Accenture has released an updated version of the Accenture Life Insurance & Annuity Platform (ALIP) New Business and Underwriting component that improves productivity levels for underwriters and case managers via a new workbench that streamlines navigation and centralizes information.
Developed in collaboration with Accenture’s clients, the new release expands upon the platform’s new business and underwriting capabilities to create a superior user experience and meet the growing demands for simplified issue support.
The new workbench delivers one simple management tool and view of policies for underwriters and case managers. Users can accelerate work flows with simplified application templates and process flows, and support automated ordering, approval and referral management to reduce manual intervention.
Expanded decision management support will also be available, providing an auto-populated dashboard of “out of bounds” issues to quickly alert underwriters when intervention and evaluation is required.
Accenture Life & Annuity Software product line lead Mitch Ludwig said: “Having our customers engaged throughout the design and development process has allowed us to create practical and user-friendly capabilities that will help users become faster and more efficient.
“The improvements to our new business underwriting and case manager component is another example of how we continue to invest and deliver smart solutions that meet our customers’ needs.”
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.