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Many life insurers are turning to Accenture for help in exploiting the potential of digital technologies to make customers the pivot of their businesses and to aim for growth and operational excellence.
We believe carriers can create economic value by reviewing and updating their business and operating models to take full advantage of new opportunities such as connected insurance, the power of analytics and ecosystems. Simply digitizing existing processes is not enough.
Accenture is an industry leader in helping develop and implement a comprehensive Digital Insurer strategy. Within this broad role, our specific areas of focus include:
Life Platform Modernization
Life Insurance Distribution & Marketing Services
Life Insurance BPO
Finance, Risk & Regulatory
Technology & Infrastructure Services
Software: Accenture Life Insurance Platform
Register to download Getting to 2020: Strategies for Profitable Growth in U.S. Life Insurance.
Accenture’s key Life Insurance services include:
Life Platform Modernization. Consolidating and optimizing your life and annuity platform to reduce costs, improve customer service and increase business agility.
Life Insurance Distribution & Marketing Services. Enabling customer-centricity and personalization, enhancing cross-channel capabilities, optimizing the return on the investment in marketing, and maximizing salesforce effectiveness.
Life Insurance BPO. Optimal sourcing not only allows you to change your cost structure, but creates opportunities for operational excellence and achieving a competitive advantage.
Finance, Risk & Regulatory. Accenture helps you not just to meet regulatory requirements, but also to increase the role of the finance function in strategic decision making and to capitalize on enterprise risk management as a strategic competitive differentiator.
Technology & Infrastructure Services. We offer a broad and deep spectrum of technology services – from IT strategy to architecture, network transformation, cloud, security and many more – to help you translate your business strategy into IT initiatives and solutions that improve your performance.
Software: Accenture Life Insurance Platform. The market-leading Accenture Life Insurance Platform combines illustrations, e-apps, underwriting and policy administration into one flexible platform, speeding time to market, reducing operational costs and facilitating true multi-channel capabilities.
For more than 30 years, Accenture has worked closely with many of the world's leading life and annuity insurers. We collaborate with our clients to help them plan and implement the complex business and operational changes needed to achieve high performance in a volatile market.
Experience. We have worked with industry leaders for more than 30 years. We work with 9 of the top 10 and 26 of the top 30 life insurers.
Top insurance and digital talent. We have 13,000 insurance resources who specialize in customer strategy, marketing and digital processes, marketing operations and customer data management. We also have 25,000 resources who help our clients design and deliver the best in customer relationship management, analytics, digital and mobile services.
Global network of centers of excellence. Accenture has a global network of 40+ industry and technology specific innovation centers.
Growing ecosystem. Accenture has alliances with the leading software providers and continues to make strategic acquisitions to boost its own capabilities. Recent acquisitions include Avventa, Acquity and Fjord.
Full-service offering. Accenture offers a complete range of services, from pure consulting to implementation and ongoing managed services. This allows you to access new capabilities at scale and at speed “as a service.” The Accenture Life Insurance Platform is a trusted pre-integrated software suite used by more than 40 leading life insurers and annuity carriers worldwide.
Innovative commercial arrangements. Accenture focuses on outcomes, and will structure a deal to suit your needs, from a traditional fee for service to a gain-share arrangement that is linked to performance improvement. Our managed services can also be structured around a fee for each transaction.
Extensive and growing intellectual capital. We undertake research and benchmarking exercises to identify trends and give our clients practical road maps for turning opportunities into profitable growth. We understand the stages in the journey toward digital maturity, and have begun to quantify each value lever.
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