Asset Managment

Facing margin pressures but adapting to changes in demand and distribution

The asset management landscape is populated by international titans, fast-growing boutiques and everything in between. Differential scale dynamics and regulation are driving important decisions on outsourcing and the disruption of the value chain. While the demand for low-cost strategies is placing pressure on industry profit pools, asset managers are adapting to the evolving shape of demand and new distribution models.

Wealth Management

Wealth management is domestically focussed but regulation – and the need for optimal scale – is challenging players across many countries to re-think operating models, the approach to consumer engagement, the interaction with financial advice and inorganic growth strategies.

NMG works with wealth managers including pension administrators, platform providers and financial advice firms to navigate this changing environment with a focus on inorganic growth, distribution, marketing and market participation strategies.

Reinsurance

Major reinsurers (like major brokers) operate globally and across life, health and property & casualty lines. Reinsurers are the global risk specialists of the insurance industry.

Beyond the minimum requirements for scale and scope; customer focus, specialisation and innovation continue to drive long-term outperformance. Companies need to balance the investment required to drive value-add and differentiation against the reality of margin and cost pressures.

Insurance

Life insurance markets are characterised by significant country-by-country variation. Companies are grappling with regulation and the continued but shifting need for effective intermediary distribution.

In P&C insurance engagement models vary with intermediation still vital in commercial, and direct purchase more prevalent in personal lines. Technology is reshaping everything from telematics to geomatics and implicit and predictive pricing through AI. This is driving further disruption, including the potential for risk capabilities to be delivered outside insurance.