Thought Lab

When a successful brokerage focused on large commercial accounts purchased a shell company to start writing business through their own risk-bearing Insurance company, they needed a new target operating model to relaunch operations and a new core technology platform to run the business.

They partnered with the Bonko Labs team to design their operations, select their policy/billing/claims platform, and select the back-office finance platform.

The Bonko Labs team, partnered with other vendors, successfully led this startup Insurance company to full operational readiness and +$5MM in premium in less than a year.

When a $2B monoline Workers Compensation insurer needed a multiline expansion strategy to prepare for the launch of new products and planned expansion with additional MGA partnerships, their first decision was to get Bonko working on developing the strategy in close collaboration with the executive leadership teams from several of their high growth lines of business.

The Bonko team and executive leadership together conducted current and target business analysis to support a multiline expansion strategy that included a product launch roadmap, several new product prototypes, all integration with existing growth plans.

The strategy delivered profitable revenue growth exceeding expectations during first year of implementation.

When a regional farm bureau mutual insurer finalized longer term strategic planning, their decision was clear that enabling the launch of 5 new products needed for critical market growth an upgraded core platform was required.

They partnered with the Bonko Labs team to lead both the upgraded policy/billing/claims platform and in parallel the implementation of 5 new products.

The upgraded platform with the new products went live on schedule, providing the strategic foundation needed to achieve this mutual insurers business objectives.

When a $10B specialty commercial insurer committed to an operational effectiveness strategic initiative focused on automation and operating cost reduction, they quickly identified a need for operating model innovation and core capability refresh. Specifically, underwriting was the area targeted for a future-looking innovation strategy.

The Bonko team went to work creating a future of underwriting capability model with technology roadmaps and emerging technology selections prioritized for highest impact areas of business growth.

Feedback from LOB leaders indicated an improved confidence in future growth based on a solid innovation foundation.