ALAIKA Advisory

🎉 All Aboard at ALAIKA Advisory! 🎉 At ALAIKA, we aim to connect our various networks in exciting formats, and we were thrilled to host a group of top business students, TUMfast members, industry executives from our start-up & corporate network, and our ALAIKA colleagues last Sunday for our first Summer Rafting Event. Building connections both on a professional and personal level in true ALAIKA HQ style: Dirndl, Lederhosen and a Bavarian Biergarten 😎 A huge thank you to all attendees and Yanis Luca Gamarra for supporting the partnership with TUM Finance and Accounting Selected Talents (TUMfast) for the event! Check out the attached video to see some great testimonials from our attendees - We’re already looking forward to next year’s event. Until then, let’s keep the good vibes rolling and continue to build strong connections within our community! 💚  #ALAIKAConnect #TUMfast #WeAreHiring Harald Braunstein Johanna von Geyr Sophie Kapral Alina Franke Philipp Schaeuble Colleen Sauer Riccardo Scaccianoce & ALAIKA Advisory Team, Karolin Beck Matthias Krueger Roshi Motman Hanna Scholta Gunther Friedl Anja Senkmüller Arne Spangenberg Bastian Auerbach Benedikt Lechl Benjamin Kleber Christian K. Wanzek David Stroese Jan Merz Jasper Veil Julian Steinmann Jurek Thiemig Leonard Kinzinger Malte Staab Manuel Wenk Sandra Briechle Sebastian Rupp Sofia Reichenbach Yasamin Rahimian Kashyap Kitchlu

Celosphere 2024 Highlights: Driving Tangible Value through Process Transformation With Manuel Gerhart representing our ALAIKA Advisory team at #Celosphere last week, we were reaffirmed in our day to day preaching that data-driven collaboration and a unified experience can unlock real value and drive impactful business value across the whole #FinancialServices industry. Here are some powerful insights: 💡 Scaling Process Mining Globally — Integrating AI into end-to-end operations allows companies to align systems with strategic goals, setting the foundation for long-term success. 💡 Addressing Task Mining Complexities — Overcoming logging limitations with layered approaches helps organizations manage complexity and sharpen focus. 💡 Navigating Data Challenges — Tackling issues of data quality, accessibility, sensitivity, and volume, while prioritizing security, compliance, and building the right team for Value Realization. 💡 Optimizing ITSM — Consolidating assignment groups, automating processes, and enhancing service quality, productivity, and risk management boost operational resilience. 💡 Transitioning to Decentralized Models — Moving from centralized to adaptable, decentralized frameworks enables organizations to iterate until optimal solutions are achieved. From initial “spaghetti diagrams” to clear, efficient workflows, these transformations showcase how streamlined processes improve decision-making, elevate customer experience, improve business value and reduce complexity. When processes work, innovation thrives, complexity fades, and measurable business outcomes are achieved. Interested in discussing these transformations further? Let’s connect! “When processes work everything works” - Celosphere 2024 Rabobank, Allianz, BNP Paribas, HDI Group, Celonis #Celosphere #ProcessMining #DataTransformation #Innovation #Insurance #Banking #PrivateEquity #FinancialServices

#FERMAForum 2024 | Madrid 🔝 What a blast - I had the privilege of representing ALAIKA Advisory at this year’s #FERMAForum in Madrid, gathering the largest risk management community in Europe. The forum served as a powerful reminder of the fast-evolving risk landscape as companies confront macroeconomic challenges in an era of exponential, interconnected risks as well as was a great chance to connect to our #insurance #ecosystem. Here are my key takeaways: ▶️ The Role of #RiskManagement & AI in Navigating Exponential Risks: From geopolitical tensions and inflation to cyberattacks and extreme weather, today’s risks demand a big-picture approach. Bridging the protection gap—whether managing uninsurable risks like floods or finding coverage for uninsured risks—will be essential for both businesses and policymakers and could become a key differentiator. Technology and AI are crucial here, empowering leadership to make informed, proactive decisions by enhancing data accessibility and leveraging predictive modeling. ▶️ #Cybersecurity: Prevention & Resilience: As cyber threats increase in volume and sophistication, the need for resilience and preparedness intensifies. Effective risk and crisis management now includes knowing where sensitive data is stored, maintaining actionable plans, and ensuring your crisis team includes the right functions. Cyber insurance goes beyond protection, providing access to expert guidance in prevention, detection, and negotiation. And as attackers adopt AI, businesses may need to follow suit, using AI for advanced risk assessment and mitigation. ▶️ #AI as a Game Changer With AI expected to impact 80% of work, trust and knowledge are essential to scaling its use. Nothing new so far, but this ethical question remained in my head: Do we allocate productivity gains purely to cost-cutting, or reinvest proactively by providing training in AI and supporting work-life balance for our employees? Splitting benefits could create a more sustainable AI-driven workplace, fostering trust and efficiency. ▶️ Transforming the Insurance Industry for #GenZ and beyond “Zoomers” Insurance is often seen as boring - looking behind the scenes: it is everything else than boring! The insurance industry is evolving, and it offers unique advantages, in particular for young professionals. It’s on us, as leaders, to showcase the real opportunities. 👏 Thank you FERMA | Federation of European Risk Management Associations committee for setting up this fantastic event. #BuildingTheFutureOfFinancialServices #RiskManagement #Cybersecurity #AI #Leadership #ALAIKA #Transformation #Together #Hiring

