Accenture has unveiled an enhanced version of its life/annuity insurance software suite, the Accenture Life Insurance Platform. The suite is designed to help insurers reduce the time to launch new products, lower operating costs, support global expansion and achieve more profitable growth.

Accenture says the new version of the platform—release 2012.1 – enables faster product deployment to adapt to market and regulatory changes; enhanced fund processing functionality and greater usability to improve customer satisfaction; and greater multi-national support.

“Insurers are demanding software that increases product speed-to-market and is easily configurable and highly scalable, and is more cost efficient,” says Mitchel F. Ludwig, product line lead of Accenture Software for life insurance. “The new version of the Accenture Life Insurance Platform improves and expands our customer servicing support, introduces new product configuration capabilities, enhances the overall user experience, and better supports insurers across multiple countries.”

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