Celent acknowledges ALIP with high honors for its know-how and performance
NEW YORK, January 25, 2022–(BUSINESS WIRE)–Accenture (NYSE: ACN) has obtained two XCelent awards for its life insurance coverage and annuity platform from analysis and advisory agency Celent.
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Accenture Life Insurance coverage & Annuity Platform (ALIP): Winner of two XCelent Awards for Superior Expertise & Breadth of Performance. (Picture: Enterprise Wire)
The Celent report, titled “Coverage Administration Methods: North American Particular person Life Insurance coverage Version,” acknowledges the Accenture Life Insurance coverage & Annuity Platform (ALIP) as one of many highest-rated options amongst 11 coverage administration methods in each the “Superior Expertise” and “Breadth of Performance” classes. Moreover, ALIP’s excessive scores positioned it within the “Luminary” class, Celent’s high rank inside its new Technical Functionality Matrix.
ALIP is a strong and configurable cloud-native digital insurance coverage platform underpinned by knowledge analytics. It provides life insurance coverage carriers and annuity suppliers superior capabilities for product growth, new-business growth, underwriting, coverage administration, claims and pay-out. It’s obtainable as an built-in suite of software program with modules that may be applied individually or as a part of a broader migration technique.
Keith Raymond, a senior analyst in Celent’s North American insurance coverage follow, stated, “ALIP continues to be one of many leaders out there and is a totally practical end-to-end answer for coverage administration. Accenture’s future roadmap reveals continued funding in know-how and extra enterprise capabilities. Every launch of our report reveals their regular funding within the product suite.”
Shay Alon, who leads Accenture’s Life and Annuity Merchandise and Platforms enterprise, stated, “We imagine this recognition, notably as a Luminary, is a mirrored image of Accenture’s investments in serving to organizations throughout all industries speed up their digital transformations. Amid ever-increasing client expectations, our insurance coverage purchasers are leveraging ALIP’s know-how to drive higher enterprise outcomes and enhance buyer experiences.”
Accenture Life Insurance coverage & Annuity Platform (ALIP) is a part of Accenture Life Insurance coverage Companies. Study extra at www.accenture.com/lifeandannuitysoftware.
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