The role of the Transition Manager in the mutual sector
The insurance market is an active, diversified and growing market. Within the global economic landscape and, more particularly, within the French economic landscape, the insurance sector:
➢ Is dynamic, contributing strongly to the economic development of the country: the companies employ around 150,000 people and around 13,000 people are recruited each year.
➢ In addition, major investments are being made due to the increase in personal insurance subscriptions.
➢ Professions in the insurance sector are very varied: human resources, managers, sales representatives, advisors to individuals or professionals, etc.
➢ On average, 1 French subscribes to 4 insurance contracts as different as each other (home, car, retirement, health).
The complementary health sector is divided into 3 families of organizations: ➢ Mutuals, predominant on the market, represent around 51% of the market share.
➢ Insurance companies: around 31% of the market share.
➢ Provident institutions: around 18% of the market share.
In business, each management method is specific, but always with a common goal: to anticipate risk and be able to insure.
To best manage the issues of concern of today or tomorrow, Reactive Executive provides mutual transition CEOs to best manage the needs of stakeholders, with tailor-made strategies.
What is the role of a mutual transition CEO?
The CEO of Mutual Transition is an expert in the health and mutual insurance business . He ensures the general direction of the structure and redefines the strategies. The goal is to offer solutions adapted to the needs and expectations of the company in terms of market share. But also of its beneficiaries in terms of protection.
Beyond being an expert in his field, the mutual transition CEO is a real agent of change, a significant criterion in this evolving sector. He is able to supervise teams and implement new processes to maximize performance within the group.
His proven managerial experience will make it possible, regardless of the duration of the project, to provide all the resources and missing information relating to the health insurance sector. And to comfort his entire team in the phases of uncertainty prior to any change.
In which case to use the Mutual Transition CEO?
Calling on a mutual transition CEO is a beneficial and effective solution for a company when it faces a major operational or strategic change: ➢ Crisis situation.
➢ Replacement of an officer.
➢ Team support.
➢ Business restructuring.
➢ Business merger or acquisition.
These changes can lead to large-scale projects that can have a big long-term impact. The interim CEO then takes over the complete management of the company. He puts all his expertise into crisis management, managerial emergency and change or performance improvement projects.
Many disruptions have appeared following particular contexts, in particular the Covid-19 health crisis: a drop in the consumption of French people in care and therefore logically, health mutuals less and less in demand because of confinement.
These unexpected situations prompted the insurance sector to reshape its entire organization and implement new strategic solutions. This is when the mutual transition CEO, an expert in crisis management , comes into play.
What are the missions of the transition CEO in a mutual insurance company?
The missions of the Mutual Transition CEO are diverse.
➢ Taking charge of the complete management function: he organizes, modifies or implements strategies taking into account the current context (management and purchase of equipment, research into financing). The transition manager in the insurance sector manages the daily life of the structure as well as possible.
➢ Staff recruitment and management: management of skills and restitution of teams, facilitation of meetings.
➢ Control of the application of procedures and identification of areas for improvement. ➢ Administrative and financial management.
The expected profile of a mutual transition CEO
The interim CEO advises, organizes and structures a transition plan towards the continuity of the company’s strategic development. In order to manage the teams as well as the various projects as well as possible, the director of mutual transition must possess innumerable and important qualities.
To do this, he must have a great capacity for adaptation, whether externally with service providers or internally with his teams.
The complexity of the missions requires that the mutual transition CEO be rigorous , organized and methodical in order to coordinate the various projects as well as possible.
Communication is also an integral part of the typical profile of a healthcare transition CEO. He communicates transparently both within the team and externally.
What is the salary of an interim CEO?
For a one-time mission, the salary of a mutual transition CEO depends on several factors. It takes into account his professional experience, his level of qualification as well as the duration and complexity of the project. On average, a transition CEO can claim an annual gross compensation of between 70 and 100,000 euros .