BCG adds Justin Balcombe as a Partner to London office

08 June 2017 2 min. read
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The Boston Consulting Group has hired seasoned insurance professional Justin Balcombe as a Partner and Managing Director to its London Insurance Practice. He brings almost three decades of experience to the firm, which the firm hopes to utilise for key clients in the industry managing disruptive changes.

Prior to joining The Boston Consulting Group (BCG), Justin Balcombe worked at Big Four group KPMG where he was a Partner and the Head of General Insurance for almost three and a half years, leading the Management Consulting General Insurance for the sector. Balcombe also previously worked at EY, where he spent over four and a half years in the role of Insurance Market Segment Leader in the firm’s Insurance Practice, for the MENA region. Earlier in his career he also filled a number of high-level roles for insurance consultancy firms including 3i Infotech as the Head of Insurance and Professional Services Practice EMEA, and Steria as the Head of Insurance Consulting; and at Mastek as the Head of insurance UK, among others.

Justin Balcombe - BCG

Bringing almost three decades of experience to the role, Balcombe joins BCG’s Insurance practice as a Partner and Managing Director. The position will be focused on advising the firm’s insurance clients on issues pertaining to, among others, strategy, performance improvement, business transformation, and operating-model change. He joins the firm’s London office.

Commenting on joining the strategy & consulting firm, Balcombe said, “I'm incredibly proud to be joining BCG at a time when the insurance industry is undergoing unprecedented change. Digital disruption, new types of risk, customer relationships, a difficult investment landscape—these are all challenging the industry in how it modernizes and continues to meet global demands. Joining one of the world’s leading strategy consulting firms and helping these companies work through this wholesale change is an outstanding opportunity, and I’m excited about it.”

The insurance industry faces disruption from a range of factors – from increased demand for cybersecurity coverage to changes in the automotive market as automation improves road safety and shifts risks.