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Accenture Insurance BPO: Property and Casualty Policy Services | | | | | | | Overview | | Accenture's Property and Casualty Policy Services—which are based on proven strategies, processes and technologies—can help insurers achieve high performance in a volatile market by modernizing their legacy environment and improving their operational efficiency. This reduces costs and improves customer service. It also helps raise customer profitability by, among other things, supporting up-selling and the use of less costly channels. The offering provides: - Administrative support for underwriting and policy services.
- Straight-through rules-based policy processing with extensive standardization and automation.
- Decision tools that automate underwriting risk selection and pricing.
- Industry-proven practices embedded within component-based software applications.
- World-class experience in insurance processing, delivery and IT, and call centers.
- A global network of leveraged insurance BPO facilities.
The benefits can include:
- Potential savings of 30 to 50 percent.
- Better financial predictability by switching from fixed to variable pricing.
- More accurate pricing through greater cost transparency.
- Measurable improvements in process reliability, accuracy and speed.
- Enhanced customer and intermediary relationships—and therefore less churn—as a result of improved service and access to information.
- The ability to manage activity peaks and troughs without having to invest in often-underutilized capacity.
Related Research and Insights
Contact us to learn how you can achieve high performance with Accenture's Property and Casualty Policy Services. Back to the Insurance BPO Overview page or view Life & Annuity Policy Services, Property & Casualty Claims Services, Pension Services or Collections and Disbursements Services.
Next: Why Accenture |
| | | Why Accenture | Accenture is recognized as a leading BPO service provider, offering an impressive combination of experience, expertise and outsourcing assets: - Deep industry knowledge: For more than 30 years we have worked with leading insurers, helping them enhance their systems and processes. We serve more than 85 percent of the world’s top 40 insurance companies.
- An impressive track record: We have approximately 4,500 insurance process professionals helping more than 50 leading insurers achieve high performance through business process outsourcing. They handle more than 10 million transactions annually, administer more than 2 million policies, and provide pension fund administration to some 1 million members.
- Proven software assets: Our proprietary software solutions—such as Accenture Claim Components and Accenture Underwriting Components—capture our extensive experience in insurance processes. Supporting these assets are our strategic alliances with software vendors such as SAP and Microsoft.
- Insurance BPO processing centers: We have nine established, specialist insurance BPO facilities located in different countries throughout the world. Each provides clients with experienced insurance processing personnel and a shared, optimized processing platform—and the opportunity to select the optimal combination of onshore, nearshore and offshore sourcing options.
- A global delivery network: Supporting the insurance processing centers are more than 80,000 outsourcing and IT professionals in 40 cities.
- Industry recognition: In April 2008 the International Association of Outsourcing Professionals ranked Accenture the world’s leading outsourcing provider across 18 key attributes. We were also rated by InformationWeek as the top outsourcing provider in 2007, and by Fortune as America’s most admired IT services company in 2005, 2006 and 2007.
Related Client Successes - RSA (formerly Royal & SunAlliance) outsourced a number of its front-office and back-office processes to Accenture as part of a broader cost reduction initiative. The result was not only lower operational costs, but also a consistently high level of customer service.
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