NEW YORK; Oct. 7, 2010 – Accenture’s (NYSE: ACN) underwriting solution has been selected to support Zurich Financial Services Group’s (Zurich) property and casualty (P&C) insurance operations globally.
Zurich intends to leverage the Accenture Underwriting Components to support a wide range of business services, including new business submission, clearance and quoting across all lines of its P&C operations. Zurich uses the Accenture Underwriting Components’ data model also to further standardize and streamline its data management processes. Zurich will implement the solution in North America and Europe with the license to later expand into other geographies.
“The Accenture Underwriting Components data model and business services are expected to have a positive impact on our existing programs and enhance our underwriting processes,” said Tom Peach, Chief Information Officer of Zurich in North America. “Accenture’s underwriting software is a valuable addition to our technology portfolio.”
“Leading insurers such as Zurich recognize the importance of underwriting management in maximizing the overall performance of the organization,” said John Vale, a senior executive in Accenture’s Insurance practice. “Leveraging the Accenture Underwriting Components, Zurich is gaining the benefit of a proven industry software solution known for raising the performance of insurers’ underwriting functions through a more disciplined underwriting process, automation of routine tasks and improved decision-making.”
About Zurich Financial Services
Zurich Financial Services Group (Zurich) is an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia-Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 204,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com.
About Accenture Software
Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products, including a broad range of insurance industry solutions that are used by more than 100 insurers in over 25 countries. As a dedicated global organization, Accenture Software offers innovative software-based solutions and the unmatched skills of experienced professionals to enable organizations to meet their business goals and achieve high performance.
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