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.
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