Accenture Insurance Configuration Components Solutions

The financial crisis has magnified the challenge, increasing the need for insurers to focus on more effective portfolio management and on lower-cost, intelligent growth.

To expand market share in these difficult times, carriers are compelled to differentiate their products and services and improve their ease of doing business. They must be nimble, to capitalize on market opportunities and respond swiftly to market problems. Accenture Insurance Configuration Components Solution (ICCS) meets these challenges by putting control of product management into the hands of business users.

ICCS is a next-generation insurance product development workbench that helps enable rapid product introductions and changes, utilizing leading third-party rules, rating and form production engines. The solution provides insurers with a platform to externalize the business logic that currently resides in legacy systems. This makes it easy for business users who define products to manage the business logic associated with those products. Extraction and centralization of their business rules positions insurers for higher performance in underwriting, product development and policy processing.

Listen to the podcast about how software solutions can help insurers address today’s challenges.

Accenture Insurance Configuration Components Solution (ICCS) helps insurers achieve high performance in product development by cost-effectively improving the time to market for new products and enhancements.

Accenture Insurance Configuration Components uses a low-cost, highly scalable platform derived from Accenture Claim Components Solution and Accenture Underwriting Services, an industry-leading set of comprehensive, reusable software assets that have helped more than 15 leading insurers realize significant improvements in underwriting and claims operations while reducing costs.

Based on Microsoft Windows or .NET platforms, ICCS is built to open architecture standards. It supports leading rules and rating engines, fully anticipating heterogeneous hardware and software environments and helping to reduce technology costs. The application architecture provides reusable execution services and consistent development patterns and templates to speed modifications and eliminate the need to rewrite code, thereby lowering delivery risk. Component-based technologies, combined with the system’s proven high interoperability with legacy systems and third-party software products, enable Accenture to deliver the fit of custom-built software with the speed of a package.

Accenture Insurance Configuration Components Solution encompasses three key areas:

• A design and configuration environment
• A deployment management component
• A run-time environment

In addition to the solution itself, Accenture provides proven tools, assets and delivery capabilities which – combined with years of practical experience and deep industry expertise – can accelerate the journey to product development excellence by cost-effectively improving the time-to-market for new products and enhancements.

Find out more about Accenture Claim Components and Accenture Underwriting Services.