Leading Global Insurance Company Selects Accenture Life Insurance & Annuity Platform
October 17 2016 - 7:57AM
Business Wire
Accenture (NYSE:ACN) has been selected by one of the world’s
largest insurance companies to strengthen its annuity business
through the firm’s Accenture Life Insurance & Annuity Platform
(ALIP) software.
The ALIP platform will enhance the insurer’s customer
relationships and support growth by providing a seamless digital
experience to consumers and enabling the company to broaden its
distribution channels. The platform will also allow the insurer to
significantly accelerate product introduction and strengthen its
annuity infrastructure for new business development and policy
administration.
ALIP was selected by the insurer – which is among the world’s
largest – for its leading architecture and modern tools that help
create a seamless integration process with other systems, in
addition to a configurable framework that delivers more
capabilities and flexibility to business users.
“We’re delighted that this highly respected global insurer has
turned to ALIP to support its rapidly growing business,” said Shay
Alon, global managing director of Life & Annuity Software at
Accenture. “As the insurance sector becomes increasingly
competitive, we’re seeing just how important it is to use an agile
test-and-learn approach for new product introduction and improving
the customer experience.”
Used by leading insurers worldwide, ALIP is a robust,
configurable and scalable platform that provides life insurance
carriers and annuity providers with advanced capabilities for
product development, new business development, underwriting, policy
administration, claims and payout. It is available as an on premise
solution and over the Cloud as an integrated suite of software with
modules that can be implemented individually or as part of a
broader migration strategy.
Accenture’s life and annuity software is part of Accenture Life
Insurance Services, within Accenture Financial Services. By
applying extensive industry knowledge to continuously enhance its
software, Accenture helps insurers reduce operating costs, manage
risk and drive growth through improved product development and
distribution, enhanced policy administration and distribution, and
technology platform consolidation and modernization. The homepage
is www.accenture.com/lifeandannuitysoftware.
About Accenture
Accenture is a leading global professional services company,
providing a broad range of services and solutions in strategy,
consulting, digital, technology and operations. Combining unmatched
experience and specialized skills across more than 40 industries
and all business functions – underpinned by the world’s largest
delivery network – Accenture works at the intersection of business
and technology to help clients improve their performance and create
sustainable value for their stakeholders. With approximately
384,000 people serving clients in more than 120 countries,
Accenture drives innovation to improve the way the world works and
lives. Visit us at www.accenture.com.
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AccentureJames Murphy, + 1
917-452-0588james.p.murphy@accenture.com
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