Accenture Positioned as a Leader in Gartner’s 2019 Magic Quadrant for Life Insurance Policy Administration Systems, North America
Summary
According to the report, “Scalable, core systems that support continuous change are an essential foundation on which to assemble a digital business technology platform.” “Accenture invests heavily in innovation, talent and partnerships to help our clients excel in a digital market and optimize business outcomes at scale,” said Shay Alon, a managing director at Accenture who leads its Life and Annuity Products and Platforms practice. Receiving this designation six consecutive times reaffirms our commitment to help Life and Annuity carriers apply advanced technology to acquire, serve and retain customers through relevant, personalized experiences delivered with speed and efficiency.” Used by leading insurers worldwide, ALIP is a robust, configurable and scalable solution that provides life insurance carriers and annuity providers with advanced capabilities for product development, new business development, underwriting, policy administration, claims and payout. It is available as an on-premise solution and over the cloud as an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy. By applying extensive industry knowledge to continuously enhance its software, Accenture helps insurers reduce operating costs, manage risk and drive growth through improved product development and distribution, enhanced policy administration and distribution, and technology platform consolidation and modernization. *Gartner, Inc., “Magic Quadrant for Life Insurance Policy Administration Systems, North America,” Richard Natale, August 5, 2019.