AXA XL gets lift from Accenture's cybersecurity capabilities

AXA XL | September 26, 2019

AXA XL gets lift from Accenture's cybersecurity capabilities
The property & casualty (P&C) and specialty risk division of AXA has teamed up with global professional services company Accenture to offer AXA XL clients additional bespoke cyber risk mitigation services. Initially rolled out on an industry basis for the likes of manufacturing, retail, healthcare, and financial services, the proposition is slated to be expanded to cover the P&C spectrum by early 2020. AXA XL clients outside the US will benefit from post-breach security services such as incident management and IT forensics. In the US, Accenture will provide post-breach services as part of a panel of vendors.

Spotlight

The insurance sector is currently facing pressures from several sides. Among the latest challenges are new regulatory frameworks, the inflow of alternative capital, and the ongoing low-interest-rate environment. An even more groundbreaking transformation, however, will be brought about by the successively advancing digitization of the industry. In combination with substantial changes in customer needs and demands, new technologies are beginning to intensify competition to erode margins. Faster offers, a higher transparency and comparability, more personalized services, and a simplified claims process are swiftly becoming essential success factors.

Spotlight

The insurance sector is currently facing pressures from several sides. Among the latest challenges are new regulatory frameworks, the inflow of alternative capital, and the ongoing low-interest-rate environment. An even more groundbreaking transformation, however, will be brought about by the successively advancing digitization of the industry. In combination with substantial changes in customer needs and demands, new technologies are beginning to intensify competition to erode margins. Faster offers, a higher transparency and comparability, more personalized services, and a simplified claims process are swiftly becoming essential success factors.

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