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Insurance

The UK insurance market is one of the largest in the world, generating significant revenue and profits for companies who demonstrate underwriting excellence and broad distribution reach. With ongoing advancements in technology and data, we believe the UK insurance market will be transformed over the next five years. We work closely with our clients across the industry to help them accelerate their transformation journey.

Point of view

The insurer of the future.

The scale of transformation will be across the entire insurance value chain and broader ecosystem. It will be driven by modern technology enablers and the application of data and advanced analytics. To be successful, insurers will need to partner with expert organisations who understand their industry and have the technical and delivery capability to deliver at scale in a rapidly changing environment.
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Insurance POV
Challenges

What is your challenge today?

Explore the challenges that connect to your situation. We can work together to chart the best path forward for your specific organisation and circumstance.

Insurers have a clear business strategy aligned to their investment portfolio, underpinned by a market-leading delivery capability. Credera helps clients across the delivery lifecycle, drawing on our extensive experience in Business Transformation and Programme Delivery. We thrive in complex and fast-paced environments, bringing seasoned delivery professionals and proven methods and approaches. 

Related Offerings

The ability to execute change will be one of the key differentiators for the insurer of the future. Credera works with clients to transform their IT and Data delivery capabilities by establishing modern operating models, modern architectures, advanced software engineering practices, and agile ways of working. 

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Modern marketing technology has the ability to accelerate growth through new business generation, cross selling, up selling, and retention. Credera works with clients to transform their marketing capabilities, combining our expertise in MarTech and data & analytics across direct and intermediary channels.

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A cloud-first strategy will underpin the insurer of the future, driving efficiency, agility, and innovation. Credera is partnered with the leading cloud providers and works with blue chip clients to accelerate their journey to the cloud, helping them maximise the potential benefits.

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Many insurers are constrained by their legacy estate, with significant implications on operational expenses and change agility. Credera works with clients to establish a pragmatic approach to architecture simplification and modernisation, using established techniques and in-house accelerators to maximise value.

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AI, machine learning, and large language models (LLMs) are set to transform every aspect of the insurance industry. We work with blue chip clients to help develop their strategy and implement analytics models which drive enhanced business performance. 

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Success with data relies on subject matter experts being able to access data quickly and easily, with absolute confidence in the meaning and quality of that data. They also require the tools to analyse the data and deploy models into day-to-day operations.
Credera works with blue chip clients to define and deliver their data strategy, architecture, operating model, and data governance frameworks. Our approach focusses on making data easily accessible to the wider organisation by prioritising use cases to build capability incrementally, accelerating the time to value from your data.

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Case studies

See how Credera partnered to drive value with our clients.

GLOBAL INSURANCE BUSINESS

Facilitating the launch of a new global insurance business.

Credera shaped and led the delivery to build a new multi-billion-dollar global insurance business by entering brand new global markets. The scope spanned operations, estates, regulatory, legal, finance, HR, and technology.

Operational Excellence, Programme & Change Leadership, Product Launch & Scale
LEADING UK INSURER

Developing a comprehensive data strategy for a leading UK insurer.

Credera worked with a leading UK composite insurer looking to accelerate the value from data across their business of life & pensions, wealth management, health insurance, and general insurance.

Target Operating Model, Data Strategy & Management, Analytics Engineering & Insights, Data Enablement
LEADING LLOYD'S OF LONDON INSURER

Accelerating growth strategy for a speciality insurance company.

Credera worked with a leading Lloyd’s of London insurer to drive underwriting efficiency and effectiveness through process re-engineering, advanced data analytics, and automated straight through processing.

Data Strategy & Management, Modern Data Platforms, Analytics Engineering & Insights, Cloud Strategy & Architecture, Data Enablement
INSURANCE

Transforming Lloyd’s of London’s IT landscape.

Credera was engaged by Lloyd’s to fulfil their ambition to create “the world’s most advanced insurance marketplace”- a multi-year engagement comprising business change, technology, and insurance market expertise.

Corporate Strategy, Programme & Leadership Change, Technology Strategy, Application Modernisation, Process Automation
INSURANCE

Implementing modern finance and core business ops platforms for Howden Group.

Credera implemented core operations platforms including a global Workday HR, new UK business payroll, migration to a new SaaS-based core accounting platform, and a group consolidated reporting tool.

Corporate Strategy, Programme & Leadership Change, Operating Model Transformation, Process Automation
View all case studies

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