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Accenture Life Insurance & Annuity Platform (ALIP)

A powerful SaaS solution giving you a competitive edge. Deliver new and tailored products faster, speed issuance and service, and streamline business operations.

Powering digital insurance innovation

It’s time to compete more effectively

Empower a digital-first strategy to fundamentally change the way you engage and interact with your customers—consumers, producers and agents alike—across all stages of the policy lifecycle.

The Accenture Life Insurance & Annuity Platform (ALIP) is proven in its ability to help organizations transition to the speed and agility today’s economy demands. And we are leading the way—with our innovation, R&D, cloud experience and on-going investments—for carriers like you to drive digital transformation and operational excellence that enables you to more profitably get and keep happy customers.

With ALIP you get one of the most innovative, fully configurable, feature-rich solutions on the market.

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Why ALIP?

ALIP delivers a powerful digital business solution—one that caters to the growing digital demand from consumers, your business leaders’ need for speed and agility, and your IT department's need for simplification.

Core ALIP features

 
  • Fully configurable system
  • Flexible architecture
  • Centralized rules engine: product & business configuration
  • Advanced actuarial calculation engine
  • Intuitive UI
  • Integrated testing
  • Workflow / Work management
  • Document management
  • Reporting

 

Policy administration: Extensive prebuilt library

 
  • Product templates
  • Business rules
  • Workflows

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Policy administration:Full in-force processing

 

  • Claims and payout
  • Cash management
  • Billing
  • Contract management
  • Fund management
  • Transaction management
  • Tax and regulatory
  • Quotes and inquiries
  • Correspondence
  • Accounting

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Key new business and underwriting features

 

  • Full application lifecycle management: electronic / paper applications, automated underwriting and case management
  • Real-time data validation
  • Automated decision engine
  • Consolidated workbench views
  • Extensive list of third-party integrations

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Achieve cloud flexibility & ecosystem connectivity

With the power of cloud and ecosystem connectivity, you can operate more easily and with greater agility: expand distribution channels, enter new markets, automate business operations and more.

ALIP can accelerate cloud adoption without compromising the functionality you need while ALIP’s Interface Exchange library of industry-standard integrations and APIs makes it easy for you to update and expand your network of third-party providers.

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Delivery services and programs

Our approach maximizes upfront value so your plan and budget reflect the highest return in the least amount of time. We’ll help identify high-value capabilities, services and products for a delivery road map that accelerates and transforms your digital business.

Customize, configure and test in significantly less time

  • Client configuration enhancements go back to the base platform
  • Ever-growing library of production-ready product templates, enhancements, functionality and best practices
  • Easily upgrade as needed to take advantage of new capabilities and enhance the base platform

Prevent legacy lockout

  • Improve IT cost planning and predictability
  • Access the latest product templates, configurations and enhancements
  • Upgrade at a fraction of the cost of “big bang” upgrades
  • Leverage security/vulnerability resolution patches

Gain even greater value from your ALIP investment

  • ALIP University delivers ongoing training and certification. Courses address skill levels from novice to advanced
  • Client learning webinars and focused working groups
  • eLearning video library

Proven best practices and tools to eliminate upfront legacy complications

  • Predictable, high-quality delivery leveraging highly trained insurance professionals
  • Take integration off the critical path
  • Ongoing testing throughout implementation
  • Migrate with confidence with over 2 million policies converted in a single migration

Related capabilities

Life and Annuity Software Portfolio

Innovate with ALIP’s modern new business and policy administration capabilities and digital portfolio.

ALIP Cloud Services

Combine the feature-rich functionality of ALIP with the agility and scale of cloud.

Accenture Life & Annuity Analytics

Gain insights using pre-built predictive models designed exclusively for L&A carriers.