’Advances in technology present a significant opportunity to create growth and efficiencies for this vital sector,’ says UK and Ireland lead for insurance
Global professional services consulting firm Accenture has acquired Altus Consulting in a move intended to grow its reach to more insurance and financial services customers in the UK.
Altus Consulting was founded in 2005 and has grown into a well-known industry partner for the insurance sector that is focused on “data driven insight and detailed modelling” to support operating models and platforms.
The acquired firm also works to design and implement business and technology systems for customers by working on administration, customer experience and product design.
As part of the deal, Altus Consulting’s team will join Accenture’s UK-based insurance practice, bringing “sector expertise” to complement project delivery capabilities.
As well as the insurance sector, Altus also works across pensions, annuities, investment and asset management sectors.
Significant opportunity
Carmina Lees, Accenture’s UK and Ireland lead for insurance, commented: ”A strong financial services sector is the backbone of a thriving economy in the UK, with insurers helping customers through some of the most challenging periods of their lives. Advances in technology present a significant opportunity to create growth and efficiencies for this vital sector, but only if they can harness it.
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“Our acquisition of Altus Consulting will accelerate our goal of helping clients to reinvent their business, building digital capabilities that enable them to better servce customers as they plan for their futures.”
Martyn Evans, chief executive at Altus, added: ”By joining Accenture, we gain the resources to dramatically enhance our offering to clients, while maintaining the value and approach that helped us build such a strong business.
“The move will allow us to deliver end-to-end transformation programmes at scale, from strategy an vision right through to design and delivery. This is a pivotal moment for the financial services industry, particularly in insurance, where there is still so much untapped potential for technology to innovate products and services.”
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