Insurance -
Get Out of the Box, Create Impact
Responding to Today's Risks
With Tomorrow's Solutions
Volatile customers
Legacy systems
Pressure from insurtechs
Climate risks
What 321 delivers
Business evaluation
Viability study of an embedded insurance service for online purchases.
Designing a strategy for a new business
Definition of an on-demand insurance model for self-employed workers.
Creating a new product or service
Development of a digital assistant to help with the declaration of claims, which can be integrated into customer journeys.
Accélération de votre croissance grâce à de l'operating partner
Optimisation des opérations et du go-to-market pour un service d’abonnement santé destiné aux jeunes actifs.
Insurance —
Take Action
Energy renovation:
The Right Model at the Right Time?
Background
A major insurance player wanted to assess the potential of its “Go Green” initiative launched in Ireland, a platform intended to guide individuals in the energy renovation of their homes, with a possible replica or extension in France.
Approach
We conducted an in-depth evaluation of the project according to 8 key criteria (value proposition, product, business model, go-to-market, adoption, team, financial plan, governance). Analysis of the French market revealed a saturation of supply and a misalignment between the proposed economic model and the expectations of stakeholders. Several alternative scenarios have been formulated to create value differently from the existing asset.
Impact
The project was not continued in France, as the “one-stop shop” was no longer relevant in the context of 2024. This informed decision allowed the client to avoid an unnecessary investment and to refocus its strategy around more promising paths.
insurance industry leaders believe that their technological systems are hampering their ability to innovate.
Source: PwC, 2023 — Insurance Survey
size of the global insurtech market in 2022, with an expected annual growth of 52.7% until 2030.
Source: Grand View Research, 2023
cost of climate events to insurers in France in 2022.
Source: France Insurers, 2023 Report