Insurance

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. 

NEW YORK and LONDON; August 2, 2016 – Accenture (NYSE: ACN) has completed the sale of a majority stake in Duck Creek Technologies to funds advised by Apax Partners, a leading global private equity firm. As part of the agreement, which was originally announced on April 18, Accenture and Apax have formed a joint venture in which Apax funds hold a 60 percent stake in Duck Creek Technologies, and Accenture retains a 40 percent stake. Duck Creek will leverage new access to capital to accelerate development and expansion of property and casualty (P&C) insurance technologies.

NEW YORK; June 7, 2016 – Accenture (NYSE: ACN) has been chosen by Selective Insurance Company of America (Selective), a subsidiary of Selective Insurance Group, Inc. (NASDAQ: SIGI), as its strategic Customer Relationship Management (CRM) service provider to help elevate the company’s customer service capabilities. 
 

PARIS and NEW YORK; May 11, 2016 – Efma members have until 12 May to vote for the first-ever Efma-Accenture Innovation in Insurance Awards winners.

LONDON; May 5, 2016 – Major European banks and insurance companies are ready to embrace digital technologies, but they are nearly 50 percent more effective in identifying the value of innovations than actually applying them to streamline their businesses, according to an Accenture (NYSE: ACN) analysis of 53 institutions in the continent’s five largest economies.

NEW YORK; April 26, 2016 – While the next wave of digital technologies will transform the very nature of insurance organizations – including what they do and how they do it – those that succeed will do so by dramatically transforming their workforces and cultures to operate in a digital world, according to a new report from Accenture (NYSE:ACN). 

NEW YORK and LONDON; April 18, 2016 – Accenture (NYSE: ACN) and Apax Partners, a leading global private equity firm, have agreed to form a joint venture to accelerate the innovation of claims, billing and policy administration software for the insurance industry.  As part of the joint venture, funds advised by Apax will acquire a 60 percent stake in Accenture’s Duck Creek Technologies, with Accenture retaining a 40 percent stake. The joint venture will operate as a new and independent company. 

ZURICH and BOGOTA, Colombia; Mar. 23, 2016 – Accenture (NYSE: ACN) recently completed building and implementing a new core insurance information technology system for Zurich Insurance Group (Zurich), marking the insurer’s entrance into the property and casualty (P&C) business in Colombia as part of its strategy for expansion in Latin America.

NEW YORK; Mar. 23, 2016 – Accenture (NYSE: ACN) has been positioned in the “Leaders” quadrant by Gartner in the February 2016 “Magic Quadrant for Life Insurance Policy Administration Systems, North America¹” evaluated for its Accenture Life Insurance & Annuity Platform (ALIP).