Howden Group Holdings has made a number of changes to bring its digital, data, and analytics capabilities “ever closer” to the insurance group’s clients.
As part of the so-called “strategic alignment,” the above capabilities will be embedded directly into the client-facing business areas where they’re used. Below are the changes taking effect come April.
|
Unit |
What it is or does |
What’s happening |
|
Howden Analytics |
Includes information platform NOVA and advisory practice Howden Capital Markets |
Will join Howden RE |
|
Howden Markets |
Uses data and insights to drive better client outcomes |
Will join Howden Broking |
|
Rethink |
Algorithmic follow-only managing general agent |
Will join DUAL |
|
Howden Digital |
Digital market platform that connects buyers to capacity |
Will join Howden Specialty |
|
Howden Data |
Led by Howden Broking chief financial officer Serge Thieriet |
Will drive the group’s data agenda |
“As a group,” said Howden Group chief executive David Howden, “we made significant investment into our data and digital capabilities over the past few years, and today this is increasingly becoming business-as-usual for Howden and DUAL, strategically and operationally, including how we trade with clients and markets.
“Embedding these core skills back into the business will enable us to take full advantage of the products, skills, and unique capabilities we have created in HX, accelerating the creation of innovative solutions for clients.”
HX was Howden Group’s data, digital, and analytics arm. It was introduced in 2019 and has since grown to a headcount of more than 250 people spread across 19 teams.
“When we launched HX, we knew that expanding our tech, data, and analytics capabilities would be critical to our future success,” stated Howden Broking chair and HX executive chair Barnaby Rugge-Price. “I believed then that the evolution of our industry’s proposition was the most important challenge we faced, and we took that challenge head on.
“We have spent the three years carefully developing our capabilities, investigating this space and incubating our own start-up ventures while attracting the best talent. These teams, now sitting within the business areas but crucially continuing to work collaboratively, will further drive the creation of new capabilities and enhancement of our existing digital, data, and analytics platform delivery.”
According to Rugge-Price, nearly US$300 million of premium flows through the Howden Digital trading platforms.
