Munich Re, one of the world’s leading re-insurance companies, has signed a new five-year IT outsourcing contract with Atos. Under the contract, worth over £13 million, Atos Origin will develop and manage all IT applications and systems for Munich Re’s UK businesses.

The decision to appoint Atos Origin forms part of Munich Re’s IT strategy in the UK to strengthen its client services and more cost effectively manage its risk by standardising IT systems and policies. The new contract will replace a number of existing contracts.

“Atos Origin proposed a simpler and more efficient solution that will enable us to better meet our future business requirements,” said Chris Everson, UK Head of Business Solutions at Munich Re. “The new service from Atos Origin provides us with the flexibility and control that we need to better manage risk, respond faster to changes in the market place and ensure compliance with new regulations.”

Atos Origin will deliver the services from the UK and India. The Atos Origin team in India will focus on applications development and management, while the team in the UK will work closely with Munich Re (UK) to manage testing and design further service improvements.