XPS Group marks one year anniversary of Insurance Consulting practice

XPS Group marks one year anniversary of Insurance Consulting practice

01 Oct 2025

XPS Group, a leading UK consulting and administration business specialising in the pensions and insurance sectors, today marks the one-year anniversary of its Insurance Consulting practice.

Formally launched on 1 October 2024, the Insurance Consulting practice has quickly established itself as a fast-growing and trusted adviser to insurers across the UK. A key milestone in the past year was the acquisition of Polaris Actuaries and Consultants in February 2025, which expanded XPS’s capabilities and accelerated its ambition to redefine how consulting services are delivered to insurers, with a focus on agility, innovation and measurable results.   

Over the past 12 months, XPS has pioneered the use of AI-empowered analytics to tackle industry challenges and create practical solutions. This includes streamlining the pension risk transfer process, enhancing insurers’ operational efficiency and providing deeper insights into finance metrics. These innovations are helping insurers adapt to regulatory pressures, manage risk more effectively and embrace new technologies, delivering measurable outcomes and cost savings.

XPS operates an agile model that brings together the right specialist for each challenge. The senior leadership team has grown from two to 11 partners and management consultants. The practice supports 14 insurers across the life & annuity, and the general insurance markets.

Commenting on the milestone, David Honour, Head of Insurance Consulting at XPS, said:

“We are immensely proud of what the team has achieved in just one year: building a client-focused, outcome-driven business that is already delivering measurable impact. With the integration of Polaris complete, a growing client base, and demand for innovative solutions continuing to rise, we are excited about the years ahead as we continue to build a best-in-class insurance consulting practice.”