Challenge:
A major health, wealth, and investment firm with over $800 billion AUM was facing significant delays in launching new insurance products, with typical cycles exceeding 12 months. The challenges included human-dependent, manual processes, fragmented data and technology systems, and complex regulatory constraints. These inefficiencies were limiting the company’s growth and scalability, especially in its health insurance product line.
Approach:
Our team conducted a comprehensive assessment of the firm’s data, technology, and operational workflows. We identified key areas for automation, data integration, and infrastructure optimization. A tailored strategy and playbook were developed, focusing on automating critical functions, unifying data sources, and evolving the technology stack to reduce dependency on manual interventions. This approach included implementing a holistic data infrastructure, streamlining regulatory compliance processes, and eliminating bottlenecks to improve operational agility.
Outcomes:
The strategy reduced the product launch cycle by over 50%, enabling faster go-to-market capabilities and positioning the firm for accelerated growth. The new automated and integrated systems not only increased speed but also enhanced scalability and regulatory compliance, setting a strong foundation for sustainable product innovation and competitive advantage.
STAT:
50% reduction in PLC
