Accenture Life Insurance & Annuity Platform Wins Two XCelent Industry Awards
October 27 2020 - 7:59AM
Business Wire
Celent recognizes ALIP as a leader in
technology and functionality categories for new business and
underwriting
Accenture (NYSE: ACN) has received two XCelent awards for its
life insurance and annuity platform from research and advisory firm
Celent.
The awards, acknowledged in the Celent report titled, “New
Business and Underwriting Systems: North America Life Insurance
Edition,” recognize the Accenture Life Insurance & Annuity
Platform (ALIP) as the highest-rated solution from among 14 new
business and underwriting systems in both the “Advanced Technology”
and “Breadth of Functionality” categories.
Karen Monks, a senior analyst in Celent's North American
insurance practice, said, “COVID-19 has forced life insurers to
deeply examine their underwriting processes. The mandate for
lockdown and working from home accelerated a long overdue
digitalization of the life insurance business model. We believe
ALIP is a strong candidate for life insurers looking to automate
their new business and underwriting process. Their user interface
continues to be among the best reviewed and is built with a
responsive design.”
Shay Alon, who leads Accenture’s Life and Annuity Products and
Platforms business, said, “Insurers want to ensure that their
underwriters have the right platforms and technologies to deliver
straight-through processing to their distributors and customers —
which requires them to connect better with the digital ecosystem
around them, be data-driven and adopt cloud and artificial
intelligence in underwriting. We are honored to be recognized by
Celent for our digital capabilities that help insurers provide
their customers with seamless processes.”
ALIP is a robust, configurable and scalable digital insurance
platform that offers life insurance carriers and annuity providers
advanced capabilities for product development, new-business
development, underwriting, policy administration, claims and
payout, underpinned by data analytics. 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.
About Accenture Accenture is a global professional
services company with leading capabilities in digital, cloud and
security. Combining unmatched experience and specialized skills
across more than 40 industries, we offer Strategy and Consulting,
Interactive, Technology and Operations services—all powered by the
world’s largest network of Advanced Technology and Intelligent
Operations centers. Our 506,000 people deliver on the promise of
technology and human ingenuity every day, serving clients in more
than 120 countries. We embrace the power of change to create value
and shared success for our clients, people, shareholders, partners
and communities. Visit us at www.accenture.com.
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Natalie de Freitas Accenture +44 7380 799 196
natalie.de.freitas@accenture.com
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