Life & Annuity Software news

Get the latest news about Accenture Life and Annuity Software’s market-leading ALIP suite and digital portfolio.

2019

Gartner recognizes ALIP for Critical Capabilities

Oct. 14, 2019 — Gartner’s “Critical Capabilities for Life Insurance Policy Administration Systems, North America” report has given ALIP the highest score in its Digital User Support Use Case. ALIP’s ratings and scores have increased year on year for Use Cases. Full story

ALIP positioned a Leader in 2019 Gartner Report

Sept. 10, 2019 — ALIP has, for the sixth consecutive time, been positioned a Leader in Gartner’s “Magic Quadrant for Life Insurance Policy Administration Systems, North America” report. Full story

Principal Financial Group accelerates growth

Aug. 28, 2019 — Principal Financial Group ® has implemented ALIP to enable its digital growth strategy with enhanced service levels and operating efficiency. Full story

New capabilities at L&A Client Conference

Jun. 12, 2019 — An exclusive client gathering of senior executives and managers from North America's most recognized life and annuity brands convened for advancements to ALIP and strategic alliances that will help attendees unlock sources of sustained growth and innovation amidst industry disruption. Full story

First cloud-based implementation of ALIP complete

Feb. 26, 2019 — Accenture has, for the first time, implemented ALIP for new business and underwriting in a full-service cloud-hosted environment. Full story

RGA underwriting rules engine integrated into ALIP

Jan. 30, 2019 — Accenture has integrated RGA’s AURA® underwriting rules engine into ALIP, making ALIP the first such platform to provide an out-of-the-box option. As a result, carriers can implement ALIP faster and leverage AURA’s advanced underwriting capabilities more quickly. Full story

Introducing Analytics as a Service for the L&A Industry

Jan. 16, 2019 — Life & Annuity Analytics, a new turn-key analytics solution, is unique to the needs of life and annuity carriers. The solution includes more than 80 insights from predictive and forecasting models across key life and annuity domains. Full story

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2018

ALIP wins two XCelent industry awards

Nov. 14, 2018 — Accenture has received two XCelent awards for ALIP in a recent report from research and advisory firm Celent. Celent recognizes ALIP as a leader in technology and functionality categories. Full story

Gartner recognizes ALIP for critical capabilities

Oct. 3, 2018 — Gartner has given ALIP the highest score in the Individual New Business / Onboarding / Straight-Through Processing (STP) and Digital User Support use cases in a new report. It also received the three highest scores for New Product Development / Launch use case. Full story

ALIP positioned a Leader in 2018 Gartner Report

Sept. 17, 2018 — ALIP has, for the fifth consecutive time, been positioned a Leader in Gartner’s “Magic Quadrant for Life Insurance Policy Administration Systems, North America” report. Full story

First L&A tier-1 cloud New Business and PAS system

September 11, 2018 — Accenture implemented ALIP in large-scale cloud deployments for two tier-one life insurers, including the first cloud deployment of an end-to-end new-business, underwriting, and policy-administration system in the life and annuity insurance industry. Full story

ALIP Release 5.2 empowers insurers

July 11, 2018 — Accenture launched its latest release of ALIP. Release 5.2 — with advancements in configurability, cloud security and platform connectivity — accelerates the ability of insurance carriers to design, build and market life and annuity products through any distribution channel, including direct-to-consumer. Full story

ALIP selected by U.S. tier-one insurer

Feb. 13, 2018 — A tier-one U.S. insurer has selected ALIP to enable its digital new business and underwriting strategy. Full story

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2017

ALIP helps tier-one U.S. insurer

Nov. 28, 2017 — Accenture helped a tier-one U.S. insurer roll out 17 new life insurance products in 20 months across five product lines leveraging ALIP. One product delivered a 25 percent increase in year-on-year sales volume. Full story

ALIP wins two XCelent industry awards

Dec. 13, 2017 — ALIP has received two XCelent in a recent report from research and advisory firm Celent. Celent recognizes ALIP as a leader in the advanced technology and depth of service categories. Full story

