Hello Jacopo! Thank you so much for your valuable input. Actually, this is a case, which needs to be prepared in advance and sent out right before the interview. I am training on this one to prep as good as I can. I am struggling a bit in structuring the whole thing. It should be a ppt presentation for an upcoming board presentation to explain/defend the value potential of digital and give the executive board enough information to decide on implementing this project/new product launch or not. So this is no real-time solving case but we are allowed to do research in advance and use internet for the case. In the case, they gave the information as well that the timeline of the project is 2 phases of 7 weeks each. So I assume I need to prepare the implementation plan as well. The ppt presentation should go for 20min. Focus is on proposing a digital business model for a mobile insurance, which aims to create a desirable customer experience. I am not sure about sizing the market potential in Germany, how to calculate it? How to disrupt the insurance value chain and create value through digital? How can I quantify the revenues/profit from this launch (cost-benefit study? Break-even analysis?) ? Your ideas are very welcome and if you happen to know of a good similar digital case, please share :)

Hi Mamouna, I am struggling a bit to understand the goal of this case but from what I understand, you should create an approach for the project to be covered during phase 1 and 2 (rather than an implementation plan which is probably the end goal of a real project ). Having said that, I would structure the approach in two parts: 1. Confirm potential, size the online insurance market and identify high potential insurance categories – here I would show how you size the online market, identify the ‘product categories’ to be addressed (e.g. home, car, electronics,…) and what sources of information you would use (e.g. GDV if you are looking at Germany, competitive benchmark, number of insurance related searches on Google, pricing benchmark,…) 2. Define entry strategy – once you have confirmed the potential for online insurance and identify what product categories to launch first, in this section of the approach you should define how the client is going to launch and position regarding online insurance (this is basically an entry strategy) I hope this helps, Jacopo

Hi Jacpo! this absolutely helped! thanks a lot! If possible, i would be even more grateful if you can guide me through a critical part. The client's goal is business growth. Now I have gathered some data about impact of implementing technology A and B on cost and efficiency. Is it possible to quantify the revenues and profit generated from launching, let's say a digital car insurance product. I am struggeling with how to even structure. PS: online market for car insurance has been estimated. How to tacke the quantitative part of business growth by introducing this new produvt? much appreciated!

Hi Mamouna, I would calculate that by dividing the planned marketing investment and the average acquisition cost per customer. For instance, if acquiring a customer costs 40euros and you are going to spend 40,000euros in marketing you would get 1,000 customers (with this information and the average spend per customer you would get the figure you are looking for). How do you calculate your acquisition costs? You can make educated hypothesis by using Google Adwords Keyword Planner and Google Adwords industry benchmark. For instance, let’s assume that you are only going to invest on paid advertising on google. Given that the cost per click in Germany for insurance car products is around 2euros and that the Conversion Rate for that type of product is around5%, you will need 20 clicks to sell 1 insurance (1/5%=20). Generating 20 clicks will cost 40euros (20x2euros cost per click). Hence your acquisition cost is 40euros. If you are forecasting your sales also for year 2, you will have to consider that you will have at this point returning customers (at zero acquisition cost because you had already acquired them). Hope this helps, Jacopo

Hi Anonymous A, If you are fascinated in getting to know extra about digital business fashions and mobile insurance, you would possibly discover this hyperlink helpful: https://www.under30ceo.com/modern-mobile-app-development-challenges/ The article discusses a mobile insurance case in Germany and explores how a company can use digitalization to disrupt the insurance value chain and create value through new products and strategic partnerships. It also touches on the importance of customer experience and data collection in this industry. In terms of answering your specific questions, I agree with the previous answer that it would be important to consider customer segments, product design, pricing and underwriting, distribution, admin and claims management, and competition when assessing the potential for a mobile insurance brand in Europe. The article I linked above might provide some useful insights in these areas. As for market attainable in Germany, you would possibly choose to think about elements such as the measurement and increase charge of the insurance plan market, the degree of digital adoption amongst consumers, and any regulatory limitations that may want to have an effect on the launch of a new mobile insurer. I hope this helps! Good luck with your case.