Karl Hersch - US Insurance leader, Principal Deloitte Consulting

Karl Hersch – US Insurance leader, Principal Deloitte Consulting

Karl is Deloitte’s US Insurance Leader responsible for leading the firm’s overall insurance sector strategy, bringing the firm’s practice areas together to serve Deloitte’s portfolio of insurance clients.

Throughout his 30-year career, Karl has served the financial services and insurance industries extensively, providing him with a well-rounded understanding of the most complex and critical issues clients face. Karl has experience working across Deloitte’s Audit, Advisory and Consulting businesses, enabling him to bring Deloitte’s best to our clients. He served as the Insurance Finance Transformation practice leader and the FSI Enterprise Performance practice leader.

Karl’s vision as the US Insurance Leader is to inspire our clients and professionals to recognize the remarkable purpose-driven impact the insurance sector has on society through personal and commercial risk management, security and safety services and products, and on long-term wealth creation and preservation.

As Deloitte’s US Insurance Leader I am responsible for leading the firm’s overall insurance sector strategy, bringing the firm’s practice areas together to serve Deloitte’s portfolio of insurance clients.

In my career with Deloitte, I have served the insurance industry extensively, providing me with a well-rounded understanding of the most complex and critical issues our clients face. Additionally, I have worked across our Audit, Advisory and Consulting businesses, which enables me to bring Deloitte’s best to our clients. I am passionate and energized by the commitment, collaboration, and unique expertise of our teams and the impact we are and will continue to have on our clients and the industry as a whole.

My vision as the US Insurance Leader is to inspire our clients and professionals to recognize the remarkable purpose-driven impact the insurance sector has on society through personal and commercial risk management, security and safety services and products, and on long-term wealth creation and preservation.

At a personal level, I value family and friends more than anything. I enjoy the outdoors, racquet sports, skiing and can endlessly listen to music.

Latest reviews by Karl Hersch
Insurance " class="attachment-csco-thumbnail size-csco-thumbnail wp-post-image" alt="Finance Outlook: New Accounting Rules Put Insurers in the Spotlight">
Finance Outlook: New Accounting Rules Put Insurers in the Spotlight
Responsible for managing insurer financials at public companies have spent five years preparing for the long-anticipated implementation of new accounting standards
Most Significant Insurers Steps to Build ESG " class="attachment-csco-thumbnail size-csco-thumbnail wp-post-image" alt="Most Significant Insurers Steps to Build ESG Infrastructure">
Most Significant Insurers Steps to Build ESG Infrastructure
Many insurers around the world have taken significant steps to build an organizational infrastructure addressing the multitude of challenges posed by ESG
InsurTech Outlook: Moving from Infrastructure Investment to Value Realization " class="attachment-csco-thumbnail size-csco-thumbnail wp-post-image" alt="InsurTech Outlook: Moving from Infrastructure Investment to Value">
InsurTech Outlook: Moving from Infrastructure Investment to Value
Insurers have frequently taken a piecemeal approach to technology modernization, transforming system by system, function by function, and app by app
How Insurers Are Reinvent Workplace HR Strategies & Corporate Culture " class="attachment-csco-thumbnail size-csco-thumbnail wp-post-image" alt="How Insurers Are Reinvent Workplace HR Strategies & Corporate Culture?">
How Insurers Are Reinvent Workplace HR Strategies & Corporate Culture?
Forced virtualization of work during the pandemic has fueled revolutionary changes in employee expectations and upended many traditional employment models
Life Insurance Company Transformation Key to Sustainable Growth " class="attachment-csco-thumbnail size-csco-thumbnail wp-post-image" alt="Life Insurance Company Transformation Key to Sustainable Growth">
Life Insurance Company Transformation Key to Sustainable Growth
While change has often come slowly in life insurance sector, a metamorphosis may be underway. The effects of the pandemic are lingering, consumer expectations are growing
How Does Inflation Challenging Non-Life Insurer Profitability and Insurance Rates " class="attachment-csco-thumbnail size-csco-thumbnail wp-post-image" alt="How Does Inflation Challenging Insurer Profitability and Insurance Rates?">
How Does Inflation Challenging Insurer Profitability and Insurance Rates?
Raising revenue hasn’t been an issue for most nonlife insurers, thanks to some of the highest property-casualty insurance rate increases posted in years
Insurers Should Be Pivoting to Longer-Term Reinvention " class="attachment-csco-thumbnail size-csco-thumbnail wp-post-image" alt="Insurers Should Be Pivoting to Longer-Term Reinvention">
Insurers Should Be Pivoting to Longer-Term Reinvention
Necessity has indeed been the mother of reinvention for the insurance industry these past few years, as most carriers were remarkably adaptive