Capco, the management and technology consultancy has announced the appointment of Somnath Ghosh as partner within its UK Insurance practice.
In his new role, he will focus predominantly on finance, risk and regulation as well as insurers’ related data and technology needs.
Somnath will work alongside Matt Hutchins, partner and insurance lead, who joined Capco at the beginning of 2020 with a remit to expand the scope and capabilities of Capco’s Insurance practice in the UK.
With over two decades of experience in financial services and consulting, Ghosh brings specific expertise in IT strategy, business transformation, programme management and global delivery.
Prior to Capco he has held senior consultancy roles at Accenture, KPMG Advisory and Deloitte, as well as director-level roles within financial services organisations.
Hutchins said: “The insurance segment is far from homogenous, but there are a number of core challenges that will be all too familiar to the great majority of firms. These include digital transformation, optimising customer service and ways of working, extracting greater insights and value from data, and mitigating the impact of regulatory change and rising cost pressures. Capco has established a strong track record in all of these areas and Somnath’s expertise and extensive experience will be key as we shape and deliver transformative programmes to insurers and brokers.”
Mike Ethelston, UK managing partner at Capco, added: “We are committed to enhancing the capabilities and talent within our Insurance practice, with a particular focus on leveraging our long-standing strengths around digital and data. That commitment to growing the Insurance practice underlines our continued investment in broadening our consulting footprint within the UK financial services sector. The extensive scoping and implementation work we have already conducted on behalf of our bank clients in preparation for the transition to a post-Brexit operating environment is a further value-add we can offer to insurance companies.”