📣 We're kicking off this quarter with a bang by welcoming four talented students to ALAIKA Advisory: Shing Hei (Harris) Dy, Jan Merz, Valentin Tiepel, and Alejandra C.! ✨ Shing Hei (Harris) Dy joins us as a #WorkingStudent in Consulting. With experience in financial transformation consulting at KPMG, he specializes in process optimization and data-driven decision-making. Currently studying Management and Technology at Technical University of Munich, Harris's analytical mindset and proactive approach are a perfect match for our team. Welcome, Harris! Jan Merz joins us as an Intern for a #Fellowship, fueled by a passion for finance and technology that shines through his dual master’s degrees in Finance and Information Management, and Management and Technology at Technical University of Munich. His love for outdoor sports showcases his adventurous spirit—qualities that we’re excited to see in action at ALAIKA. Welcome, Jan! Valentin Tiepel comes on board as a Founder's Associate, bringing experience in strategy and AI consulting with a focus on sustainable energy. While wrapping up his M.Sc. in Management and Technology at Technical University of Munich, Valentin's dedication to personal growth is clear—evidenced by learning languages like Mandarin. We're thrilled to have him join our journey. Welcome, Valentin! Alejandra C. joins us as a Working Student, supporting our CEO office. Her diverse background includes experience in a SaaS company, Real Estate, and a Startup Incubator. Alejandra’s resilience shines through her decision to move abroad to study Political Science and Law at Ludwig-Maximilians-Universität München, and her passion for hosting Peruvian dinners reflects her hands-on mindset. Welcome, Alejandra! We can't wait to see the impact Harris, Jan, Valentin, and Alejandra will make as we build the future of financial services together. Let's give them a warm ALAIKA welcome! 🩵 #WelcomeToTheTeam #CareerGrowth #AlaikaAdvisory #NewHires #Consulting

💡 The European Insurance Industry's Secret Weapon for Growth: #GenAI – Key Insights from the ALAIKA Advisory Visit to HCLTech’s AI Lab in London 🇬🇧   It’s well known that #generativeAI is becoming a focal point hosted in #SiliconValley, forcing a paradigm shift in technology as tech giants like Microsoft, Google, Amazon, and Meta all strive to develop the most advanced large language models (#LLMs). While it’s unlikely that a European #Insurance company will outpace Google or OpenAI in building more powerful LLMs anytime soon, Insurance companies can leverage GenAI as early adopters to significantly boost productivity. Key strategies should include:   ➡️ Deploying GenAI for enhanced customer experience: Utilize generative AI to deliver superior customer service and personalized products, ensuring a strong business case and value proposition alongside. ➡️ Integrating GenAI into infrastructure and daily operations: Implement generative AI applications across your entire infrastructure and day-to-day business activities. ➡️ Leveraging GenAI for unstructured data validation: Exploit generative AI to validate unstructured data, benefiting from faster decision-making processes. ➡️ Evaluating GenAI for operational efficiency: Assess the value of generative AI in lowering operational costs and boosting productivity. ➡️ Navigating regulatory, ethical, and legal concerns: Address potential regulatory, ethical, and legal issues to avoid costly mistakes. ➡️ Ensuring scalability, interoperability, and flexibility: Implement solutions that are scalable, interoperable with existing systems, and flexible to adapt to future technological advancements. ➡️ Fostering Innovation and a Culture of Learning: Encourage an organizational culture that embraces innovation and continuous learning to maximize the benefits of AI integration.   📢 Echoing key insights from Service Integrators like HCLTech, key trends are emerging for rapid implementation at scale across multiple industries. Alan Flower, EVP and Global Head of AI Labs at HCLTech said: "The rapid pace of client journeys raises questions about the industry’s readiness to scale #AI solutions for production. Given the dynamic nature of AI infrastructure, there’s an emphatic need for ongoing monitoring, model refinement and cost management to ensure sustained value delivery!”    🤔 If you are interested to discuss in more detail, please reach out to Lukas Heindörfer, Philipp Schaeuble or Johanna von Geyr.  Allianz ERGO Group AG AXA Munich Re Swiss Re Zurich Insurance HDI Group HUK-COBURG... #FinancialServices #Tech #WeAreHiring

💡 Pls don't forget to #vote for us - https://lnkd.in/efe5_kGB ❤️ Thank You and Happy Sunday all! #insurance #alaika #advisory #technology #ai #cyber #esg #digitaltransformation #financialservices

