Accenture to Build and Maintain Core Insurance IT System for Zurich in Latin America
IT initiative will focus on Zurich operations in Argentina, Brazil, Bolivia, Chile, Mexico and Venezuela
ZURICH; Oct. 26, 2010 – Accenture (NYSE: ACN) has been selected by Zurich Financial Services Group to build and maintain a new core insurance information technology (IT) system for the insurer’s property and casualty (P&C) business in Latin America under a 10-year, multi-million dollar agreement.
The new system will support underwriting, policy administration and claims management for the insurer’s P&C personal and commercial lines. Accenture and Zurich will implement the system in Argentina, Brazil, Bolivia, Chile, Mexico and Venezuela.
“Latin America is a promising, yet highly competitive market,” said Uwe Jungmann, a senior executive in Accenture’s Insurance practice. “Zurich is a long-standing client and we are honored to assist them in this core strategic initiative.”
Accenture will provide implementation and support services to Zurich through its local facilities in Brazil and Argentina and through its Global Delivery Network using a center in Pune, India. The new IT platform will be based on a third-party standardized software package.
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.
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.
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