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ACCENTURE LIFE AND ANNUITY SOFTWARE


ALIP ANALYTICS

WHAT'S YOUR DATA TELLING YOU?
WE CAN HELP INTERPRET.

Data is the currency of a digital business, and you have loads of it. But can you decipher what it’s telling you? Data without interpretation is gibberish. Let our real-world insurance and data science expertise decode your raw data and turn it into valuable insights.

ALIP Analytics is a turn-key, as-a-Service solution designed specifically for life and annuity businesses that want to convert data into knowledge to improve top- and bottom-line performance, enhance your customers’ experience and reduce risk.

ALIP Analytics’ normalized data model and industry standard tools allow us to easily extract and transform data from any source—ALIP, other internal systems or external sources. Then, applying the expertise of our life and annuity data scientists, we produce actionable insights, ranging from exploratory reporting to advanced predictive and forecasting models.

ALIP Analytics easily extracts and transforms data from any source—producing actionable insights ALIP Analytics easily extracts and transforms data from any source—producing actionable insights

WHY ALIP ANALYTICS?

The power to predict, perfect, perform!

ALIP Analytics can help you extract more value from your data and deliver the key performance indicators and predictive insights you need to define data-driven actions that drive top-line growth and bottom-line performance. Our vast inventory of prebuilt insights was developed by a combination of Accenture’s expertise in the life and annuity industry and data science.


Here’s what ALIP Analytics can do for you:

Use your new business and underwriting operations data to improve processes and correct issues before they impact your profitability. You’ll gain a better understanding of your new business profitability and predict policy issue decisions.

ALIP prebuilt data insights include:

New business and underwriting inventories and issue efficiency
IGO/NIGO reasons and requirements tracking and timing
Suitability assessment
Prediction of contract issue

Continue driving efficiency and profitability throughout the life of the policy. Use operational data to identify trends and to predict future service transactions that can help you plan staffing levels and customer experience actions such as conservation programs.

ALIP prebuilt data insights include:

Overall portfolio health trend
Financial and non-financial transactions trends
Death claim aging
Prediction of contract terminations
Forecast key transactions

Boost revenue and profits by comparing your performance with market data to drive sales efforts and product development. The data can help you outperform your competitors by selecting the right markets and pairing the right products to the best opportunities.

Client sales compared to market trends
ROI/profitability for existing products
New product ROI/profitability projections

Use behavioral data to identify patterns and opportunities that help you anticipate customers’ needs and nurture long-term profitable relationships with customers and agents.

ALIP prebuilt data insights include:

Agent portfolio and commissions behavior
Agent new business and service performance
Customer share of wallet
Customer transaction performance

Protect your business from fraudulent activity and ensure regulatory compliance.

ALIP prebuilt data insights include:

Track service transactions to detect potential fraudulent activity
Compliance KPIs

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DATA ANALYTICS MATURITY MODEL

Let ALIP Analytics help you extract more value from your data—wherever you are in the maturity model—and continue to deliver value as your program matures.

ALIP Analytics help you extract more value from your data—wherever you are in the maturity model  ALIP Analytics help you extract more value from your data—wherever you are in the maturity model