Atos Origin, an international IT services company, today announced that it has signed a new five year contract worth over £13 million with Munich Re in the UK.
Munich Re is one of the world's leading re-insurance companies. Under the contract Atos Origin will develop and manage all IT applications and systems for Munich Re's UK businesses.
The decision to appoint Atos Origin forms part of Munich Re's IT strategy in the UK to further strengthen its client services and more cost effectively manage its risk through improved and standardised IT systems and policies. The new contract replaces a number of existing contracts and will provide Munich Re (UK) with an improved, more flexible and cost efficient service.
"Atos Origin proposed a simpler and more efficient solution that will enable us to better meet our future business requirements," said Chris Everson, UK Head of Business Solutions at Munich Re. "The new service from Atos Origin provides us with the flexibility and control that we need to better manage risk, respond faster to changes in the market place and ensure compliance with new regulations."
The Atos Origin solution provides the ability to flex on-shore and off-shore based on business and technical requirements with the services being delivered seamlessly from the UK and India. The Atos Origin team in India will focus on applications development and management, while the team in the UK will work closely with Munich Re (UK) to manage testing, design further service improvements and to ensure that the systems continue to meet the needs of the business.
"This is a new name client for Atos Origin and further strengthens our position in the financial services sector," said Bryn Barlow, vice president for Financial Services at Atos Origin. "Through our global sourcing model, we are able to provide Munich Re with a competitively priced and flexible solution that will enable them to focus on delivering high value services to their customers in the UK and Ireland."