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ACCENTURE LIFE AND ANNUITY SOFTWARE


ALIP Policy Administration

Enabling carriers to rapidly and cost effectively improve operational efficiencies and customer service productivity.

Overview

Create operational efficiencies and more effective business process management initiatives. Accenture Life Insurance & Annuity Platform (ALIP) Policy Administration provides access to consolidated product, policy and customer information, improving operational efficiencies and customer service productivity.

BENEFITS

Improve speed to market
Configure products and business processes to quickly and effectively introduce new products and make changes to existing products.

Reduce total cost of ownership
Rapidly and efficiently process new applications and policy service activities to increase productivity and reduce per policy service costs.

Robust customer service support
Benefit from a customer centric view of your portfolio.

Improve operational efficiency
Automate business processes with pre-configured processes available out-of-the-box.

Robust, scalable system functionality
Automate operational support across the full policy lifecycle, regardless of the size of your business and transaction volumes.

Improve compliance
Benefit from built-in compliance for US tax processing, and configurable rules and calculations for global markets.

New and complex products support
Get the flexibility and functionality you need to support both life and annuity products on a single platform, including robust payout processing rules.

FEATURES

Centralized product and business rules engine
The rules engine simplifies product definition, management and testing, and reduces new product introduction time and costs.

Pre-built templates
Pre-built, out-of-the-box templates are offered for common product features, business processes and inquiry views. Templates can be customized as needed.

Multiple payment streams
Supported within a single contract, each stream has a unique payment option, start date, frequency and payees.

Advanced payout features
Complex product features and robust payout administration are supported.

RESOURCES