ALIP Policy Administration
Accenture Software for Life and Annuity
ALIP allows access to consolidated policy, product, and customer information, thereby improving the insurer's operational efficiencies and customer service ratings.
ALIP Policy Administration is designed to improve an insurer's operational efficiencies. It achieves this by helping to accelerate the launch of new products, enhance innovation of existing ones and improve real-time data accessibility. Our policy administration component also aims to increase productivity for customer service representatives. It provides the scalability that life insurers need in order to manage high transaction volumes, reduce costs and simplify the IT platform.
Insurers can align their business processes with their business goals through our flexible rules engine for more effective business processes management initiatives.
ALIP is a fully integrated life and annuity software solution that addresses all of the basic steps in the policy life cycle. Our software can be implemented as a complete solution using the pre-integrated systems or as standalone systems such as Illustrations, Electronic Applications, Underwriting, Policy Administration and Payout.
Our life and annuity software is a robust, configurable and scalable solution that provides life insurance and annuity carriers the ability to automate operational support across the full policy lifecycle. The solution integrates easily with existing systems, thereby providing straight-through processing.