The latest release of the Accenture’s Life Insurance Platform is designed to help carriers navigate the changing landscape in the life insurance and annuity marketplace.

Accenture says the platform is designed to help insurers reduce operating costs while speeding up time-to-market, allowing them to focus on profitable growth. The upgraded Life Insurance Platform also provides scalability, to meet the needs of the largest transformational and outsourcing programs, while remaining cost effective for smaller initiatives.

Accenture says enhancements to the Life Insurance Platform also include improved customer service, augmented annuity industry requirements and technology upgrades.

Releases during the next year, according to Accenture, will focus on expanding international support (additional languages, product, tax processing and business processes); updating default business and product configuration to match current insurance company and industry expectations; and the formal launch of the Accenture Calculation Engine as a standalone component.

 

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