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Jason Ralph

Serves financial services institutions on strategy and growth programs, as well as performance transformations and new business building

Jason is a partner in our Minneapolis office, where he serves financial services institutions on strategy and growth programs, as well as performance transformations and co-leads McKinsey’s new business building practice in insurance.

Examples of his recent client work include the following:

  • leading a multiyear strategic transformation to drive growth and transform the customer experience at a diversified financial services company
  • delivering a step-change in earnings improvement for a life insurer through a large-scale transformation across several functions
  • conducting several end-to-end salesforce effectiveness transformations for leading insurers and asset managers
  • building new innovation capabilities, including launching a direct-to-consumer digital business for a US life insurer and transforming the product development function

In addition to his client work, Jason is frequently quoted in the media and authors articles on growth and innovation in insurance.

Jason is fluent in German and is conversational in French and Spanish.

Published work

Global Insurance Report 2025: The pursuit of growth,” McKinsey & Company, November 2024

Building new businesses: How insurers can leap ahead,” McKinsey & Company, July 2023

"Opportunities for insurers in a rapidly shifting insurtech market," McKinsey & Company, December 2022

Five steps to improve innovation in the insurance industry,” McKinsey & Company, February 2022

Product innovation: The new imperative for insurers in Asia,” McKinsey & Company, March 2021

The growth chessboard: How leaders fuel profitable growth in insurance,” McKinsey & Company, December 2020

Life insurance product innovation: What insurers can learn from leading tech and consumer companies,” McKinsey & Company, January 2019

Education

Northwestern University
PhD and MA, history

The University of Chicago
BA, religious studies