Altumai Launches to Help the Insurance Ecosystem Realize the Promise of IoT and Analytics

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Altumai LLC announces its launch to help the insurance ecosystem to better understand, develop and launch solutions that leverage IoT and Advanced Analytics and reduce the distance between risk and capital.

Insurance is undergoing monumental change. We are entering a world where the availability of data to predict, mitigate, transfer and manage risk has never been greater and the fundamental rules of risk are being rewritten. Altumai understands these market factors and assists organizations in realizing their vision and the future of insurance.

Headquartered in Chicago IL with additional offices in Los Angeles CA, Altumai is led by Lars Skari and Simon Prowse. Lars comes to Altumai following over 25 years of management and technology consulting experience assisting Fortune 500 financial services clients with business and technology transformation. He was until recently the Managing Partner for Infosys Consulting’s financial services and insurance practice. “The transformation in the insurance ecosystem offers tremendous opportunity for value creation, and will disrupt incumbents that are not able to change. We formed Altumai to be the industry’s innovation integrator, serving an unfilled need in the marketplace to work with the industry to transform,” said Lars Skari, Managing Partner, Altumai.

Simon brings over 20 years of insight and experience into the development and deployment of business focused, technology driven advanced analytics solutions. With executive leadership positions within IBM and SPSS’s Analytics solutions divisions Simon is uniquely placed to help organizations realize the benefits of today’s opportunities. “The proliferation of wearables and other IoT devices gives an unprecedented potential to improve health and safety, reduce risk and optimize reliability. The insurance industry is in a unique position to drive real benefits from these solutions. Altumai helps the insurance industry realize the benefits of IoT and drives beneficial changes in the way people work, play and protect their assets and loved ones,” said Simon Prowse, Managing Partner, Altumai.

About Altumai

Altumai’s mission is to pioneer IoT driven, advanced analytics enabled solution development, deployment and commercialization for the Insurance ecosystem. Altumai works with clients to re-imagine and innovate, taking new ideas from Proof-of-Concept stage to implementation by providing consulting, change- and project management and system integration capabilities, often in partnership with the client’s existing vendors. Altumai’s goal is to co-create practical, outcome-based solutions that leverage new technologies to leap-frog existing business outcomes. Then, using collaborative approaches, Altumai works with clients to launch, manage and operate new commercial ventures. To learn more about how Altumai can help your company, please visit

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Simon Prowse
Altumai LLC
+1 (312) 543-2325
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since: 03/2017
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