Insurance Technology Featured Article

Generali France Selects Accenture Life Insurance Platform

December 11, 2012

Generali France, the second-largest general insurer in France, has selected the Accenture (News - Alert) Life Insurance Platform to manage more than 100,000 individual life insurance policies. According to Accenture, Generali France no longer underwrites, markets or promotes these policies.

The Accenture Life Insurance Platform is a reliable software suite used by more than 40 major life insurance and annuity carriers. The platform allows them to change their policy administration operations, reduce operating expenses and enable speed to market. It also enables reductions in total cost of ownership with the help of improved product testing features, a continued shift from code to configuration and expanded use of automated testing tools.

According to Accenture, this agreement showcases the company’s investment in improving its life software platform to cater to the requirements of the French individual life insurance market. 

The company has high expectations for improving its business in France and looks to provide software solutions to other French companies in the near future.

“To maintain profitable growth, insurers will have to increase customer loyalty and reduce operating costs,” said Daniele Presutti, managing director of Accenture Life Insurance Services. “The agreement will enable Generali France to focus on client relationship and product development while reducing costs and operational risks and increasing productivity by standardizing and automating its policy management processes.”

Recently, the company introduced the updated version of its life and annuity insurance software suite, the Accenture Life Insurance Platform. According to the company, this version is created to assist life and annuity insurers decrease the time to introduce new products, decrease operating expenses, support global expansion and achieve more profitable growth.

By supporting an increased number of fund processing features, including fund bonuses and fund splits, minimum fund amounts and minimum fund remaining amounts, the platform allows users to provide numerous investment options.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Braden Becker

Article comments powered by Disqus

Related Insurance Technology Articles

Comings and Goings: Nation Quote Boosts Brand, Brings New Blood into IT

Nation Quote consists of a group of dedicated insurance professionals that boast over six decades of collective experience in the insurance arena, is keen on building a solid foundation by instilling high levels of quality control and adding value to active consumers and agents. As part of this process, Mathew W Brownfield has been invited to serve as the company's top technology architect. [ Read More ]
04/15/2014

Kenco Deploys SmartDrive Technology to Increase Fleet Safety and Cut Costs

Kenco, a provider of integrated logistics solutions, real estate services, and material handling equipment, has recently deployed SmartDrive's event recording system in its entire nationwide fleet to increase safety, while cutting costs. [ Read More ]
04/15/2014

NRMA Insurance Offers to Help Drivers Remain Safe

Buying a vehicle is a huge investment for most of us, but regardless of whether we go in for a used or a new one, consumers need to do a little homework about car safety to remain safe on the roads. A survey by NRMA Insurance highlights the fact that a large majority of Australian drivers, in spite of professing that safety is their first priority, pay very little attention in getting to know more about the vehicles they buy. [ Read More ]
04/14/2014

Capital Insurance Group and Guidewire Solutions Come Together On New Customer Platform

Capital Insurance Group (CIG), a leading property/casualty insurer serving the Western United States and Guidewire Solutions, a provider of software products to property/casualty insurers have come together in a strategic partnership to work together on a new technology platform. [ Read More ]
04/14/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!