
Accenture Insurance
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Accenture Insurance leadership discusses how Life and P&C insurers achieve high performance. Latest industry research, blog posts and events for the insurance industry.
Accenture Insurance
2d ago
Fueled by rapid technological advancements, demographic changes and shifting consumer expectations, the Life & Annuity industry is set for several transformative changes in 2025. Swiss Re forecasts average global real premium growth of 2.6% in 2025 and 2026, with life insurance projected to expand globally by 3% annually— more than twice the pace of the…
3 life insurance underwriting predictions for 2025 ..read more
Accenture Insurance
1w ago
The insurance industry faces major changes in 2025. Demographics, climate impacts and geopolitical change are shifting the landscape—literally and figuratively—and will push insurers to adapt. Faced with new opportunities and risks we expect the industry to challenge orthodoxies and spark reinvention. 1. The aging population becomes the dominant industry force. Longer life spans and lower fertility…
5 predictions for the insurance industry in 2025 ..read more
Accenture Insurance
3w ago
In today’s competitive landscape, the lines between product and price offerings among Asian insurers are blurring, compelling companies to find innovative ways to capture customer attention and secure their business. As a result, customer engagement and experience have become paramount to success. Despite insurers’ efforts to prioritize customer-centric approaches and personalized experiences, a staggering 74%…
Three key levers to reinvent insurance customer relationships ..read more
Accenture Insurance
1M ago
As 2024 draws to a close, we are delighted to gather for the Insurance News Analysis year-end edition. 2024 set yet another heat record. And we are looking at a fifth consecutive year of more than $100 billion of insured losses from catastrophic events linked to climate change. We discuss how insurers are adjusting to this fundamental…
Insurance News: 2024 in review ..read more
Accenture Insurance
1M ago
As 2024 draws to a close, it’s a good time to reflect on what the insurance industry achieved, what surprised us and how longer-term trends progressed. From an industry results perspective, 2024 was a strong year. Buoyed by rate increases and continued (but diminishing) interest rates, carriers saw global insurance premiums grow by 4.6% in…
5 reflections on the insurance industry in 2024 ..read more
Accenture Insurance
2M ago
Insurers that focused on modernizing technology and improving their data, analytics and artificial intelligence (AI) capabilities are now able to incorporate generative AI (gen AI) as a natural next step on their reinvention journey. Gen AI is changing everything. It is being used throughout the value chain to improve customer interactions, streamline operations and support…
The guide to generative AI for insurance ..read more
Accenture Insurance
2M ago
Strategic claims segmentation diverges from the traditional ways of managing claims, promoting a more detailed, data-driven approach. Traditional segmentation only considers the monetary value and data points such as the cause of loss and the exposure. Strategic segmentation considers the individual merits of each claim, ensuring more accurate and efficient adjudication, a major priority in…
Driving claims insights for insurance carriers ..read more
Accenture Insurance
4M ago
As we bid farewell to 2023 in this final Insurance News Analysis of the year, we are happy to welcome Cory McAnelly, Assistant Vice President of Enterprise Innovation Strategy at Principal, to join as we delve into what made the headlines this year. We start with a recurring theme: generative AI. Cory brings his perspective…
Insurance News: 2023 in review ..read more
Accenture Insurance
4M ago
The Qorus-Accenture Innovation in Insurance Awards prides itself on celebrating the world’s leading innovators in the sector. The awards’ ultimate accolade – the Global Innovator 2022 – recognizes an insurance business that not only manifests innovation in fresh, exciting ways, but lives innovation through its strategy and day to day practices. This year, there was…
Discovery – a holistic, ongoing innovation story ..read more
Accenture Insurance
4M ago
Cyber is an expanding net-new growth area with opportunity to deliver a compelling insurance offering especially in the mid-market. Yet, the path to becoming a market-leading and profitable cyber insurer is fraught with challenges. In this article, we outline the essential strategies to develop a top-tier cyber offering, culminating in a guide to the 7…
7 strategic cyber steps for the Chief Underwriting Officer ..read more