AXA – on demand AXA 2025 Muenster Consulting

Transcript:AXA – on demand AXA 2025 Muenster Consulting:
AXA – on demand AXA 2025 Muenster Consulting presenting to the upper management board of AXA Muenster Consulting Agenda 2 Management Summary Carolin 3 Key Issues Management Summary Analysis Implementation Finance Conclusion Easy market entry for new customers Behind in tech trends High dependency in capital markets Key Issues Easy market entry for new customers Behind in tech trends High dependency in capital markets How can AXA keep being competitive and transform the health market? 5 A business model shift is needed Strategy Shift of core business model Expansion of digital offer Acquisition of new customers Outcome Revolutionize health care system in the Asian market Increase market share Benefit reputation 6 Management Summary Analysis Implementation Finance Conclusion Analysis Theresa 7 Axa faces a highly competitive market The trends in the industry is challenging the competitive landscape Wave of Mergers & Acquisitons Impact of technology (AI, IoT, Blockchain) The rise of insuretechs AXA does not only compete with insurance companies but also with banks, asset management companies, investment advisers and other financial institutions Global multi-line insurance majors Strong regional players Digital-first insurtech companies 8 Management Summary Analysis Implementation Finance Conclusion Axa forces a highly competitive market The trends in the industry is challenging the competitive landscape Wave of Mergers & Acquisitons Impact of technology (AI, IoT, Blockchain) The rise of insuretechs AXA does not only compete with insurance companies but also with banks, asset management companies, investment advisers and other financial institutions Global multi-line insurance majors Strong regional players Digital-first insurtech companies How can AXA create a unique selling point to outstand the competitors? What should AXA focus on? 9 Looking ahead, AXA has several decisions to make 10 Management Summary Analysis Implementation Finance Conclusion First, focus on the health sector Focus Health Property & Casualty Banking Life & Savings Asset Management Urgency Customer needs High growth potential Lock-in effect possibility Why? 11 Management Summary Analysis Implementation Finance Conclusion First, focus on the health sector Focus Health Property & Casualty Banking Life & Savings Asset Management Urgency Customer needs High growth potential Lock-in effect possibility Set a focus on one sector to get specialized and fulfill customer needs. Take advantage of the “urgency factor” of health. Use the lock-in effect and the up-selling possibilities. 12 Focus on the B2C sector Business B2B B2C Changing customer needs High growth potential Mobile first Range Economies of scale Why? 13 Management Summary Analysis Implementation