Reinsurance News
Accenture
Accenture invests in Lyzr to accelerate agentic AI adoption in financial services
12th November 2025
Accenture, a professional services company specialising in digital transformation, cloud, and artificial intelligence, has announced an investment in Lyzr, an AI innovator that has built a comprehensive enterprise agent infrastructure platform. Made through Accenture Ventures, the investment will strengthen collaboration between the two firms to advance the use of agentic AI ... Read the full article
Accenture invests in Reserv to drive growth in claims ecosystem
26th June 2025
Professional services firm Accenture has invested in Reserv, an insurance claims processing company that complements deep claims expertise with AI-driven solutions through Accenture Ventures, with the terms of the transaction undisclosed. The investment will enable the pair to collaborate on claims solutions which are more accurate and efficient, helping underwriters and ... Read the full article
Insurance sector could add up to £59bn to UK annual GDP with gen AI by 2038: Accenture
7th April 2025
Growth in the insurance sector driven by generative artificial intelligence (gen AI) has the potential to inject up to £59 billion to the UK annual Gross Domestic Product (GDP) by 2038, according to a recent report by Accenture. According to the "Generating Growth: How Generative AI can power the UK's reinvention" ... Read the full article
Accenture appoints Carmina Lees as insurance lead for UK & Ireland
1st July 2024
Professional services firm Accenture has recently announced the appointment of Carmina Lees as the local lead for its insurance practice in the UK and Ireland. Lees brings 25 years of industry experience to her new role. She has gained cross-industry expertise and knowledge of emerging technologies, enabling her to help clients ... Read the full article
Matthew Madsen named as Accenture’s Global Insurance Operations Transformation Lead
9th February 2024
Professional services firm Accenture has hired Matthew Madsen as a Managing Director within its Insurance practice. In the role, he will help deliver high-impact solutions for insurers, reinsurers and brokers to help them adopt transformative technologies, as well as help improve the customer experience and develop new ways to enhance business performance. Based ... Read the full article
Accenture acquires P&C tech services provider Blackcomb
6th October 2022
Professional services firm Accenture has announced the acquisition of Blackcomb Consultants, a specialist technology services provider to P&C insurance carriers. Headquartered in Chicago, Illinois, Blackcomb is an independent partner of Guidewire, the P&C cloud platform. Its offerings include policy administration system implementations and upgrades, production support, cloud-hosted services, performance-improvement and organizational-change services. Blackcomb ... Read the full article
$170bn of global insurance premiums at risk by 2027, research suggests
3rd August 2022
According to a new Accenture report, up to $170bn of insurance premiums could be at risk in the next five years due to poor claims experiences, with process inefficiencies in underwriting potentially costing the industry another $160bn over the same period. The report is based on surveys of more than 6,700 ... Read the full article
Supply chain disruptions “could cost Europe almost €1 trillion in lost GDP”
15th June 2022
Supply chain challenges could result in the Eurozone’s GDP losing up to €920 billion (or 7.7%) by 2023, according to a report by Accenture. The potential loss is due to the COVID-19 pandemic and Russia’s invasion of Ukraine. The report, “From Disruption to Reinvention – The future of supply chains in Europe” ... Read the full article
Generali partners with Accenture, Vodafone Business on cyber solutions
15th December 2021
Generali has joined forces with Accenture and Vodafone Business on the creation of cyber insurance services designed to help corporate and SMEs clients more effectively recognize, respond to and recover from cybersecurity threats and incidents. The initiative includes cyber risk assessments, phishing simulations and learning programs. The new services are aligned to ... Read the full article
Demand for digital services could displace $280bn of premiums: Accenture
24th May 2021
Analysts at Accenture have reported that rising demand for digital insurance premiums and their online distribution could displace $280 billion of current insurance revenues by 2025, challenging current customer retention levels. In a new report, Accenture analysed how the insurance industry’s revenues will be affected by new customer, demographic and technology ... Read the full article
Generali, Accenture form tech-focused joint venture
16th December 2020
Generali and professional services firm Accenture have created a joint venture designed to leverage cloud technologies and shared technology platforms, in an effort to accelerate the Italian insurance giant’s digital strategy. In addition to holding a 5% ownership stake in Group Operations Service Platform (GOSP) Accenture will provide the venture with ... Read the full article
Accenture to provide cyber response service for AXA XL clients
11th February 2020
As part of its existing partnership, professional services firm Accenture is to provide its Cyber Incident Response Service to help AXA XL clients respond to and recover from cyberattacks. Accenture will provide post-breach security services for AXA XL clients outside the US, including incident management and information technology (IT) forensics. The ... Read the full article
SCOR automates financial processes with Accenture tech
15th January 2020
SCOR has improved the efficiency of its internal functions by utilising technology from professional services firm Accenture, which has enabled the reinsurer to automate financial processes, among other benefits. Previously, many of SCOR’s key processes within the finance function, including the quarterly-close process, were conducted manually, using spreadsheets, email and the ... Read the full article
AXA XL to offer cybersecurity services via Accenture partnership
25th September 2019
AXA XL, the property & casualty (P&C) and specialty risk division at AXA, has announced it will provide global cybersecurity services to its clients via a new partnership with professional services firm Accenture. Using Accenture’s cybersecurity capabilities, AXA XL will help its underwriters, brokers and clients to gain a deeper understanding ... Read the full article
Generali turns to blockchain for enhanced employee benefits offering
16th April 2019
Professional services firm Accenture and Generali Employee Benefits (GEB) have announced a blockchain-powered solution aimed at enabling participants in the reinsurance process for captive or pooling services to access the same data and reduce processing errors via smart contracts and automated reconciliation. The solution is expected to streamline GEB’s employee benefit ... Read the full article
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