The banking sector has reinvented itself, primarily through technological advances. However, the traditional business model requires an update, focusing on innovation, sustainability, technology and inclusivity. Collaboration between banks and fintech is becoming increasingly important, which requires new leadership skills.
We play a crucial role in this transformation, not only at traditional banks but also in adjacent sectors such as payment service providers and regulatory authorities.
Boundaries between traditional and emerging sectors are blurring, which requires an integrated approach. We challenge and inspire talent in technology and sustainability, while also focusing on the future of work and developing new generations of leaders in the financial sector, including leaders in private equity and family offices.
In the search for effective innovators in the insurance sector, we regularly discover valuable talent outside traditional boundaries. Structural changes, fueled by disruptive technologies, are forcing insurers to become agile and digitize.
The rise of 'InsurTech' and digital technology will play a crucial role in the future of this sector. Insurers must adapt to declining premium volumes and increasing competition through innovation and cost reduction.
Successful insurers will be those who can adapt to technological opportunities and changing customer needs, while striking a balance between internal talent and external expertise. We play an active role in building a team of leaders who together have the optimal combination of skills and experience.
The Netherlands is undergoing a major transition of its pension system. In the new system, participants receive a more up-to-date insight into their own pension assets. This offers opportunities for more intensive contact between the funds and the participants. Participants expect the same convenience from their pension fund that they now experience with their banking and online purchases. Meeting these expectations requires investments in new technology, data quality, different skills and greater agility.
Pension management and asset management are growing closer together. For asset management, the focus is shifting from balance sheet management to setting up more individual life cycles. In addition, participants expect attention to be paid to sustainability when investing their pension assets.
The desired changes lead to further professionalization and consolidation of the pension sector. TEN is helping to build the teams in the pension sector that successfully realize these changes.
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