Accenture has agreed to acquire NaviSys, a privately held company that specializes in software solutions for the North American life insurance industry. The transaction is expected to close within the next 60 days.
The acquisition will give Accenture a life insurance platform with a full spectrum of processing capabilities–from front-office sales to back-office policy administration. Accenture will maintain and enhance NaviSys' existing services and leverage NaviSys software to develop new business process outsourcing (BPO) services for life insurers in North America.
The BPO services will be designed to help insurers end their dependence on legacy systems, reduce their cost structures, increase operating efficiencies, and refocus their efforts on designing and delivering new products, according to Accenture.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
