Greg Galeaz is currently PwC’s U.S. insurance practice leader and has over 34 years of experience in the life and annuity, health and property/casualty insurance sectors. He has extensive experience in developing and executing business and finance operating model strategies and transformations. Prior to leading the insurance practice, Galeaz led PwC’s insurance finance transformation practice where he was responsible for leading a variety of end-to-end transformations.
Areas of expertise include, operating model redesign, close process reengineering, integrated planning, budgeting and forecasting systems, cost reduction, financial system selection and implementation, maximizing the finance ROI, risk adjusted capital, enterprise risk management, real estate site selection, post-merger integration and due diligence, and IT infrastructure reviews and assessments.
Insurance M&A activity in the U.S. rose to unprecedented levels in 2015, surpassing what had been a banner year in 2014. There were 476 announced deals in the insurance sector, 79 of which had disclosed deal values with a total announced value of $53.3 billion. This was a significant increase from the 352 announced deals […]
Cyber insurance is a potentially huge, but still largely untapped, opportunity for insurers and reinsurers. We estimate that annual gross written premiums are set to increase from around $2.5 billion today to reach $7.5 billion by the end of the decade. Businesses across all sectors are beginning to recognize the importance of cyber insurance in […]
Finance functions and actuaries face regulatory pressure to enhance reporting, markedly improve response times and provide increasingly demanding business partners with better and more actionable information about their businesses. Advanced analytics from IT improvements will help achieve the strategic objectives. Naturally, insurers should provide themselves with the best reporting platform they can reasonably afford. However, […]
Several drivers of change are compelling insurance companies to re-evaluate and modernize all aspects of their business model and operations. These drivers include new and rigorous expectations from regulators and standards, increasing demands for more relevant and useful information, improvements in analytics and the need for operational transformation. The modernization creates considerable expectations for finance, risk and […]