December 06, 2016
Accenture’s Life Insurance & Annuity Platform Receives Highest Product Scores for Three Use Cases in Gartner’s 2016 Critical Capabilities Report
NEW YORK; Dec. 6, 2016 – Accenture (NYSE: ACN) has received the highest scores for three use cases in Gartner’s September 2016, Critical Capabilities for Life Insurance Policy Administration Systems, North America.
Out of 15 vendor systems evaluated, the Accenture Life Insurance & Annuity Platform (ALIP) scored the highest in the New Product Development/Launch, New Application/Automated Underwriting and Reporting and Data Management categories. In addition to receiving the second highest scores in the remaining New Application/Manual Underwriting, Policy Change and Service through Portals/Mobile categories.
“We’re extremely proud that our ALIP platform has once again been recognized in the North American market,” said Shay Alon, global managing director of Life & Annuity Software at Accenture. “We believe our scores across all six Critical Capabilities use cases demonstrate that our continued investment in ALIP is keeping our clients ahead of the game, driving real benefits to their bottom line and helping them build deeper, stronger relationships with their customers.”
Used by leading insurers worldwide, ALIP is a robust, configurable and scalable platform that provides life insurance carriers and annuity providers with advanced capabilities for product development, new business development, underwriting, policy administration, claims and payout. It is available as an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.
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.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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 approximately 384,000 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.
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