March 23, 2016
Gartner Positions Accenture as a Leader in the 2016 Magic Quadrant for North America Life Insurance Policy Administration Systems
Accenture is positioned the furthest for “Completeness of Vision” and is one of two companies positioned as leaders for “Ability to Execute”
NEW YORK; Mar. 23, 2016 – Accenture (NYSE: ACN) has been positioned in the “Leaders” quadrant by Gartner in the February 2016 “Magic Quadrant for Life Insurance Policy Administration Systems, North America1” evaluated for its Accenture Life Insurance & Annuity Platform (ALIP).
The Gartner Magic Quadrant evaluated 15 vendors that provide policy administration systems for individual and group life and annuity products targeted at life insurers in North America on two primary criteria – “completeness of vision” and “ability to execute.” Accenture is positioned the furthest for “completeness of vision” and is one of two companies positioned as leaders for “ability to execute.”
Kimberly Harris-Ferrante, Gartner analyst and author of the report, said “Insurance CIOs should carefully watch this evolving market and ensure that their core systems can support emerging business demands in marketing, sales, customer service and underwriting. Careful review of these needs against the maturing vendor market will help companies identify the right technologies and solution roadmaps for 2016 and beyond.”
“We are delighted to be recognized by Gartner as a leader in this market landscape,” said Shay Alon, global managing director of Life & Annuity Software at Accenture. “The continued adoption of Accenture Life Insurance & Annuity Platform, as evidenced by our growing and active client base, is a testament to our ongoing investment plan in the platform. We are committed to delivering enhancements and innovation in our products and helping our clients meet the new demands of the digital economy.”
ALIP, used by leading insurers worldwide, is a robust, configurable and scalable solution 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 on-premise solution and over the Cloud as an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.
1 Gartner, Inc. “Magic Quadrant for Risk Management Consulting Services, Worldwide,” by Kimberly Harris-Ferrante, 16 February 2016.
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 373,000 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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