Over the last few weeks, the market has seen several new business acquisitions taking place. From our perspective it’s great to see that the insurance industry is remaining so buoyant, despite the challenges we have all faced over the last 12 – 18 months.
As a software partner, we have supported many of our customers when a new acquisition is about to take place. Over the years some of these deals have been complex, some have needed to be delivered in a very short timeframe and some have simply been plain sailing. But it’s fair to say that from every acquisition we’ve supported, we’ve grown as a partner and learnt a thing or two along the way.
Technology is a major part of any business acquisition because it encompasses a multitude of assets. From transferring email addresses through to changing applications or even relocating large amounts, terabytes even, of customer data, it all needs to be handled securely and with the utmost of care. To add to this, connectivity must remain 100% stable to ensure that the end consumer is unaffected by any new changes.
As such, drawing up the ‘To Do’ list from a technology aspect for a new business acquisition may seem like an endless task. But there is one important aspect that sometimes is only given a small amount of consideration, the broking software platform or quite simply, the software house.