Accenture Underwriting Components

In many property and casualty companies the underwriting function offers significant opportunity for improved performance.

Despite rate increases and internal upgrading, Accenture's experience indicates that there remains on average a 20 to 25 percent leakage (such as exposure assessment and setting terms and conditions) in underwriting decisions. Inadequate decision support, and the fact that more than 50 percent of underwriters' time is spent on activities that add little value, are important contributors to operational inefficiency.

Accenture's Underwriting Components help insurers grow by improving their risk selection, segmentation and pricing, and by raising the performance of their underwriting function through automation and improved decision-making. This robust, comprehensive software asset—which captures Accenture's 30 years' experience working with top insurers—supports personal, commercial and specialty lines for all P&C transactions.

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Accenture has, for more than 30 years, helped insurers achieve and sustain high performance. All of the 10 largest insurers in the United States draw on our expertise and advice, as do 17 of the top 20 insurers worldwide.

Our experienced Insurance industry group has a deep understanding of the business. Within that group, a team of 150 individuals specialize in researching and developing component-based software and diagnostic tools such as Underwriting Components. Our assets are robust, they encapsulate Accenture's years of experience in helping insurers improve their performance in this area of the business, and they have proved their effectiveness at making underwriting processes more consistent, accurate and efficient.