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.
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