January 19, 2012
Accenture Receives Industry Awards for its Property & Casualty Insurance Policy Administration Software Solution
Accenture Duck Creek Policy Administration receives two awards in Celent P&C Insurance Policy Administration System Vendors report
NEW YORK; Jan. 19, 2012 – Accenture’s (NYSE: ACN) property and casualty (P&C) insurance policy administration software, Accenture Duck Creek Policy Administration, received two XCelent Awards in Celent’s latest report titled “Policy Administration System Vendors: North American Commercial P/C Insurance 2011”1. Celent is a leading industry analyst firm focused on the application of information technology in the global financial services industry.
The Accenture Duck Creek Policy Administration system was recognized with:
- The XCelent Functionality Award for the leading solution in “Breadth of Functionality,” which is based on availability of indicative advanced functionality, extent of use for various lines of business and usability for business users.
- The XCelent Customer Base Award for the leading solution in “Customer Base,” which is based on the number of live North American customers, in various tiers, on current and older technology platforms, the number of live customers outside North America and the level of use by insurers for various commercial lines.
Launched in November 2010 to acknowledge vendor excellence, Celent’s XCelent Awards are designed to help financial institutions and technology providers stay abreast of industry trends by evaluating the shifting vendor marketplace and awarding technology best practices.
“We are honored to receive both of these awards, and are particularly proud to once again be a recipient of the XCelent Functionality Award,” said Michael A. Jackowski, global managing director of Accenture Software for P&C Insurance. “Earlier this year, our Accenture Claim Components solution received two XCelent awards, including the award for functionality. Together, these demonstrate our commitment to providing our P&C clients with the most advanced usability and functionality in the insurance industry today.”
Accenture Duck Creek Policy Administration is available as a complete policy administration suite or as modular components that can be implemented based upon a carrier’s immediate needs. Designed on a technology platform that enables flexibility in managing products across multiple business lines including personal, commercial or specialty, the system is currently deployed world-wide, with clients in the United States, Canada, UK, Caribbean and Australia.
In November of last year, Accenture announced the integration of Accenture Claim Components and Accenture Duck Creek’s policy software, including the industry-leading rating and product configuration components. The integrated P&C software suite includes policy administration, claims, and billing applications, delivering full-featured solutions for the three essential operations required by P&C insurance carriers.
“The Accenture P&C software suite provides insurers of all sizes with an integrated enterprise solution that can effectively support today’s demands, yet is flexible enough to meet the evolving needs of a carrier,” said John Del Santo, global managing director of Accenture’s Insurance practice. “We have the agility and scalable technology that will enable our customers to be successful in the marketplace.”
1 Celent, “Policy Administration System Vendors: North American Commercial P/C Insurance 2011” by Donald Light, Benjamin Moreland, November 2011
About Accenture Accenture is a global management consulting, technology services and outsourcing company, with more than 244,000 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$25.5 billion for the fiscal year ended Aug. 31, 2011. Its home page is www.accenture.com.
Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. It offers innovative software-based solutions to enable organizations to meet their business goals and achieve high performance. Its home page is www.accenture.com/software. For P&C Insurance software, its home page is www.accenture.com/pcsoftware.
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