AXA XL teams up with Accenture's cyber division

AXA XL has teamed up with Accenture to bring global cyber security expertise to AXA XL underwriters, brokers and clients, initially on an industry-basis for the manufacturing, retail, healthcare and financial services industries, with plans to expand among others to cover the full P/C spectrum by early 2020.

“We are very excited to announce this end-to end security partnership, which is designed to identify and serve the cyber-related needs of our clients,” said CEO of AXA XL’s global P/C business, Jason Harris. “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 cyber security while also protecting clients from an insurance perspective in a transparent and forward-thinking way.”

Accenture UK’s general insurance sector lead, Max Richter added: “We believe there is huge potential for a differentiated cyber security 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.”

Accenture will provide post-breach security services for AXA XL clients outside the US, including incident management and IT forensics. For AXA XL’s US clients, Accenture will provide post-breach services as part of a panel of vendors.

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