Accenture: Enhanced Life and Annuity Insurance Software Unveiled

By Rob Starr, Content Manager, Big4.com

The Accenture Life Insurance Platform, which is software designed to help life and annuity insurers reduce the time to launch new products, lower operating costs, support global expansion and achieve more profitable growth, has been unveiled.

The upgraded Accenture Life Insurance Platform includes a new actuarial calculation engine to help life insurers reduce the time to launch new products. The Accenture Actuarial Calculation Engine enables insurers to quickly and easily configure standard mathematical, financial, statistical and actuarial calculations that are required to support life and annuity products. The high configurability of the engine allows insurers to take full control over product creation, enabling them to quickly react to customers’ evolving needs and changing regulatory environments.

The new platform enables global insurers to support all geographies on one single platform – thereby reducing total cost of ownership – with enhanced tax processing and other capabilities. These include configurable regional tax rules that allow users to define, manage and process multiple tax regimes, new local system settings, and an enhanced configuration migration process for multiple languages.

Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. It offers innovative software-based solutions to enable organizations to meet their business goals and achieve high performance. Its home page is www.accenture.com/software. For Life Insurance software, its home page is www.accenture.com/lifesoftware.