Insurance software-as-a-service provider Acturis Group has reported revenues of £165.5m for the year ended 30th September 2024. It said this was up by £21.4m on the previous year and represented an annual increase of 14.9%. Profit after tax rose from £22.9m in 2023 to £29.9m in 2024.

Acturis said employee numbers were up by 121 to a total of 1,178. It also highlighted that the UK, in particular, was suffering from a skills shortage and that this, in combination with wage inflation, meant a lot of senior management time was needed to identify, recruit and support talent.

Theo Duchen, co-founder and group co-CEO, said: “The Acturis Group continues to go from strength to strength, with a track record of innovation and growth since our founding 25 years ago. This growth is again demonstrated across all of our group companies and territories.

“With 13 offices in 8 countries, the Group is increasingly global in nature and our continual investment and innovation strategy finds us well placed to meet the challenges faced by the markets, allowing our customers to facilitate improved service and efficiency as well as taking advantage of our industry leading services in AI and automation.”