The insurance industry is facing tremendous changes. The main drivers of this are cost pressure due to changing customer behavior and increased competition, regulatory changes, market conditions characterized by a prolonged low-interest phase and low growth, as well as the pressure for innovation due to saturated markets. However, when speaking with top managers in the industry, one hears that insurance companies struggle with the successful implementation of changes. One reason for this is that the industry is very long-term oriented, as many customers commit to the company for the long term upon signing a contract. Furthermore, the industry thrives on mitigating risks rather than consciously taking them; however, this is necessary if one wants to manage changes successfully. This book illustrates this.