Accenture has launched a new enhanced claims and policy administration solutions which is designed to help property and casualty (P&C) and life insurers focus on operational efficiency and profitable growth by enhancing process automation and multi-channel distribution integration.
According to Accenture, the enhanced insurance industry solutions include: Accenture Claim Components which is upgraded to integrate with a range of standard applications, including mobile technologies and allows insurers to launch claims management solutions for mobile devices; and Accenture Policy Components which enables insurers to access technology in a component-based product configuration and policy administration platform.
The other enhanced solution includes Accenture Life Insurance Platform which enables insurers to bring new and modified products to market quickly with enhanced actuarial, mathematical and statistical functions that support complex product calculations to facilitate configuration of new product requirements.
Gilles Biscay, managing director and head of insurance industry software solutions at Accenture, said: “By simplifying their internal operations while driving highly differentiated services, insurers can take advantage of the upturn to pull away from competitors. Proven software solutions play a pivotal role by providing advanced processing tools and reducing the time it takes to launch products across multiple channels.”