Accenture’s Life Insurance Platform Recognized in New Report from Gartner®
October 14 2021 - 6:59AM
Business Wire
Accenture (NYSE: ACN) today announced that Gartner, Inc. has
recognized the Accenture Life Insurance & Annuity Platform
(ALIP) in a new report, titled “Critical Capabilities for Life
Insurance Policy Administration Systems, North America.” * ALIP was
among the top three vendors in the Individual/New Business
Onboarding/Straight-through Processing, New Product
Development/Launch and Digital User Support Use Cases.
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Accenture Life Insurance & Annuity
Platform: A top performing L&A policy admin system (Graphic:
Business Wire)
“We believe our investments in Cloud First, automation and
ecosystem partnerships are reflected in this recognition from
Gartner, as our clients continue to gain agility across the
enterprise, as well as greater speed and flexibility to underwrite
policies,” said Shay Alon, who leads Accenture’s Life and Annuity
Products and Platforms business. “ALIP was instrumental in helping
insurers rapidly shift to remote operations during the pandemic and
will continue to help to accelerate their digital transformation
journeys, positioning them for profitable growth.”
The report’s authors note, “Insurance companies in North America
are now entering the third phase of pandemic renewal in which they
resume their strategic path toward digital transformation. In this
phase, business priorities will shift dramatically as the focus
moves from cost-cutting and cost optimization to business renewal.”
They go on to explain that “to stay competitive, they must take a
more holistic view of the market, assessing long-term changes and
opportunities with process, products, data, customer experience
(CX) and innovation.”
ALIP is a robust and configurable cloud-native digital insurance
platform that offers life insurance carriers and annuity providers
advanced capabilities for product development, new-business
development, underwriting, policy administration, claims and
pay-out, underpinned by data analytics. It is available as an
integrated suite of software with modules that can be implemented
individually or as part of a broader migration strategy.
Accenture Life Insurance & Annuity Platform (ALIP) is part
of Accenture Life Insurance Services. Learn more at
www.accenture.com/lifeandannuitysoftware.
*Gartner, Inc., “Critical Capabilities for Life Insurance Policy
Administration Systems, North America,” Richard Natale, Rajesh
Narayan, August 24, 2021.
Gartner Disclaimer
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in its research publications, and does not advise technology users
to select only those vendors with the highest ratings or
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. GARTNER is a
registered trademark and service mark of Gartner, Inc. and/or its
affiliates in the U.S. and internationally and is used herein with
permission. All rights reserved.
About Accenture
Accenture is a global professional services company with leading
capabilities in digital, cloud and security. Combining unmatched
experience and specialized skills across more than 40 industries,
we offer Strategy and Consulting, Interactive, Technology and
Operations services — all powered by the world’s largest network of
Advanced Technology and Intelligent Operations centers. Our 624,000
people deliver on the promise of technology and human ingenuity
every day, serving clients in more than 120 countries. We embrace
the power of change to create value and shared success for our
clients, people, shareholders, partners and communities. Visit us
at www.accenture.com
Accenture’s Insurance practice helps P&C insurers, life
carriers and reinsurers to redefine their business and operating
models, enhance the digital experience for customers, and position
themselves for growth in a digital economy. To learn more, visit:
www.accenture.com/Insurance.
Copyright © 2021 Accenture. All rights reserved. Accenture and
its logo are trademarks of Accenture.
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Victoria Ancell Accenture +44 7446 277759
v.ancell@accenture.com
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