Accenture is now offering the Accenture Life Insurance and Annuity Platform (ALIP) as a cloud deployment through Microsoft Azure.
ALIP in the Cloud bundles the full system for life insurance policy processing with Microsoft Azure as the technology infrastructure, while adding a private network model to support hybrid and private cloud deployment options.
Accenture will also provide cloud infrastructure outsourcing and application outsourcing with an “As-A-Service” option for clients that wish to have ALIP in the Cloud managed offsite. This will help insurers scale up or down in order to manage peak demand or test new products before launch.
“Working with Microsoft to offer ALIP’s full capabilities in the cloud is a strategic move for Accenture, emphasizing our “Cloud First” agenda,” said Shay Alon, managing director of Life and Annuity Software for Accenture. “It allows us to offer carriers a way to lower costs and simplify their IT environment while providing them the ability to still maintain their unique product and service differentiation with the highly configurable and robust features of ALIP.”
“Enabling carriers to leverage ALIP on Azure, either as an augmentation strategy or full replacement to on-premises systems, will deliver all new levels of business agility to the life insurance business,” adds Tony Jacob, Managing Director, Worldwide Insurance at Microsoft Corporation. “I think across the insurance market, we’re starting to see the future of insurance core systems.”
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