Accenture Life Insurance, Annuity Platform Helps Tier-One U.S. Insurer Accelerate Product Introduction, Growth
The insurer selected ALIP as its strategic life and annuity platform to support business development by accelerating product introduction, consolidating systems and simplifying their IT environment. ALIP's extensive library of configurable product templates contributes to the insurer's quick product launches, while new business processing improves operational efficiency. ALIP also speeds underwriting decisions by using automation to route electronic applications and facilitates straight-through processing, enhancing the advisor and customer experience. ALIP now processes more than 80 percent of this insurer's new business applications.
"By deploying ALIP, this leading insurer is accelerating their go-to-market distribution strategy with high-volume products for their customers, which is ultimately growing their bottom line," said
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.
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