THE NEED

The insurance industry continues to face significant challenges. Fierce competition, consolidation, mergers and increased government regulations place more and more pressures on profit margins. Several financial institutions have begun integrating insurance and banking and developed “best practices” models for the merged firms, while challenged to do more with fewer resources.

THE SOLUTION...REAL EXPERIENCE

LoBue is an international consulting firm serving the insurance and financial services industry. LoBue works with companies to implement their strategy and find optimal solutions to satisfy customers, increase operating efficiency and maximize profit margins. We have worked with leading insurers in healthcare, property and casualty segments. LoBue has special expertise in claims processing, retirement products and in the optimization of Contact Centers.

REAL RESULTS

LoBue had provided numerous companies with on-time, on-target, measurable and reliable results in the insurance sector. A leading healthcare insurer for the past decade was experiencing significant cost increases without the realization of corresponding revenues. LoBue re-designed their administrative, human resources, facilities management, legal and finance operations, reducing expenses by over $100 million.

LoBue was hired by a consortium of 35 of the largest healthcare insurers to facilitate the adjudication of asbestos related claims. We had built and independent facility (a non profit subsidiary) from the ground up, staffed it by approximately 200 professionals, designed the in-house processes and built the supporting accounting systems.