Jim Bramblet

Jan 16, 2025 | insuranceblog.accenture.com | Shay Alon |Jim Bramblet |Venkat Viswanath |Michael Reilly

In today’s competitive landscape, the lines between product and price offerings among Asian insurers are blurring, compelling companies to find innovative ways to capture customer attention and secure their business. As a result, customer engagement and experience have become paramount to success.

Feb 20, 2024 | insuranceblog.accenture.com | Shay Alon |Jim Bramblet |Kenneth Saldanha |Silvia Milian

Today’s cloud-based policy administration systems (PAS) are designed to enable both P&C and Life insurers to manage policies through their entire lifecycle and are the foundation of carriers’ digital strategies. These types of platforms are a boon to carriers looking for ways to enhance their customer relationships and develop more effective offerings but many carriers aren’t leveraging the full potential of these systems.

Nov 9, 2023 | insuranceblog.accenture.com | Venkat Viswanath |Kenneth Saldanha |Darcy Dague |Jim Bramblet

According to AM Best Financial reports, between 2018 and 2023, litigation management costs for the combined Property & Casualty industry increased by 19%, amounting to an increase of $4-5 billion, or for context, bringing total litigation expenses to ~$24B of LAE. In both personal and commercial lines, carriers have experienced the adverse effects of social inflation.

Oct 19, 2023 | insuranceblog.accenture.com | Erik J. Sandquist |Jim Bramblet |Michael Reilly |Heather Sullivan

Leading insurers are defining new revenue paths while contributing to communities in the process. This is defined as inclusive insurance, a concept that is playing a key role in the insurance industry’s evolution. Take two of the major global carriers, Generali and Allianz: Generali has created The Human Safety Net, to support families living in vulnerable circumstances. Allianz has created insurance offerings that cater towards migrants living in Europe.

Sep 20, 2023 | insuranceblog.accenture.com | Jim Bramblet |Accenture Insurance |Daniele Presutti |Venkat Viswanath

In a context of ongoing disruption, insurers are being called to reinvent themselves. In order to transform on an operational level, insurers need to move from complexity to simplicity. This alone is a daunting task. Composable architecture helps insurers to simplify this complexity at every step of the insurance value-chain, often using processes already at their disposal. Below are 5 practical composable architecture use cases.