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Paul Prior

  • Managing Director
  • T: +353 1 672 9025
  • F: +353 1 672 9072
Office
    • The Academy, Suite 2B
    • Pearse Street
    • Dublin, 2
    • Ireland
    • T: +353 1 672 9025
    • F: +353 1 672 9072
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Paul Prior is a Managing Director in the Insurance practice at FTI Consulting and is based in Dublin.

Paul has more than a decades experience in designing and executing strategic change in regulation, risk, digital transformation and analytics across Ireland, the UK, North American, South Africa and South America. His primary domains of expertise are Retail Banking, Insurance and Fund Administration.

Most recently Paul worked with a top 5 Global Banking Group to develop a strategy to remove 60% of cost from the business through simplification and automation of the underlying processes, stabilisation of the core technology platforms to ensure single source of information and establishing an R&D and innovation capability which accelerates develops of new products and services.

Paul worked with six Global insurers over a 3 year period across the US and Canadian markets implementing large-scale transformational change programmes spanning Bodily Injury, Subrogation, Workers Compensation, Life, Travel and Motor products, all of which required significant change to the organisations across people, process and technology.

For the top 2 leading National Banks; Paul led a programme of work to implement the entire second line of defence across Operational Risk, touching on Retail, Commercial, Business and Corporate Banking in addition to Deposits and Mortgages. For the second Bank Paul led a programme to implement the Target Operating Model for Basel III and COSO II which traversed every division within the Bank, advising regularly at Audit Committee and Board level.

Paul advised the Health Insurance sector on the capacity to introduce eClaims at a national level across all insurers, and, public and private hospitals. This involved investigating the scope for standardisation of claims processing across the three main insurers, updating of all core technology platforms and agreement from consultants and providers of health servicers to digitalise their processing in a standard fashion.

On behalf of a National Retail Bank Paul designed and implemented an automation tool that developed a heat map of End User Computing risk and areas for efficiency gain in 10% of the time of a manual solution. This was enhanced to automatically cleanse underlying data to create a single robust dataset of business intelligence and separately as an accelerator for diagnosing GDPR adherence in ad-hoc end user computing solutions such as a MS Excel.

Prior to FTI Consulting, Paul held senior positions at VISION Consulting, Deloitte & Touché, FINEOS, Curam and the Software Technology Research Centre.

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