|
Welcome to Amethyst, a new specialist consulting practice, providing a range of professional services to firms operating in the London Insurance Market and their overseas operations, as well as buyers of insurance and reinsurance. Our strength is not only our 25 years of practitioner experience but also our extensive knowledge in areas such as Market modernisation, change management, process redesign and dispute resolution, to name but a few.
Whilst London is the Market of choice for many buyers of insurance and reinsurance around the World due to it's specialist broking and underwriting capabilities, as well as capacity and diversity of risk transfer products, our administrative processes haven't always enjoyed quite the same high standing. There are still reasonably high levels of rework and error, along with multiple entering of the same data by many parties, which generates unnecessary cost and delay. In addition, we still see many labour intensive working practices and as an industry, we are not gaining the same benefit from technology, as enjoyed by parts of the financial services community. In recent years the London Market has made a concerted effort to modernise its post bind processes and whilst progress has been made, we still have some way to go..
In addition to our process challenges, we face other pressures, such as an evolving and increasing regulatory environment, emerging international competition and a continuing soft market. With any mature industry, change is difficult and very often emotional. Amethyst Business Consultancy can help you with such change in a professional and "stakeholder inclusive" style – we have much experience in managing change in this unique Marketplace. Equally, we recognise that London has some extremely important and unique practices and at Amethyst our style is to work with our clients to ensure that these are preserved and indeed strengthened, alongside the introduction of modern supportive technologies. |