Hub and Spoke in Insurance: Aggregate and Conquer

Yesterday’s insurers operated in a markedly different world. Faced with top line growth as their overriding imperative but saturating domestic markets, European insurers expanded rapidly cross border increasing their market share by ~10% in just two years, after having remained stagnant for almost a decade. Moreover, with significant diversity in insurance regulations, pensions and fiscal systems and technological platforms which could not be scaled effectively, there has traditionally been less focus on cross-border operational structure.