Insurance

NEW YORK; May 18, 2017 – Insurance coverage for autonomous vehicles will bring US$81 billion in new premiums to the U.S. auto insurance industry over the next eight years, driven by risks related to cybersecurity, software and hardware and by the need for additional public infrastructure coverage, according to a new report from Accenture (NYSE: ACN) and Stevens Institute of Technology. 

LONDON; Apr. 27, 2017 – Emerging technologies such as artificial intelligence, the internet-of-things and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards announced in London. Aimed at showcasing the best examples of insurance technology innovations in multiple categories, the awards this year attracted nearly 220 entries from nearly 150 institutions in 38 countries.

NEW YORK; Apr. 19, 2017 – Insurance executives believe that artificial intelligence (AI) will significantly transform their industry in the next three years, with insurers investing in AI to empower agents, brokers and employees to enhance the customer experience with automated personalized services, faster claims handling and individual risk-based underwriting processes, according to Accenture’s Technology Vision for Insurance 2017. 

LONDON, NEW YORK and HONG KONG; March 30, 2017 – Artificial intelligence (AI) and the internet of things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, new research from Accenture (NYSE: ACN) shows.

NEW YORK, LONDON, HONG KONG; Jan. 11, 2017 –Seven in 10 consumers around the world would welcome robo-advisory services – computer-generated advice and services that are independent of a human advisor – for their banking, insurance and retirement planning, according to a new report by Accenture (NYSE: ACN). Yet, a large number of consumers still want human interaction for their more complex needs, leaving firms challenged with blending a physical presence with an advanced digital user-experience, as they look to integrate robot and human services.

PARIS, NEW YORK and HONG KONG; Dec. 9, 2016 – Efma and Accenture (NYSE: ACN) have issued a joint call for entries for the second annual Innovation in Insurance Awards, with insurance and bancassurance companies invited to submit their entries by 8 March 2017. 

NEW YORK; Oct. 25, 2016 – Accenture (NYSE: ACN) has released an updated version of the Accenture Life Insurance & Annuity Platform (ALIP) New Business and Underwriting component that enhances productivity levels for underwriters and case managers through a new workbench that streamlines navigation and centralizes information.

NEW YORK, LONDON, HONG KONG; Sept. 20, 2016 – Accenture (NYSE: ACN) has created a prototype of a new capability that enables blockchain technology to be edited under extraordinary circumstances to resolve human errors, accommodate legal and regulatory requirements, and address mischief and other issues, while preserving key cryptographic features. The prototype represents a significant breakthrough for enterprise uses of blockchain technology particularly in banking, insurance and capital markets.