QBE Europe, a subsidiary of QBE Insurance Group, has signed a five-year agreement with Accenture to provide application development and maintenance services.

Under the terms of the agreement, QBE will outsource its application development and maintenance services activities to Accenture in order to help accelerate its current business transformation program. This transformation program is designed to improve service levels to brokers, customers and underwriters, and enhance operational efficiency.

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

Financial terms of the contract were not disclosed.