Accenture Life Insurance & Annuity Platform Achieves “Luminary” Status and Wins XCelent Award
Celent has recognized ALIP technology for the third time in a row, having won the award twice in 2018 and 2020.
NEW YORK; Jan. 10, 2023 – Accenture (NYSE: ACN) has received the XCelent Advanced Technology 2022 Award for its innovative business and validation solutions from research and consulting firm Celent.
Celent’s report is titled, “New Business and Underwriting Practices: North America Individual Life Insurance Edition,” recognizes the Accenture Life Insurance & Annuity Platform (ALIP) as one of the top nine business and IT solutions in the Advanced Technology category, to be purchased this year in two. In addition, ALIP’s top score was placed in the “Luminary” category based on its intelligence and breadth of technology, Celent’s highest ranking in its new Capability Matrix.
ALIP is a powerful digital security software that can be used to record data. It offers life insurance companies and annuity providers expertise in product development, new-business development, underwriting, policy management, claims and payments. It is available as an integrated set of software and modules that can be implemented individually or as part of an overall travel strategy.
Karen Monks, a senior analyst in Celent’s North American insurance office, said, “Celent believes ALIP New Business and Underwriting is a strong candidate for an insurer looking to automate its new business and data processing.”
“We believe this recognition, especially Luminary, is a reflection of Accenture’s investments in AI, automation and the cloud, which are critical to helping life insurers accelerate the validation and creation of policies. ,” said Shay Alon, who leads Accenture’s Life and Annuity. Products and Business Platforms. “By using ALIP’s technology, our customers are able to run more efficient operations, improve the customer experience and increase successful growth.”
Accenture Life Insurance & Annuity Platform (ALIP) is part of Accenture Life Insurance Services. Learn more at www.accenture.com/lifeandannuitysoftware.
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