📢 Exciting News! ALAIKA Advisory Expands to Barcelona 🌍 We are thrilled to announce the official opening of our new hub in Barcelona, Spain! This strategic move allows us to stay close to our European clients while tapping into the city's rapidly growing tech and financial services ecosystem. Barcelona has emerged as a key player in digital transformation across industries, with strong international connectivity and a vibrant culture of innovation. The city’s business-friendly environment and access to top-tier talent make it the ideal location to support our global projects and drive innovation for our clients. Our presence here strengthens ALAIKA’s ability to deliver cutting-edge solutions across Europe. 🎉 Welcoming Matthias Faber to the Team! We are equally excited to announce that Matthias Faber will be joining our team to lead the development of the new Barcelona hub. With over 10 years of experience in both corporate and consulting roles, Matthias has a proven track record in IT strategy development, operating model design, M&A, and large-scale transformation programs.   Johanna von Geyr, Founder and Co-CEO of ALAIKA Advisory, says: "We’ve known Matthias for years, and bringing him on board feels like reuniting with a trusted ally. His blend of deep industry expertise, cutting-edge technology knowledge, and proven leadership in complex transformations makes him a game-changer for us. I’m confident our Barcelona hub will thrive, delivering impactful, innovative solutions to our clients that go beyond expectations."   In Matthias’ own words: "I am excited to build something impactful, especially with the ALAIKA leadership team, whom I have known for years. The team at ALAIKA is truly the A-Team—a group of exceptional professionals I’ve admired for their expertise and approach. Joining ALAIKA offers me the opportunity to work in a fast-paced, entrepreneurial environment, tackling some of the most challenging problems for our clients, all while having fun with a dynamic, motivated team."   With the opening of this new location and the addition of Matthias to our growing team, ALAIKA Advisory continues to enhance its ability to deliver excellence across borders. Stay tuned for more updates from our Barcelona team! As part of this exciting development, we're also actively hiring in Barcelona! If you're passionate about delivering impactful solutions and want to work with a team that values innovation and excellence, join us in building something amazing here in Barcelona. 🌟 🔍 Explore our career opportunities and be a part of the transformative change in the Financial Industry! #Consulting #NewHub #BarcelonaExpansion #TalentAcquisition #BarcelonaJobs #BarcelonaTech #AlaikaAdvisory #JoinOurTeam

💡 We are hiring - pls feel free to share, apply, let me know if you know someone - Director Finance & Strategy - ALAIKA Advisory 🚀 #financialservices #insurance #banking #transform #hiring Sophie Kapral Harald Braunstein

🚨 Exciting News! 🚨 ALAIKA Advisory has been nominated as a finalist for "Best Consultancy of the Year" at the Insurance choice awards, run by Smart Money People 2024, and we need YOUR help to win! The awards are determined by the votes of people who have experienced our services firsthand, and we’d be grateful for your support. To cast your vote and help us secure this incredible recognition, simply click the link below, you have time until October 15th to share your feedback: 👉 https://bit.ly/47zjZgx 👈 A huge thank you to our clients, partners, and friends for trusting us to deliver excellence. We are honored to be in the running for this award and excited for what’s to come! #InsuranceChoiceAwards #ALAIKA #ICA2024 #Insurance #FinancialServices Johanna von Geyr Harald Braunstein Michael Kimmig Philipp Schaeuble Frank Bastian Manuel Gerhart Tobias Wehling Tobias Friemelt

🚀 Strengthening Insurance Expertise at ALAIKA Advisory 🚀 From September 4th to 6th, 2024, the ALAIKA Advisory team participated in an intensive training program in partnership with riva Academy and OMMAX, one of our strategic partners. The Iris Insurance Game provided our team with hands-on experience in understanding key KPIs and strategic decision-making within the insurance industry. 💡 Why This Matters Do you know what the combined ratio tells you about an insurance company? Or how rapid market growth can impact your Solvency II KPI? Can you guess which product—risky or safe—drives easier growth for an insurer, and why? How sales commissions and IT investments are two sides of the same coin? And how can acting as reinsurance provider can unlock capital gains for your insurance company? Our consultants are now equipped to answer these questions. By applying a system-thinking approach, we can provide our clients with more holistic and strategic solutions. By understanding the connections between claims, underwriting, sales, and customer experience, we are better positioned to help insurers tackle their toughest challenges, improve performance, and grow sustainably in an ever-changing market. 📈 A Step Towards Future Growth By deepening our team's capabilities with targeted training, we remain aligned with our strategic goal of combining deep industry expertise with advanced technologies. The skills gained empower our team to offer tailored, innovative solutions that not only enhance operational efficiency but also drive sustainable growth in an increasingly digital world. #PeopleDevelopment #InsuranceExpertise #DigitalTransformation #AlaikaAdvisory #IrisInsuranceGame #ClientSolutions #InnovationInInsurance #rivaAcademy