The Accenture Life Insurance Platform (ALIP) announced an integration accelerator, enabling the ALIP to integrate with third-party systems so that clients can use all the necessary information to make quick decisions based on market changes.

Accenture says the integration accelerator replaces the need to create custom code for multiple software systems with configuration that allows for access to data. The open, standards-based architecture allows real-time data integration with an array of internal and third-party applications.

The software can help clients reduce implementation costs by up to 50 percent, according to the software provider.

The Accenture Life Insurance Platform is a configurable and scalable software suite that offers life insurance and annuity carriers solutions for product development, new business, underwriting, policy administration and payout, says Accenture.

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