Six US Insurers Implement Latest Accenture Life Insurance, Annuity Platform
Six large insurance carriers have implemented the latest version of the
Digital service capabilities and the mounting costs of legacy systems are driving carriers to modernize their infrastructures," said
The latest group of carriers to implement ALIP included new and existing licensees. Accenture, which led the implementations, leveraged automation tools, skills and methodologies that led to on time and on budget implementations, including one upgrade that took just eight weeks and an end-to-end implementation that was completed in twelve months.
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. The platform is part of
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.
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