Insight

From coverage provider to risk advisor

Insurers serving large businesses can add value by unbundling services

Ed Chanda

Ed Chanda

Partner, National Sector Lead, Insurance, KPMG US

Matthew McCorry

Matthew McCorry

National Insurance Advisory Leader, KPMG US

+1 212-954-3945

Scott Shapiro

Scott Shapiro

Insurance Operations Leader, KPMG US

+1 860-297-5088

The largest businesses have always operated in an interconnected world of complex risk, which has required these large companies to develop capabilities and targeted insights to understand and manage risk and which has enabled them to self-insure.

Insurers seeking to more fully serve this market segment have an opportunity to enhance their market relevance and boost fee income by offering unbundled risk-advisory services. To seize the opportunity, they need to better understand customer needs which move beyond traditional protection coverages or administration services, extending to key areas that include always-on risk exposure analyses, utility services, and prevention.

Download KPMG’s point-of-view paper for greater insight into current unbundling trends, advancements in technology and data capabilities, and what we believe carriers must do to redefine their roles to remain competitive.