Munich Re has signed a £13 million, five year application services deal with Atos Origin.
The reinsurer said Atos Origin will develop and manage all of its IT applications and systems in the UK. The new contract replaces deals with a number of other suppliers, to provide what Munich Re calls a more “cost efficient” and flexible service.
Munich Re is attempting to standardise IT systems and policies in order to improve efficiency and cut costs. It uses SAP extensively across its operations.
Atos Origin will deliver testing, service tweaks and application management from the UK, and application development and management from India.
Chris Everson, UK head of business solutions at Munich Re, said: “Atos Origin proposed a simpler and more efficient solution that will enable us to better meet our future business requirements.
"The new service ... provides us with the flexibility and control that we need to better manage risk, respond faster to changes in the marketplace and ensure compliance with new regulations."