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Stephan Binder

Senior PartnerZurich

Leverages deep knowledge of the global insurance industry to advise executives on strategy, distribution, and operations

Stephan is a leading advisor to CEOs and top-management insurance executives in Asia, Europe, and beyond. He led McKinsey's work in insurance in Europe, as well as the firm’s work in insurance and wealth and asset management in Asia−Pacific. He advises local companies and global financial institutions on projects ranging from strategy and organization to market-specific programs, distribution, operations, and investments. His expertise spans life insurance, property-and-casualty insurance, health insurance, reinsurance, and asset management.

Examples of Stephan's recent engagements include the following:

  • supporting a European-based global life insurer on corporate strategy and digital value proposition, including a road map to significantly improve value creation in the business portfolio
  • developing a strategic agenda for a new CEO for a major European composite insurer, including key strategic initiatives and an organizational and cultural change program
  • setting up a new digital attacker in a major European auto-insurance market, from feasibility test, value proposition, and business case to business building and launch
  • advising a leading insurance and financial-services company in China in a multiyear strategic partnership, including multiple business-unit strategies, turnarounds, acquisitions, and setup of new businesses, as well as a continued improvement of the corporate structure (organization, performance management, and risk management)
  • working with a global life insurer to develop a comprehensive strategy in Asia (including Australia, China, India, Japan, Korea, and Southeast Asia) to address local-market plans and regional initiatives as well as organizational and talent implications
  • creating market-entry and growth strategies for various multinational property-and-casualty and reinsurance companies in China, India, and Southeast Asia, including entry options, regulatory frameworks, organization, growth opportunities, and go-to-market strategies

Stephan is a sought-after speaker at conferences and the author of two books on life insurance in Asia.

Published work

Klaus-Jürgen Heitmann on the journey to mobility ecosystems,” McKinsey & Company, March 2023

Small and medium-size commercial insurance: The big opportunity,” McKinsey & Company, May 2022

Accelerating diversity in insurance,” McKinsey & Company, March 2022

Creating value, finding focus: Global Insurance Report 2022,” McKinsey & Company, February 2022

Gewerbeversicherung - Die große Chance,” McKinsey & Company, November 2021

Global Insurance Pools statistics and trends: An overview of life, P&C, and health insurance,” McKinsey & Company, April 2021

Moving to a user-first, omnichannel approach,” McKinsey & Company, January 2021

Reimagine insurance: Five keys to innovation,” McKinsey & Company, September 2020

A vision for European life insurance: The time for bold actions has come,” McKinsey & Company, June 2018

Global insurance insights: An overview of recent trends in life, P&C, and health,” McKinsey & Company, May 2018

The Life Journey China,” McKinsey & Company, October 2015

The Life Journey Korea,” McKinsey & Company, October 2015

Life insurance in Asia: Sustaining growth in the next decade, second edition, Wiley, December 2012


University of Münster
PhD, economics

University of Witten/Herdecke
MA, economic science