Market Expansion West's recent acquisition of large-scale packaging operations and involvement in the North American blister packaging market indicate opportunities for cross-selling insurance and risk management services to packaging and logistics companies expanding their operations.
Technological Innovation With West's engagement in digital safety solutions like CTRL WRK and its use of advanced technology platforms, there is potential to offer tailored insurance products for tech-driven risk management and digital transformation initiatives within industries adopting innovative safety solutions.
Strategic Partnerships The company's collaboration with real estate developments such as Dermody Properties suggests opportunities for providing specialized insurance coverage for industrial and logistics real estate projects, particularly those supporting manufacturing and packaging sectors.
Growth Through Mergers The successful integration and positive market response to the Smurfit Westrock merger highlight the potential to target other companies involved in strategic consolidations, providing tailored insurance solutions that leverage combined operations and increased scale.
Sustainable Focus West's positioning as a leader in sustainable marine insurance aligns with growing market demand for environmentally conscious business practices, offering prospects to develop green insurance products for clients committed to sustainability initiatives.