Investance launches UK Insurance practice

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New practice from Investance to address the demand from UK Insurance firms for specialist operational consulting services to address significant regulatory compliance and cost reduction challenges.

Investance, the provider of a portfolio of specialist management consulting, technology and outsourcing services to the Financial Services Industry today announced the expansion of its services to the UK Insurance sector.

The £200bn UK Insurance sector is facing unprecedented challenges; a changing regulatory environment (in particular Solvency II), shifting consumer demand, increasing global competition and a series of well publicised mis-selling scandals eroding consumer confidence have all had an impact on the Insurance sector, impacting premium incomes and margins. In response, Insurers are being forced to rethink their operating models to deliver efficiencies and costs savings whilst ensuring robust regulatory compliance.

For over 12 years, Investance has been supporting major financial institutions to transform their operations and respond to market challenges. The launch of Investance UK’s Insurance practice is a natural extension of its Financial Services consulting activities in the UK and meets an increasing demand from their clients to provide services to this sector.

Stuart Leask, Head of UK Insurance, commented: “Investance is well positioned to expand our already well-established consulting business into the UK Insurance industry sector. In an environment where operational efficiency is key, Investance’s pragmatic approach offers a strong proposition to insurers looking to adapt to an ever changing market place.”

Cedric Boisne, Managing Director, Investance UK said: “The UK Insurance industry is the third largest in the world, its providers offer world-class Insurance products and services to businesses and consumers in the UK and overseas. Investance’s track record working for leading financial institutions and insurance companies in the US and Europe means we can bring both practical experience and industry knowledge to the new Insurance practice in London.”

Investance Contacts:
For more information about Investance UK’s Insurance practice, services and offerings, contact Stuart Leask +44 20 3170 7720, email: sleask(at)investance(dot)com

For more information about Investance Group, please contact Simon Drury, Global Head of Marketing +44 20 3170 7720, email: sdrury(at)investance(dot)com

About Investance
Investance is a specialist management consulting, technology solutions and outsourcing services provider that combines industry expertise in risk management, operations, finance and technology strategy with specialist capabilities in advisory, technology and outsourcing to add value for the world’s leading financial services organisations. We have more than 300 people supporting leading Investment Banking, Insurance, Retail banking and Investment Management organisations around the world to deliver superior business results. We have seven established offices in strategic locations and major financial centres: New York, London, Paris, Hong Kong, Singapore, Mumbai and Amsterdam. Find out more at http://www.investance.com.

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Simon Drury, Marketing and Communications
Investance
+44 20 3170 7720
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Stuart Leask, Head of UK Insurance
Investance
+44 20 3170 7720
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