An insurance company looking for support in C-suite succession planning

CONTEXT

A listed insurance company, addressing broad change management activity, wanted to increase awareness of its organisation and strengthen its internal succession pipeline.

APPROACH

• Identification of key positions to be reviewed for succession planning purposes
• Assessment interviews with incumbents of each key position and potential successors
• Preparation of a risk management dashboard
• Analysis of the pipeline, to assess the mix of competencies and experience and readiness to cover the role

OUTCOME

• An overview of the succession risk to have key positions vacant and a related recovery plan
• Deep analysis of the potential and experience of the executives and the firm’s internal pipeline
• Individual development plans as a tool to support next generation leaders for key roles