Aranca

 

Insurance | Business Research & Market Intelligence Solutions

Capability Overview

With a track record encompassing 150 adhoc projects and several hundred rapid research assignments across life and non-life products in both developing and emerging economies, Aranca is a valued research partner to several global insurance companies, brokers and reinsurers.

To sustain growth in revenues and profits within a sluggish global economic environment, insurance companies are constantly required to develop innovative strategies and tactics with respect to product design, pricing, positioning, retaining / acquiring customers, enhanced distribution effectiveness and expansion in emerging markets – all of which can be more effective with timely, accurate and insightful market intelligence.

Decision makers in insurance companies engage Aranca for a variety of research needs - ranging from periodic tracking of markets trends, competition activities, product introductions to business development support e.g. call prep sheets for targeting corporate accounts, up-sell / cross-sell analytics, prospect databases and adhoc projects to support strategic initiatives around growth, diversification or other operational aspects.

Aranca: Research Experience in Insurance Sector

PRODUCTS
Life Insurance
  • Protection plans
  • Investment plans
Property & Casualty
  • General lines
  • Commercial lines
Health Insurance
  • Fee for Service
  • Preferred Provider (PPO)
  • Point of Service (POS)
  • Health Maintenance (HMO)
Reinsurance
 
CUSTOMER SEGMENTS
  • Individuals
  • Corporate Accounts
MARKETS
  • USA
  • Canada
  • India
  • China
  • South American countries
  • Eastern Europe
  • Western Europe
  • Africa
 
RESEARCH SOLUTIONS
  • Government policies
  • Country reports
  • Market attractiveness assessments
  • Growth forecasts
  • Competition insights
  • Distribution
  • Call prep sheets (B2B sales)
  • Sales and business development
  • Technology & innovation trends
  • Cross and up-sell analytics
  • Newsletters: Industry / competition

Assignment Examples

Aranca’s research experience in the insurance sector spans across different types of life and non-life products and analysis of market and competition dynamics in over 20 countries. Illustrative examples of recent work that we have conducted include:

  • Market study on reinsurance in GCC countries
  • Market assessment and competitors’ strategies for risk products in South Africa
  • Research report on Life Insurance Settlements in USA
  • Opportunity assessment for insurance products in US HNI segment
  • Market study on franchise insurance in UK
  • Study on Extended Warranty, Home and Auto Insurance in Germany
  • Opportunity assessment study on selling insurance products through ‘Employer’ as channel in USA
  • Report on distribution channels of specific insurance companies across ten Asia-Pacific countries
  • Research study on Payment Protection Insurance in France
  • Research report on sales channel share for different insurance products in EU15 countries
  • Research study on market potential for expatriate health insurance
  • Market reports on insurance sector in fifteen Middle East and North African economies
  • Opportunity assessment for health management services in India and China
  • Market report on insurance sector in Central & Eastern European countries
  • Analysis of risks and insurance requirements for companies in Indonesia’s Agriculture/ Palm oil sector
  • Research report on ‘group life insurance’ in Latin American countries
  • Study of life and health insurance market in Canada

Case Studies

Project:
Competitor Intelligence Report - South Africa Insurance Market

Client:
South Africa based financial services group engaged Aranca to develop a competitor intelligence report on insurance companies in the country from a benchmarking perspective

Project:
Market study on insurance for consumer products in United Kingdom

Client:
A global insurance broker commissioned Aranca to conduct a study on the consumer insurance segment in UK, as an input to their strategic planning process