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Group-Wide Synergies Programme

CLIENT:
Major Insurance Company

SECTORS:
Financial Services

LINES OF BUSINESS:
Innovation & Transformation

CLIENT FOOTPRINT:
South Africa

THE CLIENT CHALLENGE:

The client is a leading broad-based financial services group that was seeking synergies from across its multiple divisions to become more client centric, to increase its share of wallet from the combined client franchise and to achieve economies of scale in client administration and processing and in non-core, enterprise functions

HOW WE ASSISTED:

‘Positioned the programme for success by helping to define the strategic objectives and targets and by structuring the programme to ensure short-term successes whilst building a platform for growth and sustained savings.  Identified opportunities, built initial business cases, an integrated programme plan and governance structures.  Established integration programme office, monitored projects and helped close gaps

RESULTS DELIVERED:

The programme succeeded in getting the group working together in the pursuit of shared objectives.  On the grow side, group capabilities were leveraged to prototype a new business for the mass market and for cross-selling in the middle market.  On the cost side, significant savings were realised and efficiencies gained from synergies in IT and operations, including the establishment of the group’s first shared services