Aventum Group has announced a $12 million investment in technology over the next two years. The initiative will establish an in-house technology infrastructure across its global operations.
The group now dedicates 25% of its global workforce to technology and IT roles, including a specialized Innovation Lab designed for rapid experimentation.
Aventum says that the centerpiece of this investment is the development of ATOMX, a proprietary technology platform aimed at enhancing operational efficiency. Once fully implemented, ATOMX is expected to save 1,000 staff hours monthly and reduce costs by more than $2 million annually.
ATOMX is a cloud-native platform comprising 10 API and AI-driven products, including tools for claims, bordereau management, pricing, and workbenches for brokers and underwriters. The system is designed for scalability and flexibility, supporting multiple lines of business.
The company’s 130-member tech and IT team has been fully integrated across Aventum’s operations within a year and has begun deploying ATOMX’s foundational components.
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Hasani Jess (pictured above), Aventum’s chief technology officer, described the project as a bold commitment to innovation.
“To have the skills, culture, finance and vision to do this is rare, but then Aventum always dares to be different and that vision has been driven from the top. In reality, when you truly understand the cost benefit analysis, and bearing in mind the unique winning culture at Aventum, there is really no other option,” Jess said.
Jess joined Aventum 12 months ago, bringing experience from his role as CTO at Simply Business, where he led a significant digital transformation. His prior positions at companies such as Deutsche Bank, UBS, IBM, and Visa further support his ability to drive technology initiatives on a large scale.
Aventum CEO David Bearman called the project one of the most ambitious technology programs undertaken in the London Market.
“We’ve spent the last 12 months aligning the talent and investment and we’re now in a strong position to rise to the challenge. Just like the development of an F1 car there will be a lot of resilience testing, but at the end of it, we’ll have a high performance vehicle and no one will catch us,” he said.
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