£5m Saved in 4 Months: Rapid Transformation for a Tier 1 Insurer

The Challenge

Following a successful operational review, the insurer tasked the Camelot expert with implementing key recommendations. The objective was to deliver demonstrable improvements and cost savings within four months, underlining the practicality and impact of the proposed changes.

The Plan

Focusing on “low-hanging fruit,” the expert prioritised quick wins to maximise value in a short timeframe. Key strategies included:

• Engaging with employee groups and communication teams to secure buy-in for the changes

• Demonstrating the business benefits of proposed solutions through transparent communication

Overcoming Challenges

Given the ambitious timeline, the expert adopted a bold, results-driven approach. They challenged traditional business roadblocks, fostering a “how can we make this work?” mindset. The implementation also required careful coordination of logistics and messaging to ensure seamless execution.

The Results

By partnering with an existing HR initiative, the expert delivered outstanding results:

• Realised cost savings of £5 million within four months, including £3.6 million directly attributed to plan execution, surpassing expectations

• Enhanced cross-departmental collaboration and decision-making speed

• Fostered a culture of constructive challenge and accountability

• Defined clear career progression pathways for high-potential employees

• Embedded a culture of transparency, honesty, and integrity within the organisation

These achievements solidified the insurer’s confidence in Camelot’s expertise and demonstrated the tangible value of the proposed changes.