Introducing "Alaika Connect" - our new invite-only executives series for Financial Services executives, investors and Tech Leaders. 👋 🙌 Thank you to our speakers, our sponsors and our Alaikas who made that happen. 🙏 ALAIKA Advisory Xerox Rackspace Technology Juergen Stauber Thorsten Budzinski #wearehiring
🗓 Recently we´ve hosted the 1st “ALAIKA Advisory Connect” event. This is an invite - only initiative where we bring together Fortune 500 executives, leading investors and tech leaders to discuss the most pressing topics within the Financial Services industry. 🚨 This time our focus was on #Insurance. Together with 20 esteemed guests I kicked it off having a look at market cap trends of leading direct insurers over the past decade in EU vs US. The 3 biggest US direct insurers (UnitedHealth Group, Elevance Health, Marsh) grew their market cap in the last decade by 4x and achieved great shareholder value, while the top 3 EU insurers (Allianz, AXA, Zurich Insurance) achieved only 30%, nearly flat post inflation. EU cannot afford to fall behind...! We evaluated 5 #growth drivers to close the gap - (pls see details below in the graphic): #1: Increase of tactical M&A #2: Bigger upfront tech investment in non-legacy setups and especially faster & bolder (!) decision making required #3 EmbeddedEcosystems market size will grow globally 8x (!) from US63bn in 2022 to US482bn and Europe’s insurers have to use this chance to benefit from that #4 Focus on increasing business exposure addressing Emerging Risks - namely the two quickest growing ones “#ClimateChange” & "#Cybersecurity” #5 Using the luxury of existing deep industry knowledge and #EconomiesofScale in developed markets to really grab and secure a high market share in #emergingmarkets. There is a chance that a Chinese insurer is not No1 in Africa in 2040. Lets use it ;) 📌 Quoting our keynote Marguerite Soeteman-Reijnen, former Chairman of the Executive Board of Aon Holding B.V. and Aon Group International N.V., “You can never solve problems with the same mindset that created them”, to emphasize our belief that our European industry needs a shift. #Insurance #CEOs and their #boardmembers have to act longterm and beyond their typical 4 year legislation periods and boldly build a robust future. 🙏 A big thank you to our #speakers, #guests, #sponsors Speakers: Markus Löffler, Daniel Besendorfer, Marguerite Soeteman-Reijnen, who discussed the importance of #data, spanning from how #AI drives massive efficiency gains across the industry and taking up to 80% cost out to usage-based insurance towards customer satisfaction. Guests: Anna-Maria D'HULSTER, Isabel Martorell Naßl, Dr. Christoph Samwer, to name just a few. Sponsors: Xerox (Thorsten Budzinski), who highlighted the opportunities of intelligent document processing through AI/RPA to increase productivity and automation of the large number of paper-based workflows. Rackspace Technology (Juergen Stauber) and Microsoft, which together focus on multi-cloud solutions and with its core product "Foundry for Generative AI by Rackspace” on the responsible adoption of generative AI solutions. ❤️ #Alaika Team: Manuel Gerhart, Philipp Schaeuble, Michael Kimmig, Harald Braunstein & Johanna von Geyr Visit us at www.alaika-advisory.com