Insurance: cost & revenue drivers + general knowledge

Question

cost structure Insurance Case

Recent activity on Mar 17, 2019

1 Answer

2.2 k Views

Anonymous A asked on Mar 17, 2019

Hello

I have no knowledge regarding the insurance sector.

I was wondering what are the revenue, fixed cost and variable cost drivers of an insurance company ?

I'm sure that there is a risk factor regarding the customers of policies, and the premiums they pay, but im not sure how to include them in my thought process because of my lack of general knowledge in this industry

Thanks in advance for your insights!

Overview of answers

Sort by:

Only show saved answers

Related Cases

Expert case by Ian

Hot Wheels

Unlock with Premium

Style:

Candidate-led (usual style)

Topics:

Competitive response , Growth strategy , Market analysis , Operations strategy , Profitability analysis

Rating:

4.6

Problem definition: Our client is Korean Car Parts (KCP), a multi-national original equipment manufacturer (OEM) of car parts based in Korea. They've recently seen a decline in profits and have brought us in to understand how to address this falling profitability. ... (Open whole case)

8.6k

Times solved

4.6

300+ Ratings

Intermediate

Difficulty

Expert case by Ian

YodaPhone

Unlock with Premium

Style:

Candidate-led (usual style)

Topics:

Operations strategy

Rating:

4.5

Our client is Yoda's Phones, a national telecommunications company. They have embarked on a three-year, multi-million dollar digitization program. Unfortunately, two years into the program, they realize they are significantly behind schedule and over budget.You have been brought in to right the ship ... (Open whole case)

6.7k

Times solved

4.5

< 100 Ratings

Intermediate

Difficulty

Expert case by Ian

Sky China

Unlock with Premium

Style:

Candidate-led (usual style)

Topics:

Capacity change , Competitive response , Growth strategy , Operations strategy , Organizational behavior , Profitability analysis

Rating:

4.3

Sky China, a government-backed Chinese airline, has recently seen profits plummet due to COVID-19. Profits are down 80% in the months of February and March, but are showing early signs of a rebound in April. They've brought you in to first investigate what can be done immediatedly to prevent he ... (Open whole case)

6.3k

Times solved

4.3

100+ Ratings

Intermediate

Difficulty

Expert case by Casper

Merger of two beer manufacturers

Unlock with Premium

Style:

Candidate-led (usual style)

Topics:

Competitive response , Growth strategy , Market analysis , Mergers & Acquisition , Operations strategy , Restructuring

Rating:

4.4

Our clients are two beer manufacturers from a well-developed country who just decided to merge. We can call them Company A and Company B. The decision about the merger has already been taken and our clients are certain it will soon be approved by regulators.What is expected from you is to help ... (Open whole case)

5.9k

Times solved

4.4

< 100 Ratings

Advanced

Difficulty

Expert case by Agrim

BoxxFitness Gyms

Unlock with Premium

Style:

Interviewer-led (McKinsey style)

Topics:

Profitability analysis

Rating:

5.0

Our client is the CEO of BoxxFitness - a leading gym chain in the US with over 1,500 gyms. BoxxFitness is a premium gym concept with an annual membership fee that is 2-3x higher than most mainstream gyms. Each gym has a limited number of membership slots. Each member gets a dedicated locker, unlimit ... (Open whole case)

2.0k

Times solved

5.0

< 100 Ratings

Intermediate

Difficulty

Answer 1

Best answer

Vlad

Expert

Content Creator

replied on Mar 17, 2019

McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

Pls download several annual reports of the top insurance companies. You'll find all the required information there and even more.

Best

Was this answer helpful?

1

B on Mar 19, 2019

what about industry projections? where can we find those?

Insurance: cost & revenue drivers + general knowledge

Overview of answers

Related Products

5 sessions package with Vlad

Related Cases

Hot Wheels

YodaPhone

Sky China

Merger of two beer manufacturers

BoxxFitness Gyms

Similar Questions

Where and how to include Initial investment costs in (cost or profit comparison)

Cost structure: should I always use fixed cost vs. variable cost?

Insurance Cases

Related Products

5 sessions package with Vlad

Similar Questions

Where and how to include Initial investment costs in (cost or profit comparison)

Cost structure: should I always use fixed cost vs. variable cost?

Insurance Cases