Deals: Accenture Buys Altus Consulting

Founded in 2005, Altus Consulting has developed highly respected advisory services underpinned by data-driven insight and detailed modelling, with deep knowledge of the operating models, data and platforms that power financial services organisations. It is an established industry thought leader with a dedicated focus on life, pensions, investments and insurance, and has long-standing relationships with many financial services firms in the UK.

Altus Consulting designs and delivers business and technology solutions that help clients tackle complex challenges by improving administration, customer experience and product design. Its projects span workplace and individual pensions, annuities, investment and asset management solutions, as well as speciality markets and general insurance segments such as motor and medical.

Altus Consulting’s highly skilled team join Accenture’s Insurance practice in the UK, bringing expertise in areas including distribution, risk & regulation, operating models, data and technology. Coupling its specialist sector knowledge with Accenture’s technology, managed services and customer experience capabilities will enhance delivery of end-to-end transformation projects for clients at scale. It also brings a range of distinct software products, including a comprehensive operational and regulatory impact assessment tool, to augment Accenture’s existing assets.

“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,” said Carmina Lees, Insurance lead for Accenture in the UK & Ireland. “Our acquisition of Altus Consulting will accelerate our goal of helping clients to reinvent their business, building digital capabilities that enable them to better serve customers as they plan for their futures.”