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Product Configuration
and AACE

PRODUCT CONFIGURATION AND AACE

Intended Audience

The "Product Configuration and AACE" course is targeted towards resources that are looking to gain a solid understanding of the product components of ALIP. This includes all resources responsible for implementing the products in the platform:

  • Actuaries

  • Business analysts

  • Technical (developers and architects)

It is assumed the participant has in depth product knowledge including a comprehensive understanding of how the product needs to be administered and processed throughout the lifecycle of a policy. This also includes an understanding of how all of the product’s policy values are derived and calculated.

Cost and Logistics

  • Cost: $5,000 per participant (Travel and accommodation are not included)

  • Duration: Four days, including a final skills lab for grading each participant’s skill level

  • Location: The Accenture Florham Park Office, 500 Campus Drive, Florham Park, NJ 07932 | Phone: +1 973 301 1000

  • Each course will be limited to 12 participants to ensure quality and individual attention. A minimum of four participants is required to confirm the class.

  • Note: Participants will be required to bring their own laptop to the course.

ABOUT THE COURSE

Topic 1 - ALIP Product Configuration
This first topic of this introductory course is intended to provide a broad overview of all of the components associated with product configuration in the ALIP platform. The course is not product type specific, rather concentrates on the product framework. This first topic of the course is a duration of two full days and covers the following subjects:

  • Product Introduction

  • Product Structure – Product, Attributes, Features

  • Product Structure – Transactions

  • Configurable Features and Rules

  • Introduction to Functions

  • Product Tables

  • Other Product Configuration Topics

  • Configurable Transactions

  • Funds

  • Accounting

  • Product Testing Workbench (PTW)


Topic 2 - AACE: The Calculation Engine
This second topic is designed to empower the user with the skills to master the components of the calculation engine within the platform. This second topic is a duration of two full days and covers the following subjects:

  • Function Introduction

  • System Functions

  • Custom Functions

  • Conditional Statements

  • Looping Statement

  • Data Elements

  • Actuarial Tables and Functions

  • Matrices and Operations

  • Debugging Functions and Runtime Log

COURSE STRUCTURE

The course will be conducted in a classroom setting and is limited to 12 participants. A PowerPoint will be used to drive the training. The course will consist of 8-10 subjects for each topic (outlined above).

Each subject will have:

  • An introduction outlining a set of objectives

  • Interactive instruction

  • Hands on activities

  • Conclusion review

  • Instructor Checkpoint—to ensure successful knowledge transfer of the covered material.

  • Final Test

Each student should bring a laptop with them to access a site provided by the instructor. This site is where the hands on activities will be completed.

Six hours of training is the target for presentation and activities for each full day of the course. The extra time will allow for breaks and lunch as well as any additional questions that come up during the course.

HOTEL RECOMMENDATIONS

Wyndham Hamilton Park Hotel & Conference Center*
Address: 175 Park Ave, Florham Park, NJ 07932
Phone: 973-377-2424 | Fax: 973-377-6108
½ mile from Accenture FPO

Hyatt Summerfield Suites Morristown*
Address: 194 Park Avenue, Morristown, NJ 07960
Phone: 973-971-0008 | Fax: 971-971-0013
½ mile from Accenture FPO

The Madison Hotel*
Address: 1 Convent Road and Rt. 24, Morristown, NJ 07960
Phone: 973-285-1800 | Fax: 973-540-8566
1 mile from Accenture FPO

The Westin Governor Morris*
Address: 2 Whippany Road, Morristown, NJ 07960
Phone: 973-539-7300 | Fax: 973-984-1036
2 miles from Accenture FPO

Hanover Marriott
Address: 1401 Route 10 East, Whippany, NJ 07981
Phone: 973-538-8811 | Fax: 973-538-0291
4 miles from Accenture FPO



(*Preferred Vendors - Special Accenture Rates)


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