January 31, 2014
Accenture Recognized by Analyst Firm Ovum as European Market Leader for P&C Insurance Policy Administration Platform
LONDON; Jan. 31, 2014 – Accenture (NYSE: ACN) has been named a “Market Leader” for its Accenture Duck Creek Policy software in Ovum’s report titled, “Ovum Decision Matrix: Selecting a P&C Insurance Policy Administration Platform – Europe, 2013–14”1.
The Decision Matrix report provides a detailed assessment of eight leading platform vendors serving the European property & casualty (P&C) insurance sector based on a quantitative assessment of the vendor’s influence on the market and the quality and breadth of the functionality provided by its platform and underlying technology. According to Ovum, the “Market Leaders” category represents the leading solutions that are worthy of a place on most technology-selection shortlists. Vendors in this category have established a commanding market position with a complete or near-complete offering that addresses overall market requirements with a strong technology capability.
“We see Accenture’s Market Leader listing in this report as confirmation of Accenture Duck Creek Policy’s ability to help our clients save costs, improve quality and streamline the product development process,” said Albert Juanals, managing director of Accenture Software for P&C Insurance in Europe, Africa and Latin America. “With functionality that can help European P&C insurers break into new markets and achieve long-term objectives, Accenture Duck Creek is a natural choice for companies seeking modern, leading edge technology in a competitive marketplace.”
Accenture Duck Creek Policy is built on a flexible, modern platform that enables carriers complete policy management for all lines of business-personal, commercial and specialty. Accenture’s industry-leading policy, claims and billing 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 helps insurers of all sizes benefit from a flexible suite of property & casualty software to configure products, transact lines of business and process claims.
1 Ovum Decision Matrix: Selecting a P&C Insurance Policy Administration Platform – Europe, 2013 (IT004-000386), 17 Oct 2013
Accenture is a global management consulting, technology services and outsourcing company, with approximately 281,000 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$28.6 billion for the fiscal year ended Aug. 31, 2013. 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. 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.
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