subscribe: Daily Newsletter

 

Deloitte targets insurance with ConVista buy

0 comments

Deloitte (Africa) has acquired the business assets and now directly employees the 30-person team of ConVista Consulting, the South African subsidiary of the German consulting firm ConVista AG, as it continues to expand its financial services capabilities, with a particular focus on the insurance industry.
The acquisition of the ConVista South Africa business, which will now trade as Solutions for Insurance or S4i, will add more than a decade of experience in delivering multimillion rand, innovative solutions for blue-chip clients across the world to the Deloitte Consulting offering.
“We are very excited to have Dylan Evans and his team join us because of their deep expertise and experience in the insurance industry. Their skills and solutions perfectly complement our insurance industry offerings and with this acquisition, Deloitte Africa is better placed to service our insurance clients with state-of-the-art solutions wherever they operate on the continent,” says Deloitte Africa chief executive, Lwazi Bam.
ConVista South Africa was established in 2005 to meet a strong demand for bespoke designed and implemented SAP-based systems for insurance companies. These solutions focus on variable remuneration, primarily for the insurance industry but applicable in many variable pay environments. Over the years, ConVista South Africa has expanded its offerings within the Insurance industry to include strategy, business transformation and technology delivery services. ConVista South Africa also implements claims and collections solutions. In 2009, the company began establishing itself as one of the top SAP BPC consulting companies in the South African market.
Old Mutual and Standard Bank are two of ConVista’s largest clients, where it has enjoyed considerable success. The addition of Deloitte Consulting’s global expertise and capacity enhances the ability to serve these and other important clients in future.
“Deloitte Consulting has been named the number one consulting organisation globally by Gartner Research, and our strategy is to bring the same level of innovation and expertise to our work in Africa. With ConVista South Africa joining us, our expanded financial services portfolio enables us to continue providing the very best service,” says Deloitte Consulting MD Thiru Pillay.
“After a six-month long search for a potential home, we felt that Deloitte was the right choice for us due to alignment in culture, customer focus, strong team orientation and being talent driven with an innovative and entrepreneurial mind-set.  Throughout our dealings with Deloitte, these principles were constantly reinforced,” says Dylan Evans, formerly MD of ConVista South Africa, now a Deloitte Consulting associate director and insurance industry leader for South Africa.
“The insurance industry is in the midst of disruptive times with the emergence of niche players and changing customer behaviour influenced by an increasingly digital world. Against this backdrop, insight driven data analytics and ‘always on’ operating capabilities are required in most businesses, and particularly in short and long-term insurance and assurance companies.
“With the sale to Deloitte Consulting, we believe we have created the perfect marriage to help our clients succeed in these challenges by combining our entrepreneurial mindset, industry expertise and delivery track record, with the globally recognised capabilities of Deloitte Consulting.
“Deloitte is a cutting edge company that brings scale and agility to support its customers, a truly exciting place to work. The response we have received so far from our customers and partners has also confirmed that we have made the right decision. We look forward to creating an even bigger impact in the market as part of Deloitte Consulting,” he adds.