Blockchain solutions for insurance
Accenture is a pioneer of blockchain innovation and its practical, real-world application for insurers.
Blockchain promises to reshape the processes that govern insurance, boosting efficiency and productivity.
Blockchain has the potential to drive profound, positive change for insurers.
The insurance industry depends on manual processes to compensate for a lack of trust between parties. These processes keep insurers’ cost bases high, and create customer-experience issues due to delays in policy renewals and claim payouts.
Blockchain automatically embeds trust into insurance transactions and contracts. It can dramatically improve efficiency and productivity for personal lines P&C insurers by substituting automated for manual business processes in claims handling and payment, subrogation, and assessment.
We have developed blockchain solutions for leading financial services organizations, focusing on the development of distributed-ledger technologies, thought leadership and patents, the co-innovation of proofs of concept, and the creation of partner ecosystems within and beyond the insurance industry.
Our global team of experts works with each client to help build smart strategies around effective use-cases, investment and implementation. We translate key insurance processes into blockchain-ready procedures and smart contracts.
Accenture is working closely with leaders from across the financial services industry, the academic community and our key technology alliances to move blockchain technology forward. The advantage we offer is the unique interaction between our Innovation Labs and our global consulting organization. All of this is underpinned by our global delivery organization and an unmatched array of technology assets, platforms and methodologies.
An array of blockchain interventions, assets and solutions.
Blockchain applicability, business impact and deployment strategy assessment.
Technology leadership workshops for hands-on, advanced training and rapid prototyping.
Rapid development environments featuring a suite of blockchain toolsets, customized proofs of concept and proofs of value, end-to-end existing technology assessment, and configuration and integration recommendations.
Holistic solution design that encompasses people, process, operating model and technology.
Complex implementation management, third party vendor integration and custom coding.
Proprietary software add-ons, such as redaction and key management, including hardened security modules.