Accenture Receives Two XCelent Industry Awards for Life Insurance Policy Administration
January 28 2020 - 7:59AM
Business Wire
Accenture earns top honors for Breadth of
Functionality and Depth of Service for its life insurance and
annuity platform
Accenture (NYSE: ACN) has received two XCelent awards for its
life insurance and annuity platform in a recent report from
research and advisory firm Celent.
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In the report, “North American Policy Administration Systems
ABCD Vendor View,” Celent recognized the Accenture Life Insurance
and Annuity Platform (ALIP) as the top performer among 20 life and
annuity policy administration systems in the “Breadth of
Functionality” and “Depth of Service” categories.
“The process Celent follows is quite rigorous,” said Karen
Monks, director of Celent’s Knowledge management center and report
co-author. “It is very much like a system selection process, and to
receive awards across two of our four metrics is a compliment to
Accenture and their product.”
According to a client quoted in the report, Accenture
“consistently demonstrates a long-term perspective and investment
in keeping their platform relevant and evolving to meet needs and
stay state-of-the-art.”
The report also highlights ALIP’s growing customer base and
production implementations along with its expanding partner
relationships.
“We are honored to be recognized for our continued leadership in
moving the life and annuity industry forward with advanced
technology, people and processes,” said Shay Alon, who leads
Accenture’s Life and Annuity Products and Platforms business. “We
work closely with our clients to ensure that ALIP provides the
functionality they need, and we believe the awards further validate
our strategic and forward-thinking approach to policy
administration and implementation services on our platform.”
The XCelent Awards are designed to help financial institutions
and technology providers stay abreast of industry trends by
evaluating the shifting vendor marketplace and recognizing
top-performing vendors.
Accenture’s life and annuity software is part of Accenture Life
Insurance 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. Learn more at
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 505,000 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.
Copyright © 2020 Accenture. All rights reserved.
Disclaimer: This blog makes descriptive reference to trademarks
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not an assertion of ownership of such trademarks by Accenture and
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association between Accenture and the lawful owners of such
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Natalie de Freitas Accenture +44 7380 799 196
natalie.de.freitas@accenture.com
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