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Tech Directory Product Detail

ALIP Electronic Applications

Accenture Software for Life and Annuity

Contact: Nancy Bass, Accenture Software Sales and Client Care Lead, Address: 5 Spring Street, Murray Hill, NJ, USA, 07974, Email: nancy.bass@accenture.com, Website: www.accenture.com/lifeandannuitysoftware

Product Description:

Within ALIP New Business, we offer ALIP Electronic Applications. This capability provides interactive questionnaires for data capture, enhances efficiency by proactively routing assignments, and utilizes an automated decision engine to evaluate underwriting risk analysis.

ALIP Electronic Applications provides the functionality used in the gathering of application data electronically, and in the generation of completed application forms for signature. For data entry-based processes initiated from the point of sale by the agent, follow-up client interview or home office keying from image, ALIP Electronic Applications seizes configurable tools to tailor data capture related to the customer's specific processes.

Through reflexive questioning, workflows, and flexible rules evaluation configured in the product and business rules engine, the system has the ability to validate data quality at input or provide flexibility for proper follow-up. Whether used at the point of sale or for follow-up client interviews, producers or service representatives using ALIP can be guided through the process based on how the customer configures its data collection workflow and processes. The platform can also be configured to allow flexibility during this process to support varying business processes by distribution channel or to rely on data entry off of paper images. Data capture questionnaires, workflows and rules can alternatively be configured to require flexible completion at the front end while using the customer's rules to confirm proper IGO follow-up after submission (via requirements management features). Appropriate new business forms can be generated and pre-populated based on rules configured to help evaluate product, state, replacement, etc. cases, can serve as the sole method for case creation.

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.