Michael Costonis is a Senior Managing Director in Accenture’s Financial Services Practice. He is responsible for managing the Financial Services North America East Client Group, which represents $1.2B in annual revenue across Banking, Capital Market, Property/Casualty and Life clients. A key element of Michael’s role is to help our clients chart the course through digital disruption in today’s rapidly changing marketplace.
Costonis has 25 years of experience developing strategies, managing technology transformations, navigating business processes process change, and shaping the future for some of the world’s leading companies. In his career with Accenture, he has worked with more than 50 leading insurance clients in 18 countries around the world.
Prior to his current role, Michael was responsible for the Insurance Industry Program for North America. In that capacity, he set the overall vision and strategy for the practice, and pursued new client relationships.
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, Financial Times, Forbes, Best’s Review, Insurance & Technology, InformationWeek, National Underwriter, Technology Decisions, and the Philadelphia Inquirer. He is a sought after public speaker, having addressed many 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.