We are all about operational strategy.

Insurance & Financial Services

Improving operations and customer experience across the financial and insurance sectors.

LSI helps insurers and financial service providers improve performance across their operations. We focus on practical solutions that bring accuracy, efficiency and control to every stage of the value chain. By combining analytical insight with hands-on delivery, we work alongside leaders and teams to turn strategy into operational reality.

Every engagement focuses on measurable outcomes, stronger capability and lasting value. We help insurers and financial providers strengthen their partnerships and products to drive growth, margin and customer trust.

Understanding The Challenge

Financial and insurance organisations face growing pressure to deliver faster, fairer and more consistent service while managing cost, risk and compliance. Manual workflows, rising reinsurance costs driven by the increasing frequency and severity of natural catastrophes, and shifting customer expectations make it difficult to balance performance, accuracy and efficiency.

At the same time, insurers are adapting to structural shifts across their ecosystems such as embedded distribution, digital intermediaries and the need for leaner, more resilient operations. These changes demand clearer partner economics, faster product development and disciplined margin control.

LSI partners with organisations to bridge this gap. We help simplify operations, clarify accountability and strengthen decision-making across complex environments. With experience spanning distribution, underwriting, servicing and support functions, we understand both the human and system sides of change. Our work helps organisations simplify complexity, strengthen compliance and build a culture of performance.

Common Challenges We Help Solve

Across the financial and insurance sectors, we often help clients address challenges such as:

  • Operational inefficiency and cost leakage that erode performance and profitability.
  • Long cycle times and manual workarounds that slow customer response.
  • Partner and intermediary networks that underperform or reward volume over value.
  • Gaps in performance measurement and accountability that restrict improvement.
  • Disconnected systems and limited visibility across business functions.

How We Work In This Sector

Our work follows LSI’s Diagnose → Design → Deliver approach, ensuring every recommendation leads to practical, measurable improvement.

Each engagement is built around clarity, collaboration and results that last beyond the project.

1.

Diagnose

We analyse operating models, partner ecosystems and performance data to identify structural constraints and improvement opportunities. Reviews combine operational analysis, stakeholder engagement and data insight to uncover the true drivers of performance.

2.

Design

We co-design solutions with client teams, aligning structures, roles and processes to strategic, operational and customer outcomes. Insights are translated into practical models that connect people, process and technology such as redesigning product development flow, partnership models or business processes.

3.

Deliver

We stay involved through implementation, supporting delivery and capability transfer to ensure sustainable improvement. Our work often delivers measurable improvements in margin recovery, ecosystem productivity and operational resilience.

Where We Create Value

Our work spans five key opportunity areas for insurers and financial providers:

  • Building operational resilience and simplifying legacy environments.
  • Restoring margin and reducing cost leakage.
  • Modernising product development and governance.
  • Improving ecosystem productivity across intermediaries and partners.
  • Redesigning embedded distribution models for shared success.

These are the levers that deliver sustainable performance and customer value across today’s financial and insurance landscape.

Our Impact In Action

Our work in the financial and insurance sectors delivers measurable improvement in operational performance and customer outcomes.

Performance and Margin Review

LSI worked with a leading insurer to assess operational cost structures and identify process and system leakage. The redesign restored margin, reduced duplication and improved service outcomes across the business.

Improving Customer Retention Outcomes

We supported a national insurer to assess the effectiveness of its customer retention activities, identifying opportunities to strengthen loyalty and reduce lapse rates. Insights informed a new retention strategy that increased engagement and improved retention outcomes.

Optimising the Advice and Distribution Process

We worked with a bank-partnered insurance channel to streamline the advice and distribution process, improving customer experience and compliance outcomes. The redesigned model improved efficiency, transparency and alignment across both partners.

Streamlining Product Development

We improved the product development process by introducing clear governance, stronger ownership and end-to-end project management. This created clearer priorities, faster speed to market and more effective collaboration to deliver products that better meet customer and business needs.

Large Scale Event Management

LSI has supported the insurance industry through numerous large-scale event response activities including the Christchurch earthquakes and the 2023 weather events, working with both insurers and government agencies. Our experience extends across planning and delivery processes, future event planning, repair and recovery strategies, supporting delivery programmes and third-party management.

Case Studies

Proven success: Real-world results from our clients

There are currently no Case Studies assigned to this Sector.

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Not seeing your sector?

Our expertise transfers easily across industries. We help organisations improve how services are delivered, how teams work and how operational decisions are made which means we can add value wherever performance and customer outcomes matter.

Ready To Strengthen Your Operations?

Looking to improve performance, recover margin or redesign your partner ecosystem? Talk to us about your operational challenges.

We would love to hear about what you are working on. Tell us a bit about your organisation and the challenge you are looking to solve.