ALIP helps enable new market strategy

Oct. 23, 2017 — ALIP was successfully deployed at Ohio National Financial Services and the carrier has launched its first indexed universal life (IUL) insurance product, marking the company’s foray into the complex IUL market. Full story

ALIP launches personalized SmartVideo templates

Oct. 10, 2017 — The suite of personalized, SmartVideo templates integrated with ALIP will help carriers offer tailored video messages more quickly while reducing the overall cost of their client communications and servicing. Full story

Six US insurers implement latest ALIP

Sept. 14, 2017 — Six large insurance carriers have implemented the latest version of ALIP. The carriers, which include several tier-one through tier-three insurance companies in the U.S., are using the platform to transform their businesses and modernize critical systems. Full story

ALIP positioned a Leader in 2017 Gartner Report

July 18, 2017 — Accenture has been positioned for the fourth consecutive time as a Leader in Gartner’s June 2017 “Magic Quadrant for Life Insurance Policy Administration Systems, North America” report. Full story

Insurer modernizes NB and customer experience

July 11, 2017 — A top 10 life and annuity insurance carrier is now live with the latest version of ALIP. Full story

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2016

Highest product scores in three use cases

Dec. 6, 2016 — Accenture has received the highest scores in three use cases in Gartner's September 2016, Critical Capabilities for Life Insurance Policy Administration Systems, North America. Full story

New NBUW release of ALIP improves productivity

Oct. 25, 2016 — Accenture has released an updated version of ALIP New Business and Underwriting component that enhances productivity levels for underwriters and case managers through a new workbench that streamlines navigation and centralizes information. Full story

Leading global insurance company selects ALIP

Oct. 17, 2016 — ALIP has been selected by one of the world's largest insurance companies to strengthen its annuity business. Full story

ALIP launches Regulatory Compliance Board

July 21, 2016 — Accenture has formed a new client informational board that will allow insurers using ALIP to keep up-to-date and engage in informal discussion of new industry compliance requirements. Full story

ALIP positioned a Leader in 2016 Gartner Report

Mar. 23, 2016 — ALIP has been positioned in the "Leaders" quadrant by Gartner in the February 2016 "Magic Quadrant for Life Insurance Policy Administration Systems, North America”. Full story

ALIP selected by leading US insurance company

Jan. 25, 2016 — Accenture has been selected by one of the leading US-based financial institutions to modernize its life and annuity business and support continuous process improvement through the implementation of ALIP. Full story

ALIP wins XCelent award for PAS functionality

Jan. 11, 2016 — Accenture has received an XCelent Award for ALIP in Celent's recent report titled "North America Policy Administration Systems 2015: Life, Annuities, Pension, and Health ABCD Vendor View." Full story

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2015

ALIP offered in the cloud with Microsoft Azure

Dec. 8, 2015 — ALIP in the Cloud is a suite of solutions that bundle the full production ALIP system with Microsoft Azure as the technology infrastructure, while adding a private network model to support hybrid and private cloud deployment options. Full story

Ohio National selects ALIP

July 28, 2015 — Accenture has been selected by Ohio National Financial Services to modernize their new individual life business, underwriting and policy administration capabilities. Full story

Latest version of ALIP expands functionality

July 14, 2015 — Accenture released a new version of ALIP. The latest version, ALIP 5.1, includes product, business and technical improvements that increase automation and flexibility, accelerate product development and simplify integration. Full story

ALIP positioned as a leader in new IDC report

June 11, 2015 — Accenture has been positioned as a leader in a new IDC MarketScape: Worldwide Policy Administration Systems, 2015 Vendor Assessment. The report lists ALIP as a leading policy administration system for life and annuity insurance carriers. Full story

Accenture adds SmartVideo to its L&A software

March 23, 2015 — Accenture has enhanced its market-leading ALIP by adding personalized SmartVideo capabilities that help life insurance and annuity carriers deliver dramatically improved customer experiences through digital channels. The new solution allows carriers to take advantage of engaging, personalized and data-driven videos. Full story

ALIP recognized by independent research group

March 11, 2015 — Accenture has been named a leader for ALIP in a recent CEB TowerGroup analyst report entitled, "Life and Annuity Policy Administration Systems: Technology Analysis." Full story

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