Accenture Life Insurance Platform - Payout Administration
The Accenture Life Insurance Platform is a fully integrated life insurance 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 insurance 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 true straight-through processing.
The payout administration component of the Accenture Life Insurance Platform provides robust payout processing functionality for the retirement market. The system supports variable and fixed payout products, including immediate annuities, structured settlements, settlement options and supplementary contracts. In addition, our software has the functionality to support annuity payment definition, multiple payment streams, advanced payout features, transactions and flexible charges.