New Release of Accenture Life Insurance and Annuity Platform Improves Productivity for Underwriters and Case Managers
October 25 2016 - 4:57AM
Business Wire
Accenture (NYSE:ACN) has released an updated version of the
Accenture Life Insurance & Annuity Platform (ALIP) New Business
and Underwriting component that enhances productivity levels for
underwriters and case managers through a new workbench that
streamlines navigation and centralizes information.
Developed in collaboration with Accenture’s clients, the new
release expands upon the platform’s new business and underwriting
capabilities to create a superior user experience and meet the
growing demands for simplified issue support.
The new workbench delivers one simple management tool and view
of policies for underwriters and case managers. Users can
accelerate work flows with simplified application templates and
process flows, and support automated ordering, approval and
referral management to reduce manual intervention. Expanded
decision management support will also be available, providing an
auto-populated dashboard of “out of bounds” issues to quickly alert
underwriters when intervention and evaluation is required.
“Having our customers engaged throughout the design and
development process has allowed us to create practical and
user-friendly capabilities that will help users become faster and
more efficient,” said Mitch Ludwig, product line lead for Life
& Annuity Software at Accenture. “The improvements to our new
business underwriting and case manager component is another example
of how we continue to invest and deliver smart solutions that meet
our customers’ needs.”
Used by leading insurers worldwide, ALIP is a robust,
configurable and scalable solution 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.
About Accenture
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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AccentureJames Murphy, +
1-917-452-0588james.p.murphy@accenture.com
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