AUB Group
AUB Group, a leading Australian insurance broker, is taking a big step into the U.K. by purchasing an 80% stake in Movo Group.

AUB Group, a leading Australian insurance broker, is taking a big step into the U.K. by purchasing an 80% stake in Movo Group. This deal covers Movo's network, equity broking group, and insurance tech platform, Durell Software. While waiting for regulatory approval, BruntWork, an outsourcing agency, sheds light on how outsourcing can give companies like AUB a leg up in the industry.

AUB Group Enters the U.K. Market

AUB Group's decision to acquire a majority stake in Movo Group aims to expand its reach into the U.K. insurance market. With this acquisition, AUB plans to bring its experience from Australia and New Zealand to a new audience. The deal will open up new opportunities for Movo's partners and clients, providing them with more services and options.

Mike Emmett, CEO of AUB Group, notes that this investment fits their broader goals in the U.K. retail broking sector. It allows Movo to remain independent while using AUB's resources and expertise.

For BruntWork, outsourcing is a smart strategy for companies involved in expansions like this. Outsourcing non-core tasks allows insurance firms to focus more on their primary business activities and innovations. BruntWork's approach helps companies like AUB Group streamline operations, allowing them to maintain high service levels while managing costs. Winston Ong, CEO of BruntWork, explains, "Outsourcing frees up companies to concentrate on what they excel at, with experts handling the rest."

The Role of Technology in Insurance Outsourcing

A significant part of AUB's acquisition of Movo is the integration of Durell Software, a platform designed to enhance Movo's operations. Durell's tools for policy management and front-office functions will make Movo's processes more efficient. This deal shows the growing role of technology in the insurance industry. Ong says, "Technology enhances rather than replaces human skills."

BruntWork's tech-driven outsourcing services make it a strong partner for insurance companies looking to modernise their operations. The company focuses on improving efficiency and quality while keeping costs down. With a team of experienced insurance professionals and advanced technology, BruntWork ensures smoother operations and better customer experiences.

BruntWork's Approach to Insurance Outsourcing

BruntWork stands out in insurance outsourcing with its flexible pricing, ongoing support, and a strong focus on data security. It aims to deliver outsourcing solutions that are efficient, transparent, and customised to each client's needs. Ong states, "Our goal is to build long-lasting partnerships that drive success." Its clients can achieve their business goals without sacrificing service quality.

BruntWork's outsourcing model is well-suited to complement acquisitions like AUB's. By providing specialised offshore teams and simplifying processes, companies can focus on growth. Its 24/7 operations and team of skilled insurance professionals make BruntWork an ideal partner for companies looking to expand their market presence and enhance their services.

AUB Group's acquisition of Movo Group illustrates the importance of growth and innovation. Acquiring Movo's insurance and technology assets allows AUB Group to strengthen its place in the market and deliver more value to its clients. BruntWork sees outsourcing insurance services as a practical way to support such growth, providing the necessary expertise and efficiency.