Accenture Credit Services offer a full suite of life settlement asset management services for providers, servicers and investors. We help deliver scalability and flexibility through a combination of onsite, onshore and offshore outsourcing support. Services can be implemented à la carte or customized to align with existing business models and frameworks.
Acquisition Support
Accenture Credit Services reviews an average of more than 800 case submissions per month, applying the requested selection and underwriting guidelines to help focus resources on the cases that are most likely to lead to a transaction. Submitting brokers can also be verified and qualified according to customer-specific requirements.
Acquisition services include:
- Submission compliance monitoring
- Date capture and data entry
- Document tracking and follow-up
- Illustration orders
- Life expectancy quote orders
- Medical record orders
- Broker background checks
- Anti-fraud reviews
Policy and Portfolio Valuation
Accenture Credit Services has a long history of analyzing individual policies and portfolios. Our experience with premium stream analysis and providing support for securitization of commercial mortgage-backed securities (CMBSs) and collateralized debt obligations (CDOs) enables us to support life settlement securitization, compliance and investor reporting activities.
Valuation services include:
- Illustration validation
- Policy and portfolio probabilistic and stochastic valuation modeling
- Pre-acquisition portfolio valuation
- Premium stream analysis
- Life expectancy monitoring
- IRR, sensitivity analysis, joint venture (JV) structuring
- Cash flow and waterfall modeling
Asset Surveillance
Accenture Credit Services helps track and monitor the full life settlements lifecycle—from origination to sale of the asset or submission of a claim—using our proven processes and controls. Our surveillance services are particularly well suited for monitoring synthetic or retained servicing transactions.
Surveillance services include:
- Premium and upfront payment monitoring
- Premium confirmation and due notice processing
- Policy and portfolio valuation monitoring
- Policy change notification and ownership tracking
- Underwriter monitoring
- Verification of coverage
- Mortality tracking
- Claim submission support
- Investor reporting
- Portfolio analytics
- Return analysis
- Disposition analysis
Medical Records and Document Support
Accenture Credit Services support the paper-intensive servicing of life settlements by helping provide complete, current and manageable documentation, including for medical records. Redacting services also allow sensitive information to be removed so that documents can be shared with third parties without violating requirements of the Health Insurance Portability and Accountability Act (HIPAA).
Document management services include:
- Medical record reorganization
- Ordering by attending physician statements (APS) and/or date
- Duplicate removal
- International Statistical Classification of Diseases (ICD-9) coding
- Physician reviews
- Document indexing
- HIPAA compliance support
- Storage and redaction
- Medical records
- Illustrations
- Policy documents
- Life expectancy (LE) quotations
- Credit and financing applications
- Portfolio reports
- Correspondence
Read how our credit services will be expanding with the acquisition of Zenta
Contact us for more information on Accenture Credit Services
Return to: Accenture Credit Services Overview