Overview
Product Information on Accenture Life Insurance & Annuity Platform (ALIP)
What is Accenture Life Insurance & Annuity Platform (ALIP)?
Accenture Life Insurance & Annuity Platform (ALIP) Pricing
Overall experience with Accenture Life Insurance & Annuity Platform (ALIP)
“Accenture Life Insurance and Annuity Platform earns outstanding ratings”
“ALIP is a maturing platform ”
About Company
Company Description
Accenture is a professional services corporation that has global capabilities in cloud, digital, and security domains. With proficiency and dexterity spanning across more than 40 sectors, Accenture provides a range of services such as Strategy and Consulting, Technology and Operations Services. It also features something named Accenture Song, powered by an extensive network of Advanced Technology and Intelligent Operations centers. It caters to clients in more than 120 countries, harnessing the capability of transforming changes into values to foster shared success.
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Reviewer Insights for: Accenture Life Insurance & Annuity Platform (ALIP)
Performance of Accenture Life Insurance & Annuity Platform (ALIP) Across Market Features
Accenture Life Insurance & Annuity Platform (ALIP) Likes & Dislikes
Product and business configuration flexibility to drive speed to market. Base first approach - stay close to base and complete regular upgrade to latest version. Continued investment in base version both for front end functionality and back end technology. Strong vendor relationship with focus on understanding and meeting customer needs.
New Business and Policy Admin all in one integrated system. Modern architecture Automates manual processes and flexibility of automating additional processes
Flexibility of configuration, most anything we need to do, it is either configurable or extendable to accomplish it.
Enhancements, while rarely needed, have a longer timeline. Limited flexibility for migration of product configuration between environments.
Cost ALIP is more geared to simplified issue versus fully underwritten life insurance products. Lack of basic life insurance product functionality which drives cost and timeline expansion.
The process used to manage config change and upgrades is very manual and lends itself to human error due to the lack of automation. they are making changes to the architecture to address these concerns in the next version though.
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Accenture Life Insurance & Annuity Platform (ALIP) Reviews and Ratings
- Actuary50M-1B USDInsurance (except health)Review Source
Accenture Life Insurance and Annuity Platform earns outstanding ratings
The focus in choosing ALIP was on increased speed to market for product development,. The product configuration provides flexibility for companies to handle most product development independently if desired, The product configuration flexibility also allows for faster changes to existing products for risk management and response to market environment changes. - IT Senior Director1B-10B USDInsurance (except health)Review Source
Accenture's ALIP is a robust, configurable solution to the industries needs.
Excellent support provided through our initial migration to the platform and as our efforts wind down on our journey. good relationships established with quality people from Accenture with mutual respect on both sides. Feel they have a good understanding of what we expect and hold themselves to that standard. - Assistant Vice President1B-10B USDInsurance (except health)Review Source
Working well to support our Annuity business
We have built a good relationship with Accenture Life Insurance Platform. The respond to our requests quickly and work with us to reduce costs on upgrades. - Sr. VP, IT and CIO1B-10B USDInsurance (except health)Review Source
ALIP is a maturing platform
Need improved engagement and coordination to execute on client projects. Overall cost and quality of deliverable have not met expectations. As a result of the there are missed target dates and cost overruns. - CTO50M-1B USDInsurance (except health)Review Source
Solid technology, highly customizable, challenging to implement.
Great technology platform with a proven track record. Accenture professional services team struggled to deliver quality on time. Product is highly flexible and adaptable to any required configuration, but has very little configuration available "out of the box".