NEW YORK; Oct. 17, 2016 – Accenture (NYSE: ACN) has been selected by one of the world’s largest insurance companies to strengthen its annuity business through the firm’s Accenture Life Insurance & Annuity Platform (ALIP) software.
The ALIP platform will enhance the insurer’s customer relationships and support growth by providing a seamless digital experience to consumers and enabling the company to broaden its distribution channels. The platform will also allow the insurer to significantly accelerate product introduction and strengthen its annuity infrastructure for new business development and policy administration.
ALIP was selected by the insurer – which is among the world’s largest – for its leading architecture and modern tools that help create a seamless integration process with other systems, in addition to a configurable framework that delivers more capabilities and flexibility to business users.
“We’re delighted that this highly respected global insurer has turned to ALIP to support its rapidly growing business,” said Shay Alon, global managing director of Life & Annuity Software at Accenture. “As the insurance sector becomes increasingly competitive, we’re seeing just how important it is to use an agile test-and-learn approach for new product introduction and improving the customer experience.”
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 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.
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.
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 384,000 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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