Financial terms were not disclosed.

Under the terms of the agreement as shared in a press release, QBE will outsource to Accenture its AD/M activities to help accelerate its current business transformation program, which is designed to improve service levels to brokers, customers and underwriters, and enhance operational efficiency. Accenture will also provide a change management program to QBE to help accelerate the roll-out of theinsurer’s core underwriting systems, improve its underwriting front-end and simplify its IT infrastructure.

“It is critical that we look to shape our business to maximize the opportunities that a rising market will present,” said Steven Burns, CEO QBE European Operations. “Our decision to partner with Accenture will help fulfill our strategic need to rationalize the platforms supporting our underwriting and product delivery and to simplify our legacy IT estate for future growth and acquisitions.”

“Achieving an up-scaled IT capability will be critical to driving continued sustainable and profitable growth for QBE,” said Sushil Saluja, Managing Director of Accenture’s Financial Services group in the U.K.