Quixa SpA, the direct company of AXA Group in Italy, goes live with Accenture’s rating software to enhance product configuration and business management capabilities
NEW YORK; March 13, 2013 – Accenture (NYSE: ACN) announced Quixa SpA Italy has gone into production with Accenture Duck Creek Rating product, enabling the motor insurer to improve their rating capabilities and enhance their existing business management processes.
As a rapidly growing motor insurer, Quixa SpA wanted to identify a solution that provided highly flexible product, rating and rules configuration capabilities while allowing a seamless integration to existing legacy systems. The Accenture Duck Creek Rating product provides a comprehensive product definition tool that can allow rapid product deployment without the need for replacement of existing legacy systems and architecture. Following a 12-week implementation of Accenture Duck Creek Rating, Quixa now has the flexibility to quickly respond to changing market conditions and provide dynamic pricing based on customer relationships. The company can also better support customers with rapid introduction of new products and high-volume internet quoting.
Additionally, AXA in the Mediterranean and Latin American Region (AXA MedLA) implemented Accenture Duck Creek Rating Engine in January 2013 as part of a robust core property & casualty software architecture that could also be easily deployed in their other subsidiaries.
Filippo Sirotti, Quixa CEO stated: “Innovation is a key driver for Quixa. The company stands out in the Italian market as a pioneering provider of innovative solutions. Following this approach, Quixa has identified the Accenture Duck Creek Rating and Rules engine as the perfect match to further support its vision of delivering an exceptional customer experience. We rely on the highly configurable nature of this product to enhance our business management processes and support our growth in a competitive market.”
‘We are delighted to be working in partnership with Quixa SpA and AXA MedLA in the delivery of a first class experience to their customers,” said Michael A. Jackowski, global managing director of Accenture Software for P&C Insurance. “Our mission is to support the growth of our clients in their overall business results. The Accenture Duck Creek Rating and Rules engine will aid the acceleration of AXA’s success; powering insurance product selling with the use of our leading modern technology.”
Accenture’s award-winning policy and claims software offers carriers an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy. The combined software enables insurers of all sizes to benefit from a flexible suite of P&C software to configure products, transact lines of business and process claims.
About Quixa SpA and AXA
Quixa is the new generation insurance company from the AXA Group specialised in the sale of car insurance policies through the Internet (www.quixa.it). Operating in the Italian market since September 2008, the company offers an innovative formula combining the benefits of traditional car insurances with those of direct ones: the personal consultant – a dedicated professional attributed to each customer from the first contact with the company and whom he can always refer to for assistance – and a competitive price.
The AXA Group is a worldwide leader in insurance and asset management, with more than 163,000 employees serving 101 million clients in 57 countries. In 2011, IFRS revenues amounted to Euro 86.1 billion and IFRS underlying earnings to Euro 3.9 billion. AXA had Euro 1,065 billion in assets under management as of December 31, 2011.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY. The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD, and is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance.
Accenture is a global management consulting, technology services and outsourcing company, with 259,000 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$27.9 billion for the fiscal year ended Aug. 31, 2012. 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.