I am delighted that my colleague Tony Steadman joined me to discuss the latest industry headlines in this month’s Insurance News Analysis. Tony is making news himself as a founding member of the just-launched Black Insurance Industry Collective (BIIC). In this edition,…
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In our last post, we discussed how compressive disruption is challenging P&C carriers’ top and bottom lines. We also looked at why we see advice-based wealth management as an attractive market for carriers right now. In this post, we’ll highlight why we…
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As the Science Based Targets initiative (SBTi) guidance for financed emissions celebrates its first anniversary, we want to share three reflections from this very busy year of working with our Insurance and Banking clients on their net-zero targets. Highlights 1. The overall concept…
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There’s been a seismic shift in how people and companies buy and sell services since the beginning of the pandemic. Salesforce data shows that 80% of business-to-business buyers have higher expectations of companies’ digital capabilities in the wake of pandemic-related disruption. In…
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Diversity and inclusion is a priority across all industries, and insurance is no different. In this series, we have examined the state of diversity among insurers operating in Europe through the lens of gender equality, particularly in fostering leadership in the industry.…
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The Efma-Accenture Innovation of the Month recognizes outstanding entrants to the Innovation in Insurance Awards early in the awards program. This month’s winning innovation goes to Vida Viva Bradesco, a Brazilian insurer that is looking to change the perception of life insurance…
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Life insurance companies are committing to increased underwriting efficiencies and improved risk evaluation by collecting more data and investing in new digital processes. A new Accenture Research survey, Intelligent underwriting, of more than 500 underwriters found that insurers are prioritizing data use…
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As Earth Day approaches, the world is reminded of our shared environmental, social, and governance interests and the need to invest in a sustainable future for ourselves and generations to come. For the insurance industry, these are everyday realities. In this month’s…
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In this blog series, we’ve looked at the latest entry in the only longitudinal survey of underwriters in North America. The study, which is run in partnership with Accenture and The Institutes, provides vital context for tracking the trajectory of underwriting, which…
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At the end of my last post, I mentioned the need for data-led marketing to help you launch and scale new products. But I believe that to achieve real growth, insurers need to do even more with their marketing. To become truly…
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For many of us, ringing in the new year means setting resolutions for better health and well-being. Whether in business or our personal lives, we must consider the scenarios that may threaten or enabl...
Last week we announced the winners of the Efma-Accenture Innovation in Insurance Awards 2021. Every year I’m excited to see the submissions come in. This year we received 460 entries from 289 organiza...
The insurance industry has been built on data since its inception. Meanwhile, several other industry sectors have proven that there’s a need for a fundamental shift in how data is used—a shift that’s ...
Life insurers that invest in artificial intelligence (AI) can improve the customer experience by making it more personalized and data-driven. With AI, carriers can profitably attract and retain custom...
Today we take a trip down Memory Lane, all the way back to 17th-century London. Much like they do today, its inhabitants back then loved a good cup of coffee – and even a nice bit of coffee culture. H...
The life insurance and annuity industry proved resilient in 2021, even in the face of COVID-19 and the delta variant. I’m encouraged by the amazing scientific breakthroughs that created and distribute...
Emerging risks and changing customer behavior are shifting the revenue landscape for insurers. These trends call for change in the products and services insurance companies bring to market. Historical...
The first part of this blog series introduced Accenture’s strategic resilience framework. In this blog, I will expand this introduction to take you through our framework step by step using the lens of...
Few lines have been talked up in recent years quite like cyber. Indeed, Accenture has predicted $25bn of growth in annual cyber premiums globally by 2025 – or a 500% increase on today’s ~$5bn GWP. Dem...
The insurance revenue landscape is shifting in a myriad of fast-acting, unexpected ways. In our recent Insurance Revenue Landscape 2025 study, we were able to analyze customer demands to understand th...
