Axco Partners with Impendulo to Launch New Tax and Compliance Data Service
Axco Insurance Information Services (Axco), the leading supplier of global insurance market information, has announced a new partnership with Impendulo, specialists in Insurance Premium Tax compliance. Combining the firms’ expertise in regulatory insurance market data, they have launched ‘TACT’ (Tax and Compliance Tools), a new service targeted at multinational insurers, risk managers and brokers.
The collaboration aims to shift the focus from ‘off the shelf’ compliance and tax tools, to solutions designed to respond to the unique business challenges and operational infrastructure of the customer. The new service will address the significant issue of insurance regulation and will encourage cohesion between the often disjointed worlds of compliance and tax.
Tim Yeates, Managing Director at Axco, stated: “We have been working alongside Impendulo for a number of years so I am delighted to announce a formal partnership with them to deliver ‘TACT’.
“Fines for tax and compliance breaches not only have a financial impact, but bring reputational damage to multinationals unaware their insurance programmes have breached local laws. This is exactly what our new service has been designed to help avoid.”
Chris James, Managing Director of Impendulo, added: “Partnering with Axco to deliver the new service was a logical step, combining our respective areas of expertise and delivering what we consider to be a real step change to the industry. Designed with the customer in mind, TACT will improve the accuracy and efficiency of complex, multinational programmes.”
Axco is the leading supplier of global insurance market information with over 50 years’ experience in researching and publishing industry intelligence on insurance and employee benefits. Its unique business model and methods of research have enabled the development of an extensive suite of products comprising in-depth reports, focused profiles, Q&A databases, intelligent questioning tools, and email services which are delivered to every corner of the globe.
Impendulo is a specialist tax consultancy, focussing solely on the Insurance sector. They work closely with Clients to develop highly customised insurance tax compliance solutions, processes and tools, which deliver tangible benefits and excellent return on investment. Impendulo is able to match the needs of Clients by utilising cutting-edge technology to harness the specialist knowledge of an in-country network and global partnerships.
For more information about TACT please visit insurancetact.com
For more information about Impendulo and Axco please do not hesitate to get in touch: