Accenture Life Insurance & Annuity Platform Selected by Leading North American Insurance Company
The insurer will replace several legacy systems across its life and annuity business with ALIP to manage and support all product lines with full policy lifecycle administration – from new business and policy administration to claims/payout—over a multiple-year roll-out program. The goal is to get new products to market faster and more efficiently, build innovative products and provide excellent customer service.
The insurer selected ALIP for its advanced architecture and modern tools to help ease integration with other systems, in addition to its robust features and configurable approach that empowers business users with added capabilities and flexibility. The implementation of ALIP will help enable the insurer to introduce products more quickly and leverage flexible user-defined business rules to respond quickly to ever-changing market demands and digital channels.
“We are pleased to welcome this newest member to our growing client community,” 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 integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.
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