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Accenture Positioned as a Leader in Gartner’s 2019 Magic Quadrant for Life Insurance Policy Administration Systems, NA

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Positioning Is Based on Accenture’s Completeness of Vision and Ability to Execute

Accenture has been positioned as a Leader in Gartner’s “Magic Quadrant for Life Insurance Policy Administration Systems, North America*” report for its Accenture Life Insurance and Annuity Platform (ALIP).

“Already, our clients are scaling their businesses through ALIP’s cloud deployments, advanced L&A Analytics and automation capabilities. Receiving this designation six consecutive times reaffirms our commitment to help Life and Annuity carriers apply advanced technology to acquire, serve and retain customers through relevant, personalized experiences delivered with speed and efficiency.”

The report evaluated 12 different software vendors on 15 criteria and placed Accenture in the Leaders quadrant. According to the report, “Scalable, core systems that support continuous change are an essential foundation on which to assemble a digital business technology platform.”

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“Accenture invests heavily in innovation, talent and partnerships to help our clients excel in a digital market and optimize business outcomes at scale,” said Shay Alon, a managing director at Accenture who leads its Life and Annuity Products and Platforms practice. “Already, our clients are scaling their businesses through ALIP’s cloud deployments, advanced L&A Analytics and automation capabilities. Receiving this designation six consecutive times reaffirms our commitment to help Life and Annuity carriers apply advanced technology to acquire, serve and retain customers through relevant, personalized experiences delivered with speed and efficiency.”

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Used by leading insurers worldwide, ALIP is a robust, configurable and scalable solution that provides life insurance carriers and annuity providers with advanced capabilities for product development, new business development, underwriting, policy administration, claims and payout. It is available as an on-premise solution and over the cloud as an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.

Accenture’s life and annuity software is part of Accenture Life Insurance Services. By applying extensive industry knowledge to continuously enhance its software, Accenture helps insurers reduce operating costs, manage risk and drive growth through improved product development and distribution, enhanced policy administration and distribution, and technology platform consolidation and modernization.

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