Adding brokers boosts Acturis revenue, profit

Etrading software house Acturis reported diuble-digit revenue growth, boosted by the capture of additional brokers to its platform.

Revenues for the year to September 2017, announced today, were £62.2 million, an increase of £6.9m over the previous year.

Pretax profit rose 1% to £22.9m.

”Acturis has delivered another year of double digit revenue growth,” said co-chief executive Theo Duchen.

“A steady stream of high quality brokers have moved to the Acturis System from across our marketplace, with the likes of Aston Scott, A-Plan, Integro and Towergate joining the Acturis community.

We have also seen our continued investment in personal lines technology paying off, with First Point selecting Acturis as their partner of choice.”

Duchen said the firm’s forward pipeline of brokers for the next 12 months is “stronger than ever”.

“The unceasing development of our etrade insurer product panels, our multi-channel distribution and mobile solutions and our customer self service offerings has continued to inspire brokers and insurers to move to Acturis,” he said.

“We were delighted that brokers placed us first Overall and first in six out of the seven individual categories in the Insurance Times [etradiing] survey published at the Biba conference in May 2018.”

Fellow co-chief executive David McDonald hailed the continued revenue growth, “despite the headwinds caused by Brexit related uncertainty”.

“We expect our 2017/18 financial year to deliver further increases in revenue and profits.”