Accenture (NYSE: ACN) has been positioned as a Leader in Gartner’s “Magic Quadrant for Life Insurance Policy Administration Systems, North America*” report for its Accenture Life Insurance and Annuity Platform (ALIP).
The report evaluated 12 different software vendors on 15 criteria and placed Accenture in the Leaders quadrant. According to the report, “Scalable, core systems that support continuous change are an essential foundation on which to assemble a digital business technology platform.”
“Accenture invests heavily in innovation, talent and partnerships to help our clients excel in a digital market and optimize business outcomes at scale,” said Shay Alon, a managing director at Accenture who leads its Life and Annuity Products and Platforms practice. “Already, our clients are scaling their businesses through ALIP’s cloud deployments, advanced L&A Analytics and automation capabilities. Receiving this designation six consecutive times reaffirms our commitment to help Life and Annuity carriers apply advanced technology to acquire, serve and retain customers through relevant, personalized experiences delivered with speed and efficiency.”
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. 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.
*Gartner, Inc., “Magic Quadrant for Life Insurance Policy Administration Systems, North America,” Richard Natale, August 5, 2019. 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.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world’s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.