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Insurance
 
 
Key Issues:
        Largest industry but we need to rethink!
  • Ensuring growth in a two-speed global economy
  • Reshaping business models to adapt to low-interest-rate, Solvency II, aging populations;
  • Need to achieve competitive advantage through smarter operations and competencies;
  • Need to adopt Enterprise Risk Management;
  • Need to attract and retain skilled workforce.
 
 
Responding to the realities of insurance sector, P-mac's Insurance Practice provides solutions for growth. Our extensive industry knowledge and experience customizes offerings to clients' specific needs.
 
Operations
P-mac experts help insurance industry clients achieve better efficiency and competitive advantage:
   
  • Process analysis and design of smarter functions in the areas of sales, marketing, finance, IT, HR, and other operation functions
  • Cost reduction and optimization
  • Talent development, job redesign, benchmarked performance management system for enhanced employee contribution, satisfaction, and retention
  • Management architecture and implementation, leading to rationalization of administrative costs
   
Consolidation
Alliances for win-win situation stand to prosper with right approach. P-mac helps clients with professional due diligence before alliance, assessment of cost-saving and market-capitalization synergies, drafting of M&A terms and condition, and ensuring efficient operational framework.
   
Risk management
Complex and uncertain financial, geopolitical and climatic environment highlight the importance of unanticipated risks faced by insurance sector. Still most organizations do not have appropriate risk management structure and processes. There is a huge methodology gap. The problem is heightened when most decisions are based on assumptions and intuition, without checking their validity. P-mac implements Enterprise Risk Management- aligned to Risk Management Best Practices to develop necessary capability to shield insurance companies from losses and surprises.
   
Talent acquisition, development, and retention
Insurance industry needs to take a long-term view of talent management and a strategic approach to Human Capital for ensuring fulfillment of business objectives and workforce expectations. Getting good people and retaining them is critical to the success of insurance companies. This requires us to build brand as an employer of choice that differentiate on the parameters of professional development and career growth opportunities. We provide necessary human capital services to insurance industry:
   
  • Analysis of required skillets and profile development
  • Sourcing right and proven talents
  • Development of critical business skills
  • Development of project management skills, including time, cost, and risk management competencies
  • Design and deployment of performance appraisal and reward systems
Examples of our work
Fortune 25 Health Insurance Company
PMAC helped developed project management and risk management competence of key professionals of USA's one of the largest insurance company, leading to marked improvement in operations and timely completion of projects, and quality of service.
 
Major Infrastructure and Monuments Insurance Company
PMAC introduced organized project management system to achieve business goals of new product and service launches, leading to commendable outcomes.
 
Leading Joint Venture General Insurance Company
PMAC developed project management competence of managerial level for timely implementation of improvement initiatives.
 
 
     
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  +91-120-472165
info@pmacconsulting.com
 
     
 
 
Our Clients
 
     
  Project Management Training and Consulting, Program Management Training and Consulting, Portfolio Management Training and Consulting, Risk Management Training and Consulting, Agile Management Training and Consulting, PMO Training and Consulting, Microsoft®, Project Training and Consulting, Primavera® Training and Consulting, Communication Training, Leadership Training, Teamwork Training, Negotiation Skills Training, Soft Skills Training, Business Skills Training, Performance Management Training, Classroom, Online, Virtual Classroom, Earn PDUs, Manpower Solutions, Jobs, Talent Acquisition, Employee Engagement and Productivity, Career Planning, Interview Preparation.
As a PMI Global R.E.P., PMaC Consulting is committed to contribute towards ongoing professional development of Project Staff, PMP® Certification Aspirants, PMI Members, Project Management Professionals (PMP)® PgMP®, PMI-RMP®, PMI-ACP®, PMI-SP® Certification Holders, and other project management stakeholders, including senior management and functional managers.
 
     
     
  “PMI”, the PMI logo, “R.E.P”, the R.E.P. logo, “PMBOK”, “CAPM”, “Certified Associate in Project Management (CAPM)”, “PMP”, “Project Management Professional (PMP)”, the PMP logo, “PgMP”, “Program Management Professional (PgMP)”, “PMI-RMP”, “PMI-Risk Management Professional (PMI-RMP)”, “PMI-ACP”, “PMI-Agile Certified Professional (PMI-ACP)”, “PMI-SP”, “PMI-Scheduling Professional (PMI-SP)”, “PfMP” and “Portfolio Management Professional (PfMP)” are marks of Project Management Institute, Inc. “PMAC” is registered mark of PMAC Consulting Private Limited. “Microsoft Project” is registered mark of Microsoft Corporation, Inc. for their project management software. “Primavera” is registered mark of Oracle Corporation, Inc. for their Enterprise Project Portfolio Management (EPPM) Software.  
     
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