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Michael Costonis
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Along with many of my Accenture Insurance colleagues, I recently attended Insuretech Connect 2017. After two days of conversations on all things insurtech, here are my thoughts on the big takeaways for insurers.
http://insuranceblog.accenture.com/define-partnerships-scale-adoption-rethink-operating-models-thoughts-from-insuretech-connect-2017?sr_source=lift_polar&c=fs_dibfy18gpl_10000029&n=smc_0917
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Accenture recently worked with a multinational insurer to implement the cloud—and as a result, they reduced costs by 80 percent. Yet, many insurers are skeptical about the cloud. Here are three of their most common hesitations, and how to overcome them.
http://insuranceblog.accenture.com/how-can-insurers-leverage-the-cloud-for-digital-transformation?sr_source=lift_polar&c=fs_dibfy18gpl_10000010&n=smc_0917
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In today’s marketplace, insurers have access to technologies that can help them capture new opportunities—but in order to capitalize on blockchain, AI or the IoT, for example, they need to embrace the cloud.
http://insuranceblog.accenture.com/blockchain-ai-advanced-analytics-why-the-cloud-makes-it-all-happen?sr_source=lift_polar&c=fs_dibfy18gpl_10000008&n=smc_0917
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As insurers consider ecosystem plays to become more competitive, they must cultivate end-to-end protection from cyber threats. Watch this Insurance Insight of the Week video to learn six keys to help insurers reboot their approach to cybersecurity.
http://insuranceblog.accenture.com/six-steps-to-help-insurers-reboot-their-approach-to-cybersecurity?sr_source=lift_polar&c=fs_dibfy18gpl_10000002&n=smc_0917
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Accenture Security’s global research on high performance security reveals that the majority of security execs are confident in their organizations’ cybersecurity—even while 1 of 3 focused breach attempts is successful. Maybe it’s time for a cyber reality check.
http://insuranceblog.accenture.com/insurers-are-confident-in-their-ability-to-resist-cyber-attacks-but-are-they-overly-confident?sr_source=lift_polar&c=fs_dibfy18gpl_10000096&n=smc_0917
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The middle market offers life insurers a tremendous opportunity to expand their customer base. Here are five steps that can help you tap into this market.
http://insuranceblog.accenture.com/five-strategies-to-help-life-insurers-target-the-middle-market?sr_source=lift_polar&c=fs_dibfy18gpl_10000090&n=smc_0917
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As insurers seek to capture new customer segments, they should look to the untapped middle market—a market of 54 million households, with potential revenues of $12 billion.
http://insuranceblog.accenture.com/the-12-billion-opportunity-in-life-insurance-for-the-middle-market?sr_source=lift_polar&c=fs_dibfy18gpl_10000088&n=smc_0917
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Not much has changed about insurance portfolio management practices in the past 30 years, but a lot has changed in the world. New technology, data sources and analytics are available—but are insurers using them?
http://insuranceblog.accenture.com/todays-complex-risks-call-for-next-gen-insurance-portfolio-management?sr_source=lift_polar&c=fs_dibfy17gpl_10000435&n=smc_0717
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Traditionally a backward-looking process, portfolio management can be a lever to help insurers become more competitive. Big data and advanced analytics are just some of the tools at insurers’ disposal.

http://insuranceblog.accenture.com/how-insurance-portfolio-management-can-help-insurers-be-more-competitive?sr_source=lift_polar&c=fs_dibfy17gpl_10000432&n=smc_0717
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Accenture research shows that CMOs are more confident in their ability to meet insurers’ growth targets when just-in-time marketing principles are used. To support the shift from conventional to just-in-time insurance marketing, insurers need to develop six key competencies:
http://insuranceblog.accenture.com/six-steps-to-becoming-a-just-in-time-insurance-marketer?sr_source=lift_polar&c=fs_dibfy17gpl_10000369&n=smc_0717
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