination of a network of customers, suppliers, partners and developers in pursuit of a shared purpose: to create innovative new solutions for a market by leveraging digital technologies. Insurance companies are especially appreciated and requested players and partners in this context. One example is found in healthcare, which has seen a dynamic development of new services and offerings.
At BearingPoint, we offer a complete solution: consulting services, our award-winning DEM software Infonova R6, systems integration and managed services.
BearingPoint provides a systematic three-step process to develop a comprehensive Digital Ecosystem Strategy.