Accenture Recognized by Gartner for Critical Capabilities for Life Insurance Policy Administration Systems, North America

NEW YORK, Oct. 3 -- Accenture, a global professional services company, issued the following news release:

Accenture (NYSE: ACN) today announced that Gartner, Inc., in a new report1, has given Accenture's Life Insurance and Annuity Platform (ALIP) the highest score in the Individual New Business / Onboarding / Straight-Through Processing (STP) and Digital User Support use cases. It also received the three highest scores for New Product Development / Launch use case.

"We're pleased to be recognized for our work in supporting insurers' digital transformations in ways that drive new business and enhance the customer experience," said Shay Alon, managing director for Accenture Life and Annuity Software. "We believe that receiving Gartner's highest product score in these use cases confirms our ability to provide insurers with the technological agility and capabilities required to adapt quickly to customer needs today and into the future."

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.

1 Gartner "Critical Capabilities for Life Insurance Policy Administration Systems, North America" by Richard Natale, Sept. 10, 2018.

*Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.