Investigating the feasibility of a strategic partnership | Practicus Background -Wave
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Investigating the feasibility of a strategic partnership

THE CHALLENGE

Two leading insurers had planned to form a strategic partnership to reap the benefits of collaboration. It needed support to investigate the feasibility of a partnership, which included the merging of digital distribution and omni-channel strategies.

THE ENGAGEMENT

As part of the feasibility study, the Practicus team offered support in business analysis, technical architecture and financial modelling as well as insurance expertise to give a full view of the various facets in the proposal. Our team both facilitated and presented the input gathered from both parties.

THE OUTCOME

At the end of the study, the team produced a detailed financial and operational proposal that aided decision-making between the two insurers. Practicus’ work allowed the companies to consider the viability and logistics of a long term partnership.