Accenture Actuarial Calculation Engine
Accenture Software for Life and Annuity
In order to support the needs of an increasingly dynamic market, our software also includes a configurable insurance product calculation engine called the Accenture Actuarial Calculation Engine. This calculation engine supports the ability to define and maintain advanced processing functions and multi-dimensional tables needed when implementing complex insurance products.
Additionally, the Actuarial Calculation Engine provides standard capabilities to support common mathematical, financial, statistical and actuarial calculations. It is integrated into the Accenture Life Insurance & Annuity Platform (ALIP) product rules engine, and is also available as a standalone engine for integration with other third party systems.
ALIP is a fully integrated 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 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 life cycle. The solution integrates easily with existing systems, thereby providing true straight through processing.