Accenture backs Reserv to modernize insurance claims with AI
NEW YORK, UNITED STATES — Global consulting giant Accenture has invested in Reserv, a growing insurance claims tech firm, to accelerate innovation in property and casualty (P&C) claims processing.
While financial terms of the deal were not disclosed, it will see the two companies collaborate on AI-powered solutions aimed at streamlining the complex and often slow claims ecosystem.
AI-driven efficiency for carriers
Founded in 2022, Reserv acts as a third-party administrator (TPA) for P&C insurers in the United States and the United Kingdom, blending deep claims expertise with cutting-edge AI.
Its platform helps carriers analyze vast troves of structured and unstructured data, allowing insurers to flag risk, adjust pricing, and boost claim accuracy in real time.
“Insurance claims processing remains at the core of the customer promise and ripe for end-to-end reinvention and disruption,” said Kenneth Saldanha, Accenture’s North America Insurance lead.
“Reserv’s AI-native servicing platform empowers insurers to act on more granular claims data for greater efficiency and accuracy, enabling faster claim processing and better customer experience.”
Reserv’s automation capabilities allow claims professionals to focus on high-value tasks while background processes run faster and more accurately.
CEO and co-founder CJ Przybyl noted, “Working with Accenture strengthens our ability to scale that vision faster, while meeting the rigorous demands of today’s insurers.”
Accenture, which employs about 801,000 people across 120 countries, offers professional services in digital transformation, cloud, data, and AI. Its latest investment is part of a broader push to modernize legacy-heavy industries like insurance.
Accenture reported $81 billion in new bookings in fiscal 2024 and expects 2025 revenues to rise by 3 to 6 percent, with quarterly revenues projected between $16.85 and $17.45 billion.
After two consecutive years in the top spot, the global professional services company ranked #2 in OA500 2025, an objective index of the world’s 500 top outsourcing companies.
Joining Accenture Ventures’ Project Spotlight
As part of the deal, Reserv will join Accenture Ventures’ Project Spotlight, a specialized accelerator for data and AI startups. The program offers participating companies strategic access to Accenture’s enterprise clients and industry expertise.
Other Accenture transactions made through Project Spotlight this year include GoUpscale, OPAQUE, and Voltron Data.
Reserv, backed by Bain Capital Ventures and others, has raised $55 million to date and now employs 320 staff across the U.S. and U.K. It recently earned recognition as a Delegated Claims Administrator (DCA) for Lloyd’s of London and was named among CB Insights’ Top 50 Insurtechs.
