IT companies supplier Accenture has bought German firm ON Service GROUP to reinforce its insurance coverage companies capabilities.
The monetary phrases of the transaction weren’t disclosed.
Headquartered in Siegburg, Germany, ON Service GROUP affords enterprise course of companies with a deal with the insurance coverage {industry}.
Accenture stated the deal broadens the scope of its companies that German clients can entry for insurance-related enterprise operations corresponding to coverage administration and gross sales.
It added that the deal equips Accenture to supervise the entire provide chain and help clients in growing their operational effectivity, agility and capability for progress by means of digital companies.
With greater than 20 years of expertise, ON Service GROUP helps life, well being, and property and casualty insurance coverage operations.
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Over 200 employees with expertise in gross sales and dealer help, coverage administration, customer support, and course of transformation will be part of Accenture Operations from ON Service GROUP.
Accenture Operations Germany, Austria and Switzerland head Tanja Mertin stated: “Right this moment, organisations must reinvent each space of their enterprise, regularly, to stay related. Through the use of strategic managed companies, companies can successfully acquire entry to digital capabilities, course of experience and specialist expertise to rapidly ship outcomes at scale.
“With the acquisition of ON Service GROUP, we’re additional enhancing our industry-specific capabilities and companies to assist our insurance coverage shoppers succeed and drive progress.”
ON Service GROUP CEO Stefan Giesecke stated: “Accenture’s international scale and scope will present our folks with thrilling new alternatives to take insurance coverage operations to the subsequent degree and provide shoppers one-stop options to streamline the complete course of chain and drive transformation additional.
“Collectively, we are going to handle the important thing market demand for agility and innovation, providing new methods to drive progress in disruptive occasions.”
In March this 12 months, Accenture agreed to purchase French monetary companies consultancy Optimind.
Optimind caters to insurance coverage, banking and company shoppers in France and Luxembourg with a crew of greater than 350 folks.
