Accenture Receives Highest Possible Rating in Gartner’s Property and Casualty Insurance Claims Management Report
NEW YORK; April 22, 2013 – For the fifth consecutive year, Accenture (NYSE: ACN) received a “Strong Positive” rating, the highest possible rating, for its Accenture Claim Components software in Gartner’s recently published “MarketScope for North American Property and Casualty Insurance Claims Management Modules1.”
“As insurers continue to place a high priority on customer retention, demand for new claims management modules remains very strong,” noted Jeff Haner, Gartner analyst and author of the report. “To be competitive, claims management modules must be built on modern technology foundations using development platforms such as Java or .NET, provide strong claims management functionality and support business process flexibility.”
Gartner assessed six service providers in this MarketScope, which is a review of the established and emerging vendors that support full end-to-end claims management and issuance functionality, from first notice of loss to claims payment or settlement. The full report is available here.
“We are pleased to maintain our Strong Positive ranking for the fifth year in a row and are excited with Claim Components’ continued market success. With our depth of functionality and Accenture’s ‘codeless configuration’ framework, Claim Components has proven to meet the needs of property and casualty (P&C) carriers of all sizes,” said Michael A. Jackowski, global managing director of Accenture Software for P&C insurance.
Accenture also received a “Positive” rating for its Accenture Duck Creek Policy Administration software in Gartner’s latest “MarketScope for North American Property and Casualty Policy Management Modules” report2. Gartner profiled 14 solutions for this report, which is a review of the established and emerging vendors that support robust policy management and issuance functionality — including product design, quoting, rating, underwriting, policy generation and statistical generation.
“Additionally, we are very happy with Gartner’s Positive rating that Accenture received for its Duck Creek Policy Administration and believe it validates our strategy to provide P&C insurers with high levels of configuration tools and rapid deployment capability for faster return on investment (ROI),” said Jackowski.
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.
1 Gartner, Inc. “MarketScope for North American Property and Casualty Insurance Claims Management Modules,” by Jeff Haner, 20 March 2013.
2 Gartner, Inc. “MarketScope for North American Property and Casualty Policy Management Modules report,” by Jeff Haner, 11 February 2013.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 261,000 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. The home page for Accenture’s P&C Insurance software products is www.accenture.com/pcsoftware.
Accenture’s P&C insurance software is part of Accenture Property & Casualty Insurance Services. By applying its extensive industry knowledge to continuously enhance its software, Accenture helps insurers reduce operating costs, and drive growth through better customer interaction and product innovation.
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. 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.
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