AXA XL and Accenture Partner to Provide Cybersecurity Services to AXA XL Clients
September 25 2019 - 12:01AM
Business Wire
Accenture will provide cyber threat
assessments, post-breach response and other security services
AXA XL and Accenture (NYSE: ACN) are partnering to offer global
cybersecurity services to AXA XL’s underwriters, brokers and
clients to strengthen their cyber capabilities to combat and
recover from cyberattacks.
AXA XL — AXA’s property & casualty (P&C) and specialty
risk division — will tap into Accenture’s cybersecurity
capabilities, including Accenture Security’s iDefense threat
intelligence team, to help its clients gain a deeper understanding
of their cyber risks and to provide them with actionable reports on
cyber threats.
AXA XL will be able to offer its clients globally additional
bespoke services, delivered by Accenture, that will help them
understand and mitigate cyber risks. This will initially be done on
an industry basis for the manufacturing, retail, healthcare and
financial services industries among others, and will be expanded to
cover the P&C industry by early 2020. Accenture will provide
post-breach security services for AXA XL clients outside the U.S.,
including incident management and IT forensics. For AXA XL’s U.S.
clients, Accenture will deliver post-breach services as part of a
group of service providers.
“We are very excited to announce this comprehensive security
partnership, which is designed to identify and serve the
cyber-related needs of our clients,” said Jason Harris, chief
executive of AXA XL’s Global P&C Insurance business. “As a
leader in the cyber insurance market, AXA XL is committed to being
a trusted partner in helping our clients improve their cyber
security. It is paramount that we promote improved cybersecurity
while also protecting clients from an insurance perspective in a
transparent and forward-thinking way.”
Sushil Saluja, a senior managing director at Accenture who leads
its Financial Services group in Europe said: “Cyber risk is one of
the biggest threats facing businesses and is profoundly
under-insured. In fact, our own research has shown that over the
next five years, cyberattacks could cost companies US$5.2 trillion
in value-creation opportunities. While this presents insurers with
opportunities, the challenges involved in underwriting cyber
insurance are significant, especially given the lack of historical
data and the rapid evolution of cyber threats.”
Max Richter, a managing director in Accenture’s UK insurance
practice and the global account lead for AXA XL, said: “We believe
there is huge potential for a differentiated cybersecurity
proposition through our partnership with AXA XL. This partnership
will give AXA XL’s underwriters, and particularly their clients,
vast access to Accenture Security’s ecosystem, including threat
intelligence, risk mitigation and post-breach services, which
should foster more informed decisions about cyber risk and better
post-breach outcomes.”
The services under the partnership are now available to AXA XL
clients.
About AXA XL
AXA XL1, the property & casualty and specialty risk division
of AXA, provides insurance and risk management products and
services for mid-sized companies through to large multinationals,
and reinsurance solutions to insurance companies globally. We
partner with those who move the world forward. To learn more, visit
www.axaxl.com.
About AXA XL1 INSURANCE
AXA XL1 Insurance offers property, casualty, professional,
financial lines and specialty insurance solutions to mid-sized
companies through to large multinationals globally. We partner with
those who move the world forward. To learn more, visit
www.axaxl.com.
1AXA XL is a division of AXA Group providing products and
services through four business groups: AXA XL Insurance, AXA XL
Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk
Consulting.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions — underpinned by the world’s largest
delivery network — Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With 482,000 people
serving clients in more than 120 countries, Accenture drives
innovation to improve the way the world works and lives. Visit us
at www.accenture.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190924005277/en/
Anthony Murtagh AXA XL +44 207 6214390
anthony.murtaghh@axaxl.com
Natalie de Freitas Accenture +44 7380 799 196
natalie.de.freitas@accenture.com
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