July 13, 2015

Accenture Expands Functionality and Ease of Use with Latest Version of Accenture Life Insurance & Annuity Platform

New enhancements improve business user self-sufficiency, channel management and implementation speed

NEW YORK; July 14, 2015 – Accenture (NYSE: ACN) released a new version of the Accenture Life Insurance & Annuity Platform (ALIP), an advanced life insurance and annuity software suite. The latest version, ALIP 5.1, includes product, business and technical improvements that increase automation and flexibility, accelerate product development and simplify integration.

ALIP, already known for its configurability and comprehensive list of out-of-the-box product templates, has been improved to provide superior levels of functionality in life product configuration, underwriting support and standard integration processes. These updates are designed to help life and annuity insurance companies in:

“We are seeing significant interest in ALIP from carriers looking to transform their business and modernize their systems,” said Shay Alon, managing director of Accenture Software for Life and Annuity. “This is a testament to our continued investment in the platform and dedication to delivering best-in-class capabilities with the most function rich, user friendly and configurable product in the market.”

ALIP is a configurable and scalable software suite that offers life insurance and annuity carriers of all sizes solutions for product development, new business, underwriting, policy administration including claims and payout. These solutions are available as an integrated suite or components that can be implemented individually or as part of a broader migration strategy. ALIP is part of a broader portfolio of life insurance and annuity software solutions offered by Accenture to support mission critical products and processes for carriers. This includes modern technologies to support insurers’ digital agenda, such as SmartVideo, web recording, portals and mobility.

About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with more than 336,000 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$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.

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Julie Bennink
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Melissa Volin
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