Testamento launches the first large-scale beneficiary clause analysis solution, addressing a major industry challenge: 73% of French people over 50 have never updated their clauses, exposing insurers to significant regulatory and operational risks. The partnership with Deloitte aims to accelerate adoption among leading market players.
A new step in the modernization of beneficiary clause management
Testamento announces the launch of Deep Vision, an innovative solution powered by artificial intelligence and robust algorithms that enables insurers to perform an exhaustive and objective diagnosis of their stock of beneficiary clauses for both individual and group life insurance policies.
The solution will be unveiled at the 2025 edition of Reavie (October 8–10 in Cannes), the leading event for life and protection insurance executives. This launch reflects our ambition to deliver concrete, technology-driven, high–value-added solutions to market players.
This innovation marks a major milestone: for the first time, insurers have access to a tool capable of mapping, auditing, and scoring all their beneficiary clauses, paving the way for large-scale, seamless, and secure data quality enhancement through the Testamento Beneficiary platform.
A critical issue for insurers
The management of beneficiary clauses lies at the heart of compliance, customer relations, and performance challenges for insurers.
Yet, the market reality remains concerning: in 2021, nearly €5.4 billion in life insurance assets were still dormant (Source: ACPR, life insurance scope only), with beneficiaries remaining untraceable or unreachable.
The ACPR has already imposed over €115.5 million in sanctions for poor management of clauses and beneficiaries (Source: ACPR, sanctions report).
Moreover, 73% of French people over 50 have never updated their beneficiary clauses (Source: Testamento / Harris Interactive survey, December 5, 2024), creating a massive risk of obsolescence and inconsistency when a claim arises.
These figures highlight a worrying situation, a large part of the market still operates with incomplete, outdated, or non-compliant data, exposing insurers to:
regulatory risks and potential sanctions,
increased operational costs related to claims management (including the risk of double payment in the event of disputes or litigation over legitimate beneficiaries),
reputational damage in cases of dormant assets scandals,
and degraded customer satisfaction, leading to distrust in savings and insurance providers.
In this context, the absence of a clear and reliable overview of beneficiary clause inventories represents a structural vulnerability for insurers.
Deep Vision: the power of technology serving compliance
The Deep Vision solution is based on a four-step process:
- Collection: retrieving beneficiary clauses (individual and group contracts, typed or handwritten) in PDF format.
- Analysis: automated reading using OCR and AI, detecting errors and anomalies (illegible clauses, incomplete information, non-compliant with guidelines, etc.).
- Scoring: classifying clauses according to their level of compliance and risk.
- Reporting: generating clear indicators and personalized recommendations, enabling insurers to implement an action plan.
Result: a reliable, fast, and actionable overview of the entire clause portfolio.
A natural complement to Beneficiary
Innovation doesn’t stop at analysis.
Deep Vision can also integrate directly with the Testamento Beneficiary solution, already widely adopted by insurers, brokers, and delegated management partners.
Clauses identified as non-compliant can be corrected through targeted campaigns according to contract type and client profile:
During meetings with policyholders, either in-person or remotely, via a network of advisors;
Independently by the policyholder, through a simple, educational, and secure digital journey, integrated into the policyholder’s client space or operated as a white-label solution by Testamento.
The combination of Deep Vision + Beneficiary creates a complete quality assurance chain: from initial diagnosis to correction, ensuring lasting compliance and an enhanced client experience.
A first partnership with the consulting firm Deloitte
This new technological solution has already been adopted by Deloitte’s teams, with whom Testamento announces a partnership at Reavie.
This strategic partnership addresses a strong market demand for compliance, digitalization, and process optimization in savings and life insurance. By combining our unique technological solution—the only one on the market capable of large-scale analysis, automated designation, and remediation of beneficiary clauses—with Deloitte’s recognized advisory expertise for major insurance and banking players, the two companies offer a highly differentiated solution. This alliance enables insurers, mutuals, and banks to transform regulatory challenges into opportunities for operational optimization and business development.
Anaïs Breger, partner at Deloitte Consulting, states:
“We are witnessing an exceptional momentum in the life insurance market today, with growing needs in compliance and digital transformation. The solution developed by Testamento stands out for its innovative approach and its ability to address a major challenge faced by our clients in managing their portfolios. By combining Testamento’s technological innovations with Deloitte’s consulting expertise and deployment capabilities, we provide our clients with a comprehensive approach that goes far beyond mere compliance, creating sustainable operational value.”
Virgile Delporte, co-founder and CEO of Testamento, confirms :
“Each year, billions of euros remain unclaimed due to unclear or outdated beneficiary clauses: this is no longer acceptable. Our Deep Vision solution, co-developed with market players and validated with real data, provides insurers with a clear, actionable view, offering a comprehensive overview, an objective diagnosis, and the ability to take action. We are proud of our partnership with Deloitte, which will facilitate the adoption and deployment of our solution with new clients and enhance our offering through its recognized consulting expertise and methodological support.”
