by John Darer® CLU ChFC CSSC
Accenture, the company with those great Tiger Woods " Go On…Be a Tiger" commercials, has agreed to acquire NaviSys, a privately held company that specializes in software solutions for the North American life insurance industry including the "Quote-in-a Box" software used by most structured settlement annuity issuing life insurance companies such as Aviva, New York Life, John Hancock, Liberty, Pacific Life, MetLife in the structured settlement industry. The transaction is expected to close within the next 60 days.
According to the release on Business Wire, the acquisition will give Accenture an industry-leading life insurance platform with a full spectrum of processing capabilities, from front-office sales to back-office policy administration. Accenture will maintain and enhance NaviSys’ existing services and leverage NaviSys software to develop new business process outsourcing (BPO) services for life insurers in North America. One hopes that this combination will be bonus to the structured settlement industry.
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