What Ravenswood Consulting does

Ravenswood Consulting is an Australian insurance IT consultancy founded in 2001 that delivers software solutions, digital transformation, and consulting services exclusively to insurance organisations. Headquartered in Melbourne with offices in Brisbane, Sydney, Adelaide, Wellington, and London, the firm operates across Australia, New Zealand, and the United Kingdom. The firm claims 25+ years of accumulated insurance IT delivery experience and operates with a deliberately narrow vertical focus on the insurance sector rather than serving multiple industries.

The firm's offering is structured around four branded software solutions: rwExtend (insurance platform extensions and bolt-on functionality), rwInnovate (innovation and emerging-technology services), rwInsure (a purpose-built, AI-native insurance platform), and rwTransform (legacy system transformation). Delivery is augmented by an AI-native engineering partnership with Orchestrated, which enables AI-composed requirements, agentic application development, AI-generated test cases, and rapid AI prototyping. The London office is positioned to serve the Lloyd's and London Market insurance ecosystem. Underlying technical components centre on insurance-specific platform engineering rather than general-purpose software development.

Ravenswood operates a professional services business model, generating revenue through consulting engagements, project-based delivery, and managed services within the insurance vertical. The firm is privately held and bootstrapped, with no external funding rounds disclosed. Its go-to-market is anchored on vertical specialisation in insurance, multi-office geographic reach across AU/NZ/UK, and a defined suite of branded methodologies and platforms that can be deployed against client modernisation programmes.

Name

Ravenswood Consulting

Legal name

Ravenswood Consulting

Website

https://ravenswoodconsulting.com.au

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Ravenswood Consulting is a Melbourne-based insurance IT consultancy, founded in 2001, that delivers software and transformation services exclusively to insurance organisations across Australia, New Zealand, and the UK. It offers four branded platforms and AI-native delivery via Orchestrated.

Ownership category

akta.pro rank

Product category

Insurance IT Consultancy

NAICS

Administrative Management and General Management Consulting Services (541611), Management Consulting Services (54161), Computer Systems Design and Related Services (54151), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Strategy & Corporate Development Consulting (BPAHACAA)

akta.pro secondary industries

Data, Analytics & AI Consulting (BPAHAEAF), Innovation, Product & R&D Consulting (BPAHACAM), Data, Analytics & AI Consulting (BPAHACAI)

Keywords

• Insurance IT consultancy
• Insurance systems integration
• Policy administration software
• Insurance legacy modernization
• AI-augmented delivery

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Insurance IT Consultancy Services: Professional consulting services delivered across the full insurance IT project lifecycle, including business analysis, system design, project management, data migration, testing & QA, change management, training, production support, system integration, regulatory compliance, process optimisation, and technology strategy. Revenue is generated through consulting engagements with insurance organisations, with pricing based on project scope and team composition.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ravenswood Consulting is an insurance-focused IT and business consultancy that helps insurance organisations deliver projects across the full lifecycle, from business analysis and system design to data migration, testing, regulatory compliance, and legacy modernisation. The firm also sells four branded software offerings (rwExtend, rwInnovate, rwInsure, rwTransform) spanning system extension, innovation, core platform build, and business transformation, augmented by AI tools across the delivery lifecycle and a strategic AI-native insurance platform built in partnership with Orchestrated.

Product overview

Ravenswood Consulting offers a portfolio of four branded software solutions for the insurance industry — rwExtend, rwInnovate, rwInsure, and rwTransform — spanning system extension, innovation, core platform building, and transformation services. The portfolio also includes a partnership-enabled AI-native insurance platform built with Orchestrated, combining Policy Administration, Claims Management, and Insurance Accounting in a unified, AI-embedded system.

Differentiator

Problem solved

Functional benefit

Brands

• rwExtend: Specialist insurance IT resources to enhance, integrate, and optimise existing platforms without replacing them.
• rwInnovate
• rwInsure
• rwTransform

Products and services

• rwExtend

Quantifiable outcome

• Projects delivered faster with fewer rework cycles
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

One partnership is on record.

• OrchestratedcoreStrategic or Co-development PartnerRavenswood Consulting has partnered with Orchestrated, an AI software development firm specialising in strategy, transformation and AI-native delivery. Together, they combine deep insurance domain expertise with cutting-edge AI engineering to deliver custom AI solutions built specifically for insurers and MGAs. The partnership focuses on building next-generation AI-native core insurance systems designed from day one for how modern insurers and MGAs operate.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Accenture Insurance Industry practice: Accenture's insurance practice delivers large-scale IT transformation, core platform replacement, and AI engineering across insurers globally. Most direct large incumbent competitor for tier-1 insurance transformation programmes that Ravenswood cannot staff independently.
• Cognizant Insurance & Healthcare / TriZetto: Cognizant's insurance practice (anchored by TriZetto) provides consulting, systems integration, and proprietary platforms to P&C and life insurers. Comparable core systems and consulting focus, materially larger scale and a US-centric delivery model.
• TCS (Tata Consultancy Services) Insurance BPS & Consulting: TCS provides large-scale insurance IT consulting and platform modernization across global insurers, with strong UK and Australia presence. Competes for the same tier-1 transformation mandates as Ravenswood's larger peers but at a vastly different scale.
• DXC Technology (Insurance Services / Xchanging heritage): DXC's insurance division, built on the Xchanging BPS acquisition, provides large-scale insurance IT and business process services globally. Directly comparable as a provider of insurance-focused technology consulting and platform modernization, though at vastly greater scale and breadth than Ravenswood.
• Capgemini Financial Services (Insurance): Capgemini runs a dedicated insurance IT consultancy practice covering P&C, life, and reinsurance transformation across global markets. Comparable in that it competes for insurance IT modernization mandates and has Lloyd's/London Market presence, but operates at tier-1 scale with a broader portfolio than Ravenswood.
• Infosys (Finacle / Insurance practice): Infosys combines insurance-domain consulting with its Finacle core banking/insurance platform and global delivery capability. Comparable as an insurance IT consultancy with proprietary platform ambitions, though far broader and larger than Ravenswood.

Direct peers

• WNS (Insurance BPS & Consulting): WNS combines insurance-specific business process services with technology consulting and platform modernization support. Comparable in focus on P&C, reinsurance, and London Market, with similar AI-augmented delivery narratives competing for the same transformation budgets.
• EXL Service (Insurance & Analytics): EXL provides analytics-led insurance operations and technology consulting, with strong presence in underwriting, claims, and reinsurance. Closely aligned to Ravenswood's domain-led delivery model, with particular overlap in Lloyd's/London Market and Australia/NZ engagements.
• BSG (Business Solutions Group) — Australian insurance consultancy: BSG is an Australian-headquartered consultancy delivering core insurance platform implementations and digital transformation to insurers and MGAs in the AU/NZ market. The closest geographically and segment-aligned comparable peer to Ravenswood.
• Mphasis Insurance Practice: Mphasis delivers insurance IT consulting, core platform integration, and digital transformation across P&C and life insurers. Closest comparably-sized competitor pursuing similar Lloyd's/London Market and AU/NZ insurance engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ravenswood-consulting

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ravenswood Consulting