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In today’s rapidly evolving business environment, insurance executives are desperate to reinvent their century-old business model. And most industry observers believe corporate development teams will play a leading role in facilitating that change.
According to a KPMG global study of insurance industry executives, a majority of insurers believe that aligning corporate development initiatives with overall corporate strategy is a critical first step to success. At the same time, many insurance firms are establishing venture capital affiliates tasked with evaluating and acquiring innovative and transformative technology companies, including those outside of the traditional financial services sector.
The insurance industry continues to face on-going challenges with organic growth, significant earnings pressures, and the eventual disruption of legacy business and operating models. Market leading Corporate Development teams recognize this reality and are quickly adapting to this state of transformation in the industry. They are getting more strategic about their inorganic growth initiatives, including exploring M&A opportunities to transform their traditional business models, and fostering partnerships and alliances to gain access to innovative skills and capabilities critical to the on-going transformation of the industry.
Given the complexity now facing many corporate development teams, the Global Insurance M&A, Strategy & Innovation Forum will provide a fresh new perspective on aligning corporate strategy with M&A activities. This research uncovers trends and explores the challenges of acquiring innovative and transformative technology companies and the core competencies required of corporate development teams in this new era of deal-making.