Bracknell, Berkshire, UK â April 11th, 2005 â Actuate Corporation (NASDAQ: ACTU), the world leader in Enterprise Reporting Applications, today announced that it has appointed Insurance industry specialist, David Smart, to underpin its campaign to increase penetration in the UK and European Insurance markets for its business reporting solutions that distribute online information to 100% of a companyâs targeted users, both inside and outside the firewall.
David is a well-known and much respected figure in the insurance industry where he has worked for more than 16 years. He is a regular contributor and speaker on the technology and business conference circuits in the UK and Europe and has a keen understanding of insurance business information analytics and reporting, risk management, insurance, fraud and personal injury claims; experience that he garnered working with most of Europeâs major insurance companies. After University, and several years working for The Economist Group, David worked as a Risk Information Consultant within the insurance broking community before moving to specialist insurance systems and data service providers including Figtree, Rand and PMSC. David spent several years as Business Development Director at Insurance Services Office before joining Actuate in November 2004 to head its strategic campaign into the insurance market. David holds a Bsc in Economics and Politics from the University of Bath and is an Associate in Risk Management from the Insurance Institute of America.
"Actuate has deep experience in addressing the enterprise reporting needs of global 9000 organisations by presenting information from disparate systems into effective information for key decision-makers," comments David. "This enables companies to directly improve corporate performance, minimise risk and increase customer retention and represents a tremendous market opportunity with insurance companies who face their own challenges to reduce leakage, improve partner and customer communications and meet exacting regulatory demands. I look forward to helping realise Actuateâs potential in the Insurance market."
"With David on board, Actuate will benefit greatly from his extensive industry experience," said John Maxwell, Actuateâs VP of International Operations. "We are the reporting system of choice for more than 40% of the Fortune 1000 financial services companies, and we look forward to positioning Actuate as the best in class enterprise reporting partner for the insurance industry that enables 100% adoption of information throughout their organisations."