Oliver Wyman

In this episode of Reinventing Insurance, Ben Simpfendorfer from the Oliver Wyman Forum joins our host, Paul Ricard, to discuss Asia’s role in a rebalancing world and the megatrends that are shaping the future of insurance. Based in Hong Kong, Ben brings over 25 years of experience working in Asia and the Middle East, and has extensive knowledge ofthe local markets. He is a regular commentator on Bloomberg and CNBC and a key opinion leader on LinkedIn with over 440,000 followers. As the world continues to evolve in this uncertain economic and geopolitical environment, insurers must be proactive in adapting to supply chain impacts, demographic shifts, and theneed for technological advancements. Remaining agile and embracing innovation is crucial for capturing new markets and addressing the diverse needs of consumers across Asia. In this episode, Paul and Ben share their perspectives on: <ul><li>The collision of mega trends, supply chain shifts, and emerging markets for insurers in Asia. </li><li>The Gen Z factor, demographic change, longevity, and the aging population offer insurance opportunities for new product and service offerings.</li><li>The increase in mergers and acquisitions, and partnerships within the insurance industry.</li><li>Climate change, the green energy transition, and the need for adaptation and resilience.</li><li>Moving towards a transformation-led approach to generative artificial intelligence (AI). </li></ul>

As an Oliver Wyman Partner based in Hong Kong, Ben Simpfendorfer is part of the Finance and Risk Practice and leads Oliver Wyman Forum’s initiatives in Asia. He drives data analytics solutions for clients across Asia.

Based in Hong Kong, Ben brings over 25 years of experience working in Asia and the Middle East, with extensive knowledge of the local markets. He is the former CEO of Silk Road Associates, which has now joined forces with Oliver Wyman. While in that role, he advised Fortune 500 multinationals and leading Asian firms on their commercial strategies in China, Southeast Asia, the Middle East, and Africa, and advising CEOs and executive boards worldwide.  

Ben is a leading expert on China’s Belt and Road Initiative (BRI). He is also a member of the Middle East Advisory Group at the Financial Services Development Council, a high-level, cross-sectoral advisory body established by the Government of the Hong Kong Special Administrative Region. Additionally, Ben is a board member of the Pacific Basin Economic Council and has previously held positions as an executive committee and board member of the American Chamber of Commerce in Hong Kong.

Recently, he published a refreshed edition of “The New Silk Road,” which highlights the rapidly growing economies of Asia and the Middle East. Additionally, he authored “The Cities Shaping The Future,” an index that ranks the business attractiveness of 1,500 cities across Asia, Africa, Latin America, and the Middle East.

Ben speaks Mandarin and Arabic. He is a regular commentator on Bloomberg and CNBC and a key opinion leader on LinkedIn with over 440,000 followers.

https://www.oliverwyman.com/our-culture/our-people/ben-simpfendorfer.html

Ben Simpfendorfer

Partner and Asia Pacific Leader, Oliver Wyman, Forum

Paul Ricard is a Partner and Head of Asia Pacific Insurance and Asset Management at Oliver Wyman. Based in Singapore, Paul works closely with businesses to reinvent their strategies, products, and services — and to fuel top-line growth opportunities.

Paul works with clients across Asia Pacific, as well as the Americas and Europe. He regularly partners with firms to reinvent their business strategy, rethink their priorities, and to modernize their technology while accounting for rapidly changing customer needs. He understands his clients’ realities, and thrives on helping them innovate and strengthen relationships with their customers while factoring existing challenges.

Partner, Head of Asia Pacific Insurance and Asset Management at Oliver Wyman

Paul Ricard

Episode 21:  Asia In A Rebalancing World, A conversation With Ben Simpfendorfer, Oliver Wyman Forum Asia-Pacific Leader

In this episode of Reinventing Insurance, Ben Simpfendorfer from the Oliver Wyman Forum joins our host, Paul Ricard, to discuss Asia’s role in a rebalancing world and the megatrends that are shaping the future of insurance. As the world continues to evolve in this uncertain economic and geopolitical environment, insurers must be proactive in adapting to supply chain impacts, demographic shifts, and the need for technological advancements. Remaining agile and embracing innovation is crucial for capturing new markets and addressing the diverse needs of consumers across Asia.

Based in Hong Kong, Ben brings over 25 years of experience working in Asia and the Middle East, and has extensive knowledge of the local markets. He is a regular commentator on Bloomberg and CNBC and a key opinion leader on LinkedIn with over 440,000 followers.


Oliver Wyman Reinventing Insurance Podcast

Oliver Wyman Reinventing Insurance

Customers' needs are changing and so are the rules of the game. The Reinventing Insurance Podcast by Oliver Wyman uncovers the latest growth and digital opportunities for insurance leaders today. Join Paul Ricard for interviews with industry change makers, thought leaders, and insurtech players. We discuss the biggest challenges and forces reshaping insurance and help businesses reinvent their strategy, operations, and relationships with customers. We explore themes and reflections on building a modern insurance business, leveraging customer insights, demystifying design thinking, becoming a digital insurer, thriving with commerce and super apps, best practices for partnering with insurtechs, and elevating your technology stack. About Oliver Wyman: Oliver Wyman is a global leader in management consulting and a business of Marsh McLennan [NYSE:MMC]. We work with clients to optimize their business, improve operations and risk profile, and accelerate their organization to seize the most attractive opportunities. Subscribe to the Reinventing Insurance Podcast and learn more by visiting Oliver Wyman's website: www.oliverwyman.com/reinventinginsurance