Hi everyone, just going through McK interviews - had a question around brainstorming new products for an insurance business - couldn't think of any really good or creative ideas here, as my understanding of insurance businesses was pretty straightforward... Does anyone have any good ideas here?
Verabrede dich zum Casen über das Meeting-Board, nimm an Diskussionen in unserem Consulting Q&A teil und finde gleichgesinnte Interview-Partner:innen, um dich auszutauschen und gemeinsam zu üben!
Zurück zur Übersicht
8
6
0
42
64
84
New products for Insurance Business
3
3,7k

Schreibe die erste Antwort!
Bisher hat niemand auf diese Frage reagiert.
Beste Antwort
Hi!
I am not expert, and maybe some of my contributions are not new, but just wanted to contribute. In addition to suggestions of others, I would think of two different buckets:
1. Businesses to leverage the capabilities of an insurance company:
- Data analysis: insurance companies record a lot of data (e.g. for a car insurance, car model, driver age, location, driven miles per year, frequency of accidents) that could be sell to third companies.
- Private investment fund: insurance companies have expertise on investing.
2. Businesses to reduce weaknesses of the insurance company (basically to reduce claims/costs):
- Private security
- Maintenance services
- Repair services
0 Kommentare

Vlad
bearbeitet am 17. Apr. 2018
Coach
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Hi,
Think of the digital and emerging businesses:
- Insurance for AirBnb hosts
- Insurance for Uber drivers / passengers
- Insurance for Tech / cybersecurity issues
Also, think of the new ways to provide insurance:
- Shared insurance
- Usage-based insurance
- Insurance for niche segments (frequent travelers, extreme sports, etc)
Best!

Anonym A
am 17. Apr. 2018
Thanks mate! very creative / good ideas
If the interviewer was looking for businesses outside insurance though, does anything come to mind? I suppose credit card tie ups would be one..
Ähnliche Fragen
Consulting
Just did the Mckinsey Solve Game (January 2025) - got some questions/insights
am 24. Apr. 2025
Global
5
4,0k

Beste Antwort von
Hagen
Coach
#1 recommended coach | >95% success rate | 8+ years consulting, 8+ years coaching and 7+ years interviewing experience
5 Antworten
4,0k Aufrufe


+2
Consulting
McKinsey background check
am 31. Mai 2024
Global
10
3,0k

Beste Antwort von
Anderson
Coach
Ex-McKinsey |5y consulting experience | Specialization in Psychology | Proven holistic mentor
10 Antworten
3,0k Aufrufe


+7
Consulting
McKinsey PEI - Same incident/story for Courageous Change and Inclusive Leadership
am 28. Mai 2024
Global
7
2,8k

Beste Antwort von
Hagen
Coach
#1 recommended coach | >95% success rate | 8+ years consulting, 8+ years coaching and 7+ years interviewing experience
7 Antworten
2,8k Aufrufe


+4
Verwandte Artikel
Verwandtes Produkt

McKinsey Solve Game Simulation Package
Verwandter Case
BCG Case Style - Online Groceries [NEW]
5,0
9,8k mal gelöst
Fortgeschritten
Candidate-led
Ähnliche Fragen
Consulting
Just did the Mckinsey Solve Game (January 2025) - got some questions/insights
am 24. Apr. 2025
42
5
4,0k
Consulting
McKinsey PEI - Same incident/story for Courageous Change and Inclusive Leadership
am 28. Mai 2024
84
7
2,8k