Aon Inpoint helped an insurer in APAC to build its strategy for a new reinsurance subsidiary in Singapore.
Client Situation
The client is a leader in its domestic market with a desire to expand internationally, and sought to consolidate its various regional reinsurance operations under one reinsurance company based in Singapore. The business case required the Board’s approval for a major investment to create a leading regional reinsurer writing third-party Asia Pacific risks.
Aon Inpoint’s Solution
- Conducted extensive market attractiveness assessment by line of business and type of placement for top ten countries in Asia Pacific and Middle East
- Produced opportunity scorecard to prioritize entry plans based on size, profitability and accessibility
- Designed organization model and operating blueprints for the new business
- Created key performance indicators for Head Office to manage the subsidiary and designed quarterly reporting dashboard
- Generated full detailed five year P&L for submission of business case to the Board
Aon Inpoint Delivers Distinctive Client Value
- Identified $100 million profitable new business stream with a strong fit with the client’s risk appetite
- Board approval achieved and investment funds released
- Client’s executive based new business model on operational recommendations
- Helped initiate discussions with regulators and legal advisors for planned operational start