ALIP University—Product Configuration and AACE

Gain a solid understanding of the product components of the Accenture Life Insurance & Annuity Platform (ALIP).

About the course

This introductory course offers a broad overview of all the components associated with product configuration in the ALIP platform and is designed to empower the user with the skills to master the components of the calculation engine (AACE).

Topic 1 - ALIP Product Configuration

  • Focusing on the product framework rather than product type, this topic covers: product introduction, product structure, configurable features and rules, introduction to functions, product tables, other product configuration topics, configurable transactions, funds, accounting, Product Testing Workbench (PTW).
  • This topic lasts two full days.

Topic 2 - AACE: the calculation engine

  • This second topic 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.
  • This topic lasts two full days.

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 course is targeted toward all resources responsible for implementing the products in the platform: Actuaries, Business Analysts, Technical (developers and architects).

Participants needs 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 the product’s policy values are derived and calculated.

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.