A top ten regional insurance provider was looking to grow and scale up operation and efficiencies in order to achieve at least a top-five position in the market. However, the company was facing increased competition and regulations. Competitive pricing placed further pressures on operational spend and required a significant focus on capital and liquidity. Further, due to legacy systems, their cost structures were higher than the competition. As a result, they were losing market share and facing changes in customer behavior who were demanding more reliance on IT.
The company executives sought Nuummite Consulting to help with scaling up the IT infrastructure, restructure certain business functions, and establish a complete project management framework in order to achieve their goals.
20% increase in profitability
Developed focused and unified objectives across the whole organization
Implemented a detailed change management plan
Drove the change across every function in the company
Provided leadership team with a project progress dashboard