Product strategy: How to optimize the packaging & pricing of insurance offers in times of inflation? 2024 | Simon-Kucher & Partners | 29 January 2024 | Webinar

Insurers have been caught up by inflation , after having minimized premium increases last year, this year 2024 will see a strong indexation of contracts whether in automobile, home or health.
5%, 8%, 10%, 12%, 15% for 2024…. Many people estimate that the cost of auto and HRM insurance will double by 2030 .

Insurance is a constrained expense for French households which weighs more and more on their budget. Do these increases not risk creating a greater demand for transparency and comparison and generating greater portfolio volatility ?

• How to react ? Should we review the way products are structured? Better target them and personalize them to customer needs?
• How can we better involve customers and find the right “trade-offs” in the guarantees offered? Should we rethink assistance and manage to monetize it for its own value in a service logic?
• How can you go about adapting your product range / formulas / packages and options to better meet customer needs?
• Can we find margin levels? Should we review the promotional and price discount logic?

We invite you to share our thoughts and methodologies during our webinar in order to adapt your insurance offers to this context for P&C & Health / Borrower insurance in the Individual, TNS and Business markets.

2024 Speakers

Jean-Louis Delpérié
Partner

Alexis Chery
Senior Director