The average cost of administering a life insurance policy has risen by 5.7% since 2000

Life and Pensions

In the past decade, the world of pensions and life insurance has been hit by a tsunami of regulation and competition, adding cost and eroding margins. Our work with over 40 clients in the sector has given us a sharp appreciation of the need to lower costs and improve efficiency.

Technology holds the key to success but is often part of the problem too. Consolidation of life companies has left a legacy of duplicate functionality across multiple systems with processes often siloed by product line. Our detailed industry models provide a blueprint for clients to seriously streamline both their systems and operations.

Where we see systemic inefficiency, we build high-performance solutions too; Altus software now powers the majority of electronic pension funds trading, HMRC e-filing and a growing number of pension payments.