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TMCNet:  Top 10 Life and Annuity Insurer Modernizes New Business and Customer Experience Capabilities with Accenture Life Insurance & Annuity Platform

[July 11, 2017]

Top 10 Life and Annuity Insurer Modernizes New Business and Customer Experience Capabilities with Accenture Life Insurance & Annuity Platform

Accenture (News - Alert) (NYSE:ACN) today announced that a top 10 life and annuity insurance carrier is now live with the latest version of Accenture Life Insurance & Annuity Platform (ALIP).

"As the pace of technological change accelerates, our clients are looking for opportunities to build their business faster and deliver an even better customer experience. With an intuitive user interface and streamlined processes, the latest version of our ALIP platform helps our clients scale their business effectively," said Shay Alon, global managing director of Life & Annuity Software at Accenture.

The latest version of ALIP will help position this leading life and annuity carrier for new business by providing a modern, sustainable platform to help the insurer deliver new policies quickly, accurately and at high-volume scale. The platform offers automated case management and an extensive library of business rules, which the carrier can easily configure and change on its own without writing code. Consumers and carrier representatives alike benefit from electronic capture, which captures consumer data once and populates it across multiple forms, savin time and condensing the new business and underwriting process.

Accenture's ongoing investments in the ALIP platform and product input from its customer community have resulted in rapid functional and technological advancements. These advancements, coupled with a proven methodology to remain current on ALIP, help life and annuity carriers keep pace with the speed of digital insurance.

Used by leading insurers worldwide, ALIP is a robust, configurable and scalable solution that provides life insurance carriers and annuity providers with advanced capabilities for product development, new business, underwriting, policy administration, claims, payout, agent and consumer portals, and more. It is available on-premises or over the cloud as an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.

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 more than 411,000 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.

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.


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