Firm hires industry veteran Peter McMurtrie, transfers long-tenured partners to serve growing technology needs of insurance clients.
West Monroe, a global business and technology consulting firm, has announced significant investments to strengthen its focus on the insurance sector. This initiative includes expanding industry-specific services, enhancing assets and talent, and making strategic investments, with the goal of doubling the insurance practice by 2025.
West Monroe has been delivering significant value to insurance carriers and brokers for over a decade, particularly through portfolio work for private equity firms and significant work in data, analytics and AI. After formalizing its insurance practice earlier this year, the practice's growth comes at a critical time as insurers face historic inflation and claims cost, increased M&A activity, and the pressure to integrate advanced technologies such as AI and machine learning.
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