Acturis’ rising revenues came from a “tremendous amount of broker interest” in the company, according to co-CEO Theo Duchen as the software house reported revenue of £62.2m and steady profit of £19.1m for 2017.
“We’ve had a lot of brokers coming onto the platform or expanding their use of the platform and that’s the primary driver,” Duchen told Insurance Age.
He added that Acturis has a “good pipeline” of brokers that are set to join in the coming year as well.
The technology special
- Marsh & McLennan buys JLT in $5.6bn deal
- Brokers see opportunity in MMC’s JLT takeover
- MMC confirms up to 3,750 jobs in danger from JLT takeover
- Premium Credit explains taking system offline
- MMC boss Dan Glaser lifts the lid on the 11 day JLT deal
- Ex broker jailed for £140,000 fraud
- Gallagher and Ardonagh in legal dispute