Bermuda-based Accenture has unveiled newly enhanced claims, underwriting and policy administration solutions designed to help P&C and life insurers reduce costs and streamline insurance processes. The latest version of the Accenture Claim Components Solution includes a self-service portal for customers and agents, extended workers' compensation first notice of loss and new automated test tools. A set of pre-built standard processes, patterns and tasks have also been added.

Accenture says its P&C product and policy management solution is designed to provide multi-channel support, including an extended agent Web site with additional functionalities that cover all policy administration processes. The solution also includes a business intelligence system designed to provide statistical analysis to help insurers manage their full insurance lifecycle.

The upgraded Insurance Configuration Components Solution provides product development productivity tools to help manage product development projects and the release and deployment of those products to distribution channels and customers in a timely fashion. These features are designed to allow insurers to bring new and modified products to market faster, the company says.

Accenture enhanced the Accenture Life Insurance Platform, its life insurance policy administration platform, by adding the capability to help insurers manage group benefit plans. The solution has been modified to enable internationalization and to support more detailed product calculations.


SOA Software, a Los Angeles-based integrated service-oriented architecture (SOA) governance vendor, has released its mainframe SOA solution, SOLA, for IMS transactions. SOLA is a comprehensive mainframe SOA solution that cost- effectively makes mainframe applications part of an SOA, the company says.

SOLA provides customers with a process to expose mainframe applications as secure Web services, and allows mainframe applications to consume Web services. Using SOLA, customers can leverage existing mainframe investments when building an enterprise SOA, according to the company.

The SOLA runtime environment runs entirely on the mainframe, eliminating the need for expensive, unreliable and unnecessary middleware. This, coupled with SOLA's Development Studio, is designed to increase developer productivity, providing faster time to market and lower application development cost, the company says.

(c) 2009 Insurance Networking News and SourceMedia, Inc. All Rights Reserved.

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