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Our Services
Platform & Technology Strategy
You Only Want The Best Things For Your Customers, Your Intermediaries, Your Employees. We Do Too. Platform And Technology Strategy: Seamless Simplification.
We only can be as productive as our processes and platforms allow us to be. Manual processes and interactions across the value chain can be limiting when it comes to scaling business operations across the entire organization. To unfold efficiency and productivity a comprehensive platform and technology strategy is necessary, especially in the insurance space where various interactions are still manual or at least a good part of it is not automated or streamlined.
Thoughthaus identifies gap and optimization areas and uses these to build an application strategy meeting the demands of the market across the stakeholders involved. Let it be a platform for insurance agents or intermediaries to better quote and issue policies, track and manage their leads and prospects, a simplified API marketplace for potential B2B2C partnerships, a lean and straight-through B2C platform or workflow solutions for employees – we understand the needs and translate them into workable solutions and make sure we can drive the change within your organization. No rocket science. A seamless simplified approach across applications to help you become more efficient, leaner, and more successful.
IT Architecture Transformation
Digitization As A Business Goal Often Translates To Transformation Of Existing IT Architecture - To Promote Innovative Solutions For Business Challenges. IT Architecture Transformation As A Comprehensive IT Strategy.
Many businesses realize the need for their organizations to launch comprehensive transformation programs covering different aspects – and for good reason. But redesigning processes and re-thinking operational landscapes, cultural adjustments catered for a fast-paced market environment – all these aspects strongly demand for a comprehensive IT strategy which – with always no exception – translates into IT architecture transformation. But what does that mean and how can the challenge be met – change the traditional and often slow legacy IT setup while not jeopardizing the business’ success?
Thoughthaus takes the status quo and analyzes the current state of application landscape, existing regulations with regards to data privacy and IT security standards and matches business goals with a potential future IT landscape – and outlines a strategy how to get there. This can vary across migrating from a heavy insurance backend system to cloud-based services, adoption of artificial intelligence (AI) and machine learning (ML), advanced analytics and big data, implementing robotic process automation elements and establish a simple and easy-to-use micro-services-based architecture and to goodbye a complex multi-layered application and service landscape. This comes together with setting up a mindset across the entire organization that IT is more than just as a business enabler – it is a key driver of business success – and in a more “digitized” world IT carries the heavyweight across pace, success, adoption, and satisfaction.
Expansion. Stability. Market Share - All Of It Today. Patience And Outlook Are Key – An Approach Across Iterative Thriving. A Comprehensive Corporate Strategy To Meet Market Demands And Business Goals.
The battle between short-term returns and sustainable long-term strategic goals tend to confront organizations with an everlasting challenge. It can be difficult to find the balance between gaining market share, maintain profitability and don’t loose track of market trends. We help insurance companies to break-down their goals in an iterative framework to strengthen their strategy-development process, identify better decisions and translate them into realistic measure and actions.
​Thoughthaus helps executive managers and their teams across insurance organizations to look outside of the box and identify what really matters besides challenging timetables and cosmetically beautified reports and management presentations: valuable actions. Actions which drive value for the company are our key focus. We understand the insurance markets with our team of experts and do apply experiences across many different industry pillars and best practices to sharpen your approach. Let it be potential M&A transactions to gain more market share, repricing strategies to improve profitability or branding approaches to really put your organizations’ brand out there – we help to drive actions to gain value. Sometimes we have to be bold to gain grounds, sometimes we have to risk to win. We’re here to help.
Envision The Strongest Ownership, Strongest Dedication, Strongest Teamwork With Vision. A Cross-Organizational Cultural Journey To Sustainable Success.
Fast-paced environments and constant change challenge organizations to compete with these and adjust on the fly. It is not always easy to find the right organizational setup to ensure ownership and motivation across stakeholders and very important – to meet the markets demands to keep growing. Agile, semi-agile, tribe and squads, matrix, and low-hierarchy models – what is the right one for you?
We do understand the challenge of a clash of traditional setups ad distribution channels with younger workforce and more flexible work environments combined with stakeholders’ intention to realize their goals and be directly linked to value-creation – we truly understand. And we can support translating your organizational goals and characteristics and link these to your success attributes and paint a picture of your future high-performance organization. For sustainable growth and success, for fast-paced environments and quick responses and for a satisfied and self-motivating organization.
Grow – To Increase Local Footprints And Market Share, To Be In A Pole Position To Absorb Future Market Changes And Establish New Paths For Business Success.
Strengthen organic distribution channels, plan strategic new growth routes, and explore M&As. Different markets require different strategies and tactics to tackle them and achieve reasonable growth. Based on the organizations’ goals growth can be enabled in different ways such as through internal channels, strategic partnerships or new ways of business, internal resources or exploring the market and acquire companies which add different angles of business creation.
Sometimes all of these initiatives do have a certain position across the growth race but do have different priorities pending the current company’s’ status, market environment influenced by macroeconomics. Thoughthaus analyzes the status quo and the desired future goals of the company and outlines a strategy across distribution and its channels together with your team or even helps in identifying potential acquisition targets and runs a business due diligence across those. For us, it is important that these strategies are “owned”, that is why a strong collaboration is key to build a future framework for sustainable growth across your organization.
Straight-Through, Automated, Lean, And Efficient: Simple Solutions Are Sometimes The Best Short-Term, But Are They Sustainable? Redesigning Processes And Operations Across The Entire Insurance Value Chain With A Twist.
Despite constantly faced with market enforced cost reductions, price wars and efficiency struggles, insurance organizations tend to keep the status-quo as long as possible. The appetite to drill down and identify improvement areas to redefine processes and operations usually comes with an immediate urge of change based on a shift in market dynamics. But is that necessary – do we always have to wait until external events force us as organizations to change to achieve better process and higher efficiency?
We at Thoughthaus believe redesigning processes across the insurance value chain is key, let it be how to handle claims management, identifying underwriting optimizations as a recurring process or automated workflows across policy management or customer interactions – there are so many ways how to transform the organization and make it more efficient. For better turn-around times, customer satisfaction and lower cost per policy. We apply comprehensive experiences and thought-through solutions with sustainable approach to shape your processes and operations for today and for the future.