Accenture Claim Components rated “Strong Positive” by Gartner

I’m pleased to report that for the fourth consecutive year, Accenture Claim Components has received a “Strong Positive” rating in Gartner’s “MarketScope for North American Property and Casualty Insurance Claims Management Modules.”

Gartner’s MarketScope ranking for P&C insurance

Strong Positive is the highest ranking available in Gartner’s MarketScope ranking, which is based on seven criteria:

  • Market understanding.
  • Offering and product strategy.
  • Product and service.
  • Overall visibility.
  • Customer experience.
  • Sales execution and pricing.
  • Sales strategy.

The report highlights the strengths of Accenture Claim Components, especially our:

  • Codeless configuration, which enables business analysts to configure custom data fields and claims processing workflow without the need for scripting language.
  • Unprecedented business intelligence that’s based on advanced and real-time analytics, customizable dashboards and a comprehensive claims data model.
  • Next-level customer and agency interaction, driven through portal and mobile capabilities for agents and policyholders.

According to Gartner:

“Accenture Claim Components is a strong, full-featured claims management offering from a large, stable organization. The system has proven scalability, advanced features that many competitors lack and a broad line of business support. It’s a compelling offering—especially for large, multiline insurers.”

Many thanks to our clients, and the team at Accenture Claim Components, for helping us continue to be leading providers in the P&C claim management space.

Learn more about how Accenture Claim Components offers P&C insurers an end-to-end claims management solution.

Michael Costonis

About Michael Costonis

Michael Costonis is Managing Director of Accenture’s Insurance practice for North America. He is responsible for setting the overall vision and strategy for the practice, as well as pursuing new client relationships.

Costonis has twenty years experience developing, managing and deploying large scale technology systems, business processes, and strategies for some of the world’s leading insurers, including property & casualty, life, and multi-line insurance companies. In his career with Accenture, he has worked with more than 50 leading insurance clients in 14 countries around the world.

In addition to his role as North America industry executive director, Costonis is the lead for Accenture’s global claims services. In that role, he oversees claims strategies, assets, capabilities, and sales development. He also has led Accenture’s Insurance Solutions practice in North America, where he was responsible for driving growth for Accenture’s asset-based business in Insurance, including claims, underwriting, and policy administration.

Costonis has authored several articles in leading insurance trade publications, and has been quoted in The New York Times, Bloomberg News, Reuters News, Best’s Review, Insurance & Technology, InformationWeek, National Underwriter, Technology Decisions, and the Philadelphia Inquirer. He has spoken at several leading industry conferences in the U.S. and internationally.

Costonis received a bachelor’s degree in political science from Swarthmore College (Swarthmore, PA). He is based in Philadelphia.


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