Acturis, the leading Software as a Service provider to the insurance industry, has announced another year of strong growth in 2017. Results for the financial year ended 30 September 2017 show that revenues were £62.2 million, an increase of £6.9m over the previous year.
Theo Duchen, co-CEO of Acturis commented: “Acturis has delivered another year of double digit revenue growth. A steady stream of high quality brokers have moved to the Acturis System from across our marketplace, with the likes of Aston Scott, A-Plan, Integro and Towergate joining the Acturis community. We have also seen our continued investment in personal lines technology paying off, with First Point selecting Acturis as their partner of choice. Our forward pipeline of brokers for the next 12 months is stronger than ever. The unceasing development of our etrade insurer product panels, our multi-channel distribution and mobile solutions and our customer self service offerings has continued to inspire brokers and insurers to move to Acturis. We were delighted that brokers placed us 1st Overall and 1st in six out of the seven individual categories in the Insurance Times technology survey published at the BIBA conference in May 2018”
David McDonald, co-CEO of Acturis continued: “We were very pleased to maintain our unbroken record of revenue and profit growth over the past 17 years, despite the headwinds caused by Brexit related uncertainty. Our German businesses continue to perform strongly and we were pleased to add Lutronik in Germany and ICE InsureTech (November 2017) in the UK to the group. We continue to invest in the products and the services we provide to our valued customers. Last year we invested nearly £12m in developing new functionality and features and improving our infrastructure to allow us to deliver industry leading availability, stability and reliability. Our electronic trading solutions remain industry leading and we are excited by the uptake of our new mobile applications. We expect our 2017/18 financial year to deliver further increases in revenue and profits.”
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