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ACCENTURE LIFE AND ANNUITY SOFTWARE


Accenture Life Insurance & Annuity Platform

Accelerating product introduction and enabling operational and service level improvements across the full policy life cycle

Overview

Powering modern day needs today and into the future
The Accenture Life Insurance & Annuity Platform (ALIP) is a market leader recognized for its ability to accelerate product introduction, streamline and simplify product and business configuration, and create improved efficiencies through full automation across the policy lifecycle. The highly scalable software suite offers solutions for product development, new business and underwriting and policy administration, including claims and payout. Designed to work as a complete end-to-end solution or implemented individually, ALIP enables carriers to improve productivity, accelerate time to market, and enhance customer service with modern technology capabilities such as ALIP Portal, SmartVideo, Web Recording and Replay, mobility and analytics.

View the full list of supported life and annuity products

Delivered your way―On-premises, in the cloud or in a hybrid environment
Implement ALIP on-premises or leverage ALIP in the Cloud, a deployment option that bundles the full production ALIP system, running on Microsoft Azure, and delivered through a private network model. Also choose from optional cloud hosting, infrastructure outsourcing and application outsourcing services to experience ultimate flexibility, scalability, productivity and cost savings.

BENEFITS

Whether on-premises or in the cloud, we’ve got you covered with continuous investments in product development, deployment and services to ensure you’re at the forefront of technology. We’re all about future proofing for the next generation of innovations. Let us show you how we’re delivering solutions that meet your business needs today and tomorrow.

Accelerate time to market

With an extensive list of flexible pre-built tables and templates, product designers and business analysts—rather than programmers—can configure products, test changes in real-time and automate business process.

Improve service levels

ALIP’s robust functionality is improving agent and customer experience, reducing new business cycle times and providing gains in customer service capacity and efficiency.

Reduce TCO and IT complexity

The combination of our advanced architecture, easy to use configuration tools, product rules and actuarial calculations engines, frees IT resource constraints and reduces overall IT complexity.

Improve operational efficiency

Pre-configured products and business processes allow for increased automation. Additionally, a comprehensive integration layer with reusable and customizable templates, tools and adapters promotes efficiencies and growth.

Streamline processing and lifecycle management

From new business and policy administration to payout and claims, our components share a set of advanced core functions including superior workflow, advanced actuarial calculation capabilities and a progressive rules engine.

Future proof your investment

Our on-going investments in functionality, configurability, interfaces and integration ensure continuous adaptability to your needs, and those of your customers.

Be at the forefront in digital innovations

ALIP’s flexible Java architecture is entrenched with important technology advancements to support home office users, distributors and consumers, offering state of the art portal and mobile capabilities, analytics, video correspondence and web recording.

Lower implementation risk

Accenture’s extensive conversion experience includes over 60 million insurance policies converted across more than 80 projects globally.

Focus on your business

By leveraging ALIP in the Cloud and optional hosting, infrastructure and application managed services, you’re free to focus on what’s core to your business.

Features

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Centralized Product and Business Rules Engine

Complex insurance products and enhanced business processes are rolled out with simplified rules definition that empower both the product and business owners. Find out more

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Advanced Architecture

Fully designed with Java based technology and an advanced architecture, scalability and integration is easily supported whether it be on premise, through our BPO partner or a cloud-based environment.

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End-to-End Policy Lifecycle Support

ALIP is an advanced platform designed to streamline and manage the full policy lifecycle with integrated components for new business and underwriting, through to policy administration, claims and payout.

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Consumer Self Service Portal

Enable consumer self-service capabilities using a “mobile-first” responsive designed portal that provides automatic screen rendering and once-and-done changes across all device channels. View the ALIP Portal demo

Robust Functionality

Our out-of-the-box functionality is second to none with pre-built tables and templates. Our proven commitment to ongoing enhancements supports speed, flexibility and continuous adaptability

RESOURCES