Michael Costonis is Accenture’s global insurance lead. He manages the insurance practice across P&C and life, helping clients chart a course through digital disruption and capitalize on the opportunities of a rapidly changing marketplace.
With over 25 years of experience in insurance, Costonis has helped shape the future for some of the world’s most successful companies by developing strategies, managing technology transformations and navigating business process change. In his career with Accenture, he has worked with more than 50 leading insurers in 18 countries.
Costonis is a sought-after public speaker and author of numerous articles in leading insurance publications. He has been quoted in The New York Times, Bloomberg News, Financial Times, Forbes, Best’s Review, Insurance & Technology and more. Costonis received a bachelor’s degree in political science from Swarthmore College. He is based in Philadelphia.
As of January 2013, there were 46 active car-sharing programs and over 1 million members in North America alone. Worldwide, car-sharing companies operate in more than 27 countries on five continents with more than 1.7 million members. Given the momentum behind the sharing economy, it may be time for insurers to take a closer look at […]
Last week, we looked at the potential of the sharing economy and some of its top performers.This week, we’ll explore how insurance fits into that picture. Start-ups in the car-sharing economy are attracting major investors who believe in their business model. There is, however, one area in which start-ups have not been able to gain traction—insurance. Many tell […]