Howden Group Holdings has made a strategic alignment of its digital, data and analytics capabilities by embedding them directly into the client-facing business areas in which they support.
HX was launched in 2019 to develop key areas of the group’s digital, data and analytics platform delivery and accelerate the growth of Howden and DUAL through the use of data, analytics and technology.
The company also announced that Howden Markets, the team that uses data and insights to drive better outcomes for clients, will become part of Howden Broking. With Toby Pollard, Head of Howden Markets, joining the Howden Broking Group Executive Committee.
David Howden, CEO, Howden Group commented: “As a group, we made significant investment into our data and digital capabilities over the past few years and today this is increasingly becoming business-as-usual for Howden and DUAL, strategically and operationally, including how we trade with clients and markets.
“Embedding these core skills back into the business will enable us to take full advantage of the products, skills and unique capabilities we have created in HX, accelerating the creation of innovative solutions for clients.”
Barnaby Rugge-Price, Executive Chairman, HX and Chairman, Howden Broking added: “Our successes over the past 12 months alone speak for themselves.
“Nearly $300m of premium is now flowing through our Howden Digital trading platforms including over $75m of exclusive premium delivered to Howden brokers via Rethink, we launched Nova’s market leading platform and a series of widely admired research publications, and our Howden Markets and Data teams worked to develop better data and actionable insights for markets, colleagues and clients.
“When we launched HX we knew that expanding our tech, data and analytics capabilities would be critical to our future success. I believed then that the evolution of our industry’s proposition was the most important challenge we faced, and we took that challenge head on.
“We have spent the three years carefully developing our capabilities, investigating this space and incubating our own start-up ventures while attracting the best talent.
“These teams, now sitting within the business areas but crucially continuing to work collaboratively, will further drive the creation of new capabilities and enhancement of our existing digital, data and analytics platform delivery.”
