The role of an Interim Manager in the Insurance sector
Although they cover distinct activities, the banking sector and the insurance sector share many points in common. Their association gave birth to the insurance banking sector. It is a dynamic, creative and highly controlled financial market. Faced with ambitious objectives and constant changes, it requires specific skills during determined periods. Banking and Insurance transition management offers reliable and sustainable solutions.
Panorama of the banking insurance sector
The rapprochement of the banking and insurance sectors has accelerated with the development of the Internet and electronic banking. The banking sector has developed an insurance offer around the management of a current account or credit, such as insurance on the means of payment (loss of card or checkbook), on the loss of income (unemployment , accident, etc.), then on usual products such as home insurance or car insurance.
As for the insurance sector, it now offers banking services. Bancassurance is a sector that is still in the throes of change with the takeover of insurance networks by banks and vice versa. These mergers and acquisitions are accompanied by the appearance of new financial groups. The projects to be completed and the projects abound. Consequently, transition management needs in the banking and insurance sector are significant. They affect both the front office and the back office. They promote the creation of transition missions in insurance and banking.
Qualities of bank and insurance managers
The banking and insurance sectors employ more than 500,000 people . There are many professional profiles within them, whether functional or institutional. The demand is great for financial directors, tax experts, wealth managers, financial engineering specialists, market operation analysts, but also lawyers, jurists, accountants or IT specialists.
In terms of training , the range is just as wide, but university courses specializing in banking, finance or insurance are obviously the most frequent. The human qualities required to effectively manage banking and insurance are the ability to listen, to clearly identify a Customer, and knowledge of existing products and services in order to meet their expectations. You have to be comfortable with handling numbers, be interested in current events, know how to negotiate , question yourself regularly and be determined .
Advantages of the Transition Manager
In a period of major organizational and structural changes, it is sometimes necessary to strengthen the existing team by adding the skills of a specialist.
These projects are of short or medium duration. So you usually need a seasoned professional for 6 to 18 months . A project , system, human resources director, a financial manager , a legal specialist… Interim management in banking and insurance provides you with a complete and sustainable response .
Our managers regularly carry out transition assignments in banking and insurance. These experts have appropriate qualifications and long experience of this type of project. They are quickly available and are totally invested in their mission. Determined, they undertake to respect the dates granted.
To find the manager capable of successfully completing your transition mission in banking insurance, contact us. We will listen to your project, we will define the steps as well as the profile of the professional that suits you. Whatever the sector of intervention, we will select the candidates able to complete your plan. Finally, you will designate the Transition Manager who inspires you. In the days that follow, this strategic or operational framework will be hard at work and at the head of its teams.