Celent recognizes ALIP with top honors for its technology and functionality

Accenture (NYSE: ACN) has received two XCelent awards for its life insurance and annuity platform from research and advisory firm Celent.

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Accenture Life Insurance & Annuity Platform (ALIP): Winner of 2 XCelent Awards for Advanced Technology & Breadth of Functionality. (Photo: Business Wire)

The Celent report, titled “Policy Administration Systems: North American Individual Life Insurance Edition,” recognizes the Accenture Life Insurance & Annuity Platform (ALIP) as one of the highest-rated solutions among 11 policy administration systems in both the “Advanced Technology” and “Breadth of Functionality” categories. Additionally, ALIP’s high scores placed it in the “Luminary” category, Celent’s top rank within its new Technical Capability Matrix.

ALIP is a robust and configurable cloud-native digital insurance platform underpinned by data analytics. It offers life insurance carriers and annuity providers advanced capabilities for product development, new-business development, underwriting, policy administration, claims and pay-out. It is available as an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.

Keith Raymond, a senior analyst in Celent's North American insurance practice, said, “ALIP continues to be one of the leaders in the market and is a fully functional end-to-end solution for policy administration. Accenture’s future roadmap shows continued investment in technology and additional business functions. Each release of our report shows their steady investment in the product suite.”

Shay Alon, who leads Accenture’s Life and Annuity Products and Platforms business, said, “We believe this recognition, particularly as a Luminary, is a reflection of Accenture’s investments in helping organizations across all industries accelerate their digital transformations. Amid ever-increasing consumer expectations, our insurance clients are leveraging ALIP’s technology to drive better business results and improve customer experiences.”

Accenture Life Insurance & Annuity Platform (ALIP) is part of Accenture Life Insurance Services. Learn more at www.accenture.com/lifeandannuitysoftware.

About Accenture

Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 674,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

Accenture’s Insurance Practice helps P&C insurers, life carriers and reinsurers to redefine their business and operating models, enhance the digital experience for customers, and position themselves for growth in a digital economy. To learn more, visit: www.accenture.com/us-en/industries/insurance-index.

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