market analysis and business advisory

We have consulted to a number of large insurance groups on their proposed entry into various life insurance markets. These include entrance into international insurance markets and expansion into new sectors of their domestic insurance market. Entering into an insurance market requires extensive market research and business plan development. It is therefore imperative that an insurer planning an expansion into a new market makes use of the best expertise available in this regard. Our experience in carrying out due diligence exercises in South Africa and the rest of Africa places us in an ideal position to provide the expertise required.

We are able to assist in particular aspects of business development, which includes landscaping of financial markets and the development of market entry strategies. We advise on product development and product distribution strategy.

We are acutely aware of the practical aspects of setting up a new insurance operation, which includes consideration of the following:

• the life company's operations, systems and business processes
• the development of a business plan
• the requirement to apply for an insurance licence, involving the submission of business plans as well as supplementary information required by the regulator