See what Blackstone Credit and Insurance’s Gilles Dellaert has to say about how things are going since his company took the unusual move of combining its corporate credit, asset-based finance, and insurance businesses into a single unit. In our latest article, McKinsey’s Ari Libarikian, Andrew Reich, and David Schoeman ask Dellaert about Blackstone’s decision to combine the businesses, its capital-light philosophy, the state of the insurance industry, and what he thinks of private asset managers getting into the insurance game. Read “Gilles Dellaert on private credit, insurance, and leadership” to get the details. https://mck.co/3ZOGGdc #mckinsey #insurance #privatecredit #financialservices
McKinsey Financial Services
Financial Services
New York, NY 9,083 followers
We cover the full spectrum of global financial services
About us
Our global experts cover the full spectrum of financial services.
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http://www.mckinsey.com/industries/financial-services/how-we-help-clients
External link for McKinsey Financial Services
- Industry
- Financial Services
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- 10,001+ employees
- Headquarters
- New York, NY
Updates
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In our latest episode of Talking Banking Matters, we hear from Pedro Silva, the CEO and cofounder of the embedded finance platform Alviere. Embedded finance is one of the fastest-growing areas of financial services and e-commerce globally, yet it is still a nascent concept. We talked with Pedro about the opportunities involved with brands offering embedded finance services to their customers. Read the transcript or listen to the episode on your preferred platform: https://bit.ly/3OYPBU1 #talkingbankingmatters #fintech #embeddedfinance #financialservices
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Banks everywhere are grappling with the challenge of scaling AI and gen AI to derive their full transformative power. In our latest article, McKinsey authors Carlo Giovine, Larry Lerner, Renny Thomas, Shwaitang Singh, Sudhakar V Kakulavarapu, Violet Chung, and Yuvika Motwani offer a blueprint to help services leaders chart the complex path of extracting at-scale value from AI across the enterprise. Get the details by reading “Extracting value from AI in banking: rewiring the enterprise” https://bit.ly/3Dhyx9b #McKinseyInsight #Banking #GenAI #NeverJustTech #FinancialServices
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>90% of companies run in some form a digital transformation. Yet, only ~30% see the full economic benefit expected come through. Especially in insurance, McKinsey & Company research shows that productivity levels have been flat. At this week's Insurtech Insights conference in Hong Kong I discussed with an esteemed panel of business and technology leaders about how to capture the full benefit from digital transformations. Special thanks to panelists Sue Coulter, David Broom, Michael Kwan Yu Chan and Chris Iacovou for a rich discussion. 4 main take-aways I want to share: 1. Be clear upfront about the business and operating objectives, the scope and tangible business KPIs. 2. Be holistic and integrative in how you run the transformation: defining clear business-ownership overall, integrating of all capabilities in one team, staffing the right people, creating the right mindset and shaping a fast pace, empowered way of working. 3. "Rewire" all parts of the business to make full use of innovation. This includes talent, operating model, definition of business outcomes, underlying data, and of course technology. 4. Craft a journey to scale, always being "relatable" for customers and staff to follow the change in customer experience, new offerings and new workflows.
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In our latest episode of Talking Banking Matters, we hear from Nathan Bostock, a banking industry veteran who has led transformations at Santander UK and at RBS. Listen in as he speaks with McKinsey’s partner Basab Mitra about what C-suite leaders should consider when approaching such initiatives. Listen to the episode or read an edited version of the interview here: https://mck.co/4fZg5Rr #McKinsey #TalkingBankingMatters #Technology #Banking #FinancialServices
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Discover how generative AI is reshaping the insurance industry in the latest episode of the McKinsey on Insurance podcast. Recorded live from the ITC, annual insurance conference in October 2024, McKinsey senior partner Tanguy Catlin and Matthew Cooke, global director of marketing and communications for Financial Services Practice, dive into the transformative potential of AI technologies. Explore the future trajectory of the industry, innovative strategies to stay competitive, and practical ways to harness AI for creating value. Don't miss out on this insightful conversation: https://mck.co/4fVk8OI #Insurance #FinancialServices #genAI #Innovation #NeverJustTech
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Although recent years have been successful, retail banks now face rising costs, shrinking margins, and shifting customer expectations. Our latest report offers actionable strategies to address these challenges. Read "The state of retail banking: Profitability and growth in the era of digital and AI" report: https://mck.co/3CY5EPl Amit Garg, Marti Riba, Marukel Maxwell, Max Floetotto, Oskar Skau, Matic Hudournik #McKinseyInsight #RetailBanking #AI #Banking #FinancialServices
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Reflecting on the Global Insurance Forum in Miami last week, we were honored to engage in a unique, cross-sector platform for the insurance community and gain insights from international industry leaders. The event provided an invaluable opportunity to explore insurance innovation and discuss the industry's future. Eleonora Sharef, partner at McKinsey, and Shannon Varney, partner and head of North America Commercial Insurance practice, led insightful panel discussions on cultivating talent in a tech-forward landscape and visualizing the future of insurance. Pradip Patiath, senior partner at McKinsey, delivered a compelling presentation during the IIS Executive Council session. We continue our work on empowering our clients to unlock value and drive the future of insurance. Discover the insights we shared during the conference and share your thoughts with us. ➡️ Increasing your return on talent: The moves and metrics that matter: https://mck.co/3Zu32Sf ➡️ Private capital in insurance 2.0: Building the flywheel: https://mck.co/415FBjn ➡️ Shiny objects: Insurance productivity in an era of AI and automation: B. https://mck.co/3Zr4owZ ➡️ Reimagining insurance with a comprehensive approach to gen AI: https://mck.co/4ie5OlJ Special thanks to our fellow panelists: Tim Rozar, Reinsurance Group of America, Incorporated; Edward Moncreiffe, HSBC Group; Andrew S. Robinson, Skyward Specialty Insurance Group; and Taryn Tirrell, Liberty Mutual Insurance. #GlobalInsuranceForum #McKinseyInsight #Insurance #FutureofInsurance #Innovation #NeverJustTech #FinancialServices International Insurance Society
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Join us for an insightful episode of McKinsey on Insurance featuring Vincent Tizzio, President and CEO of Axis. Vince dives into the evolution of the insurance industry, shares a unique leadership perspective, and explores how resilience and technology are shaping the future. Whether you're an industry veteran or new to the field, this conversation with McKinsey's Insurance practice leader, Ari Libarikian, is packed with valuable insights you won't want to miss: https://mck.co/4eLyRdt #Insurance #Resilience #McKinseyOnInsurance #Podcast #AIinInsurance #TechTransformation AXIS (AXIS Capital)
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Generative AI is set to revolutionize today’s business models and operations, including enabling entirely new ways of creating and delivering insurance products. In this blog post, we look at six key traits that leaders in generative AI adoption are doing—and doing right. Read the full insight by Carlo Giovine Khaled Rifai Phil Hudelson Priti Joseph Ramzi Elias and Sid Kamath: https://mck.co/4fXTEeQ #McKinseyInsight #Insurance #genAI #FinancialServices #NeverJustTech
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