Insurance - - Stratiformis Consulting Limited

Sectors: Financial Services – Insurance

Stratiformis recognises that solutions pertinent to General Insurers may, or may not, be relevant to Commercial Insurers such as those based in the Lloyd’s and London Market, and may be totally irrelevant to Life & Pensions providers. As such, we aim to bring our industry knowledge to bear such that we provide the right individuals with the right experience and background to meet our clients’ needs.

Stratiformis recognises that there are a number of major issues that current face the insurance industry as a whole. These include increasing regulation (both domestic and that driven by the EU and the US), changing distribution channels, the need to curtail costs whilst building a platform for growth, maturing markets, mergers/acquisitions/ divestments, and increased reporting overhead. These issues are in addition to any which may be segment specific, e.g. the FSAs proposals for differentiated and more principles-based approach to Insurance Conduct Of Business (ICOB) regulation., the London Market Principles (LMP) initiative, etc.

Stratiformis provides insurers with a range of business advisory and delivery services aimed at addressing the issues outlined above, and many of our clients find the fact that we can bring ideas and experience to bear from other areas of the Financial Services Industry to be of particular benefit.

The UK insurance industry is the largest in Europe, the third largest in the world and, at 354,000 employees (Source: Association of British Insurers), constitutes fully a third of the jobs in the UK financial services sector. the insurance industry represents an incredibly diverse grouping of practitioner organisations, each of which faces its own unique challenges.