Acturis Group Strengths, Domain Expertise, and Key Differentiators
Acturis is a Software as a Service provider to the insurance industry. The Acturis SaaS platform is an administration, distribution and underwriting platform used by insurance brokers and underwriters. It now has over 20,000 users across over 450 sites. Acturis operates in the general insurance market, supporting both personal and commercial lines. The Acturis Group also includes NIS, ICE InsureTech, Acturis Deutschland and Zycomp Systems.
Acturis Group Recent Developments
In 2020, Insurance technology provider Acturis partnered with QOMPLX: UNDERWRITING to expand the e-trade offering of its award-winning platform with the launch of the parametric multi-peril insurance product WonderCover™. The Wondercover product, focussed on SMEs and backed by Chaucer, the international specialty (re)insurance group, is now available to brokers via the Acturis platform as a standalone policy or as an additional cover to other lines of business, giving Acturis brokers increased flexibility on what they are able to offer their customers.
In March 2019, Acturis launched its first native mobile application for brokers. The app is available in both the Apple and Android App stores and access is free of charge to registered full time users of Acturis. Acturis Mobile provides a broker with access to their key client, policy and claim information. Following the successful launch of the HSB suite of construction insurance products on Acturis in March 2018, the specialist engineering and construction insurer worked with Acturis to build a cyber product that strengthened HSB’s e-trade offering. The product was launced in October 2019.
Acturis Group Mergers and Acquisitions (M&A) Activities
In November 2019, Acuris Group acquired Add Value Assurances, a commercial eTrade platform in the French insurance market. Add Value provides the market leading eTrading capability to over 3 000 brokers in France as well as to multiple insurers and affinity brands.
Acturis Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Acturis Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Acturis Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Acturis for Brokers customers.
Acturis Group Overview
Ownership: - x
Number of Employees: 840
Acturis Group Key Enterprise and Cloud Applications
Acturis for Brokers
Acturis Group Revenues, $M:
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|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Acturis Group Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Acturis Group Enterprise Applications Revenues By Functional Markets, $M:
Acturis Group Enterprise Applications Revenues By Verticals, $M:
Acturis Group Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
Acturis Group Direct vs Indirect sales
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Acturis Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of Acturis Group Customers: x
No. of Acturis Group Enterprise Applications Customers: x
No. of Acturis Group Cloud Customers: x
No. of Acturis Group Cloud Subscribers: 22000
Acturis Group has over 20,000 users in 450 countries. Acturis provides software solution to insurance companies, supporting all business lines.
Acturis Group Market Opportunities, M&A and Geo Expansions
Acturis Group has revealed another year of continued growth in 2019. Results for the financial year ended 30 September 2019 show revenues of £89.7m, an increase of 15.6% over the previous year.
In July 2019, Acturis acquired Zycomp Systems Limited (Zycomp), broker management system in the Canadian and Caribbean markets. Zycomp is providing solutions to circa 30% of the Canadian insurance broker community.The acquisition comes after Acturis acquired another software provider in Germany, and months later another one in France, making it's offerings available internationally.
Acturis Group Risks and Challenges
Acturis's software offerings are for insurance companies only. Limiting itself to a limited number of customer base can lead to losing to a lot of prospective customers.
Acturis Group Ecosystem, Partners, Resellers and SI
Since July 2019, Legal & General's Rainbow products are available to UK brokers on the Acturis platform. Rainbow Household Insurance is an extensive policy that provides cover for a customer’s buildings and contents. Following the successful launch of the HSB suite of construction insurance products on Acturis in March 2018, the specialist engineering and construction insurer worked with Acturis to build a cyber product that strengthened HSB’s e-trade offering. The product was launced in October 2019.
Acturis Group Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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