ALIP University—Advanced Product Configuration

Gain a deeper understanding of how a product line is configured within the Accenture Life Insurance & Annuity Platform (ALIP) with these courses.

About the courses

Four advanced courses are available, including three product lines of business and a deep dive session on miscellaneous topics applicable to all lines of business. Note: Completion of the introductory Product Configuration course is a prerequisite.

Traditional Life Products (Term and Whole Life)

  • Covering the major components required to configure Term or Whole Life products.
  • Subjects: product introduction, attributes, dividend options, premiums, benefits, dividends, lapsation, reinstatement, customizable error messages, nonforfeiture (NFO), transactions.
  • Two-day course.

Non-Traditional Life Products

  • Covering the major components required to configure Universal Life (Fixed, Variable and EI) and Fixed Premium UL (Fixed, Variable and EI) products.
  • Subjects: product introduction, attributes, benefits, annual/periodic charges, loans, surrender/transaction charges, interest rates, equity index adjustments, premiums and more.
  • Two-day course.

Annuity Products (Deferred and Immediate)

  • Covering the major components required to configure Deferred and Immediate Annuity products.
  • Subjects: product introduction, attributes, annuity payment options, liquidity and COLA adjustments, annuity death benefits, annual and periodic charges, surrender and transaction charges, interest rates and more.
  • Two-day course.

Deep Dive on Miscellaneous Topics

  • This course covers a set of miscellaneous topics that are part of product configuration but not necessarily specific to one product line. The session is paired with your selected product line course and covers: Fund Management, Accounting, Product Testing Workbench, Data Elements and XML Binding, Systems Tables.
  • One-day course.

Course structure

  • A classroom setting limited to 12 participants.
  • A PowerPoint is used for training with 8-10 subjects per topic.
  • Each subject includes: an introduction, interactive instruction, hands-on activities, conclusion, instructor checkpoint, final test.
  • Training lasts six hours per day plus extra time for breaks/lunch.

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Intended audience, cost and logistics

Intended audience

The "Advanced Product Configuration" courses are intended for those who have taken the introductory ALIP Product Configuration course and desire a deeper understanding of how a product line is configured within the platform. Participants of these courses are typically actuaries or technical business analysts responsible for setting up life and annuity products in ALIP.

Completion of the introductory Product Configuration course is a prerequisite.

Cost and logistics

  • Training is customized to each customer’s needs. We will discuss your cost structure with you once you’ve initiated your registration process through the registration form.
  • Each course is limited to 12 participants to ensure quality and individual attention. A minimum of four participants is required.
  • The course cannot be audited by customer’s management.
  • Note: Participants are required to bring their own laptop.