Insights from The Lab

Lean Principles in Insurance

Category: Lean Principles in Insurance

By The Lab Consulting Business Intelligence Services Finance Finance Process Improvement Finance Transformation Hospital Finance Management Lean Finance Function Lean Financial Services Lean Management Lean Principles in Insurance Lean Six Sigma Projects for Finance and Accounting Lean Transformation Process Improvement February 3, 2018
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Lean Six Sigma Projects for Finance and Accounting Transformation: Examples of Top Financial Services Operations

Our previous article in this series shone a spotlight on the lean six sigma finance transformation challenges in the fiercely competitive world of retail operations. This article zeroes in on an equally high-pressure environment: Retail investment management. The Lab has extensive experience in this realm, helping firms from regional players to top-five global powerhouses. The …

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By The Lab Consulting Finance Finance Process Improvement Finance Transformation Insurance Lean Finance Function Lean Insurance Lean Management Lean Principles in Insurance Lean Transformation Operational Efficiency Reduce Insurance Loss Ratio Reducing Insurance Operating Costs February 2, 2018
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Finance Transformation with Lean Principles for Insurance CFOs

Our last blog article discussed the challenges of lean finance management transformation in hospitals. In this article, we’re sticking to the topic of lean finance transformation. But we’re changing the venue to insurance. Are there more similarities than differences? Read on, and decide for yourself. Finance transformation with lean principles and the CFO in the …

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By The Lab Consulting Cost Reduction Cost Reduction Strategies Insurance Lean Insurance Lean Principles in Insurance Reduce Insurance Loss Ratio Reducing Insurance Operating Costs January 15, 2018
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Lean principles in insurance: Insurance process improvement with a Lean Six Sigma Transformation Project

If you’re running a life insurance business, there are only so many operating costs you can cut, right? Or there are only so many productivity gains you can wring from the resources you have left, right? Wrong. The very notion that you have to choose between reducing insurance operating costs and increasing productivity is what …

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