Insurance

ALIP Policy Administration

Operate faster, smarter and easier with a policy administration system that delivers innovative new products.

Stay ahead of consumer demands

Operate faster, smarter and easier with a policy administration system that delivers innovative new products at scale while increasing operational efficiency and customer satisfaction—in the cloud, SaaS or through PaaS implementation models.

  • Launch more new products faster with one of the largest libraries of production-ready, configurable product templates.
  • Slash operating costs and maximize IT resources with industry-leading tools that automate, configure, test and integrate.
  • Delight customers with consolidated, real-time data that delivers 360-degree customer visibility and integration with expanding data sources and powerful portals that deliver personalized experiences.

Why continue to let a legacy policy administration system diminish your bottom line or limit your top line? Modernize.

Compete with speed and 360-degree service

Compete with speed and 360-degree service

Power the new products your business needs and support multichannel distribution and device-driven consumers with speed and agility.

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Achieved Gartner’s Leader quadrant for the seventh consecutive year.

— Gartner “Magic Quadrant for Life Insurance Policy Administration Systems, North America”, August 2020

Why ALIP Policy Administration?

Enable full in-force processing

  • Claims and payout
  • Cash management
  • Billing
  • Contract management
  • Fund management
  • Transaction management
  • Tax and regulatory
  • Quotes and inquiries
  • Correspondence
  • Accounting

Speed to market via library of prebuilt templates

  • Out-of-the-box-product templates—preconfigured and production tested—accelerate product introduction
  • Preconfigured rules around new product features, riders and benefits easily adapt to your product structure and calculations
  • Preconfigured templates drive efficiency and more effective business process management when managing your policies

Enhance customer service through productivity gains

  • Workbenches available to tailor customer management and contract management
  • Configure and modify business process and quoting pages for your needs
  • Functional access by user type and individual user
  • Approvals, requirements and follow-ups controlled by business rules configuration

Accelerate introduction with product configuration

  • Modern workbench and workflow to create, modify and view products
  • Actuarial calculation engine to support your complex formulas and product tables
  • Robust product, transaction and fund components to allow definition of your specific product needs
  • Product testing debugger and workbench for product mechanics and values testing

Improve operational efficiency with business configuration

  • Modern workbench for designing, visualizing and modifying business rules
  • Easily create web pages without a web developer or programmer
  • Flexible workflow configuration for all your business processes
  • Workbench provides rules testing, monitoring and execution comparison capabilities

Expand your digital footprint

  • Integrated self-service portal
  • Analytics insights and predictive modeling
  • Personalized customer communications
  • Real-time data access

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Looking for a product?

You're supported by an extensive library of life and annuity products.

Traditional life products

  • Whole Life Products
  • Term Life Products
  • Endowment Life Products
  • Disability Income Products
  • Critical Illness Products
  • Accidental and Health Products
  • Long Term Care Products

Non-traditional life products

  • Universal Life Products
  • Variable Universal Life Products
  • Equity Index Universal Life Products
  • Variable Life Products
  • Interest Sensitive Life Products
  • Required Premium Life Products
  • Corporate and Business Owned Life Insurance

Annuity products

  • Deferred and Immediate Annuities
  • Variable Annuities
  • Fixed Annuities
  • Equity Index Annuities
  • Market Value Adjusted Annuities
  • Settlement Options
  • Structured Settlements

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Related capabilities

Life and Annuity Software Portfolio

Innovate with ALIP’s modern new business and policy administration capabilities and digital portfolio.

ALIP Cloud Services

Combine the feature-rich functionality of ALIP with the agility and scale of cloud.

Accenture Life & Annuity Analytics

Gain insights using pre-built predictive and forecasting models designed exclusively for L&A carriers.

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