Senior Managing Director
Michael Costonis is a Senior Managing Director in Accenture’s Insurance practice. He is responsible for managing the Insurance North America East Client Group, which represents $500M in annual revenue across Property/Casualty and Life clients. In addition to this role, Costonis leads Accenture’s Global Claims Business Services. In that role, he oversees claims strategies, assets, capabilities, and sales development.
Costonis has nearly 23 years’ experience developing, managing and deploying large scale technology systems, business processes, and strategies for some of the world’s leading insurers, including property & casualty, life, and multi-line insurance companies. In his career with Accenture, he has worked with more than 50 leading insurance clients in 18 countries around the world.
Prior to his current role, Michael was responsible for the Insurance Industry Program for North America. In that capacity, he set the overall vision and strategy for the practice, and pursued new client relationships.
He also has led Accenture’s Insurance Solutions practice in North America, where he was responsible for driving growth for Accenture’s asset-based business in Insurance, including claims, underwriting, and policy administration. Costonis has authored several articles in leading insurance trade publications, and has been quoted in The New York Times, Bloomberg News, Reuters News, Financial Times, Forbes, Best’s Review, Insurance & Technology, InformationWeek, National Underwriter, Technology Decisions, and the Philadelphia Inquirer. He is a sought after public speaker, having addressed many leading industry conferences in the U.S. and internationally. His monthly insurance commentary and insight can be found at insuranceblog.accenture.com/.
Costonis received a bachelor’s degree in political science from Swarthmore College (Swarthmore, PA). He is based in Philadelphia.
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