Accenture News

Self-Driving Cars to Add $81B in New Auto Insurance Premiums by 2025

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 …

Accenture: AI, IoT Attracts Nearly Half of InsurTech Funding

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 shows. The research, which includes new analysis of CB Insights data on 450 …

Accenture: One-Third of Corporate Cyber Attacks Succeed

About one-third of targeted attempts to breach corporations’ cyber defenses succeed but three-quarters of executives remain unaccountably confident in their security strategies, Accenture Plc. reported Wednesday in a survey of 2,000 security officers representing large enterprises worldwide. The “alarmingly high” …

Accenture: Insurers Shifting to Digital First Distribution Model

Insurers are accelerating plans to become more digital, driven by increased adoption of Internet of Things technologies (IoT), data and analytics tools and digital-first distribution models, according to an Accenture report based on an online survey of more than 400 …

Wearables to be Broadly Adopted by Insurers Within Next 2 Years

Nearly two-thirds of insurers expect wearable technologies to have a significant impact on their industry, according to a survey of more than 200 insurance executives as part of Accenture’s annual Technology Vision report. The insurance industry report, “Accenture Technology Vision …

Uptick in Insurer Acquisitions of Digital Insurance Startups Expected

More than half (59 percent) of insurance executives expect their industry peers to make acquisitions of digital insurance startups over the next three years to better position themselves in the digital world, according to new research by Accenture based on …

Insurance Consumers Could Purchase Products From Amazon, Google

Two-thirds (67 percent) of insurance customers would consider purchasing insurance products from organizations other than insurers, including 23 percent who would consider buying from online service providers such as Google and Amazon, according to new research by Accenture based on …