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

Maryland Health Care Website to be Rebuilt

The rollout of the Affordable Care Act last year, known more widely as Obamacare, was driven, in part, by the accompanying website, Healthcare.gov. The national site ran into major technical problems from its inception, and the state exchange sites that worked alongside it were often no better. Many crashed because of server load malfunctions, and they ended up providing users with poor overall experiences that ultimately hindered, more than helped, their access to proper healthcare. [ Read More ]
08/21/2014

Summer Camp: A Paying Gig for Young App Testers

For most people, the thought of summer camp involves nature trails, canoeing, and for those of us raised on summer camp movies, payback delivered to the snooty camp across the lake or even burgeoning romance. But one summer camp actually puts young people's imaginations to work by testing apps and the like, and even going so far as to pay said young people for the time and effort involved. [ Read More ]
08/18/2014

Cyber Risk Insurance - Bridging the Gap between Insurance Providers and Companies Insured

The hottest topic in the insurance world today is "cyber risk insurance", or coverage for the response to and fallout from cyber crime and breaches. As Reuters recently highlighted, the cyber insurance market is set to double in 2014 over 2013 - heady times indeed for a traditionally slow-growth industry in search of new markets. [ Read More ]
08/14/2014

Usage of Telemedicine to Increase in US, says Towers Watson

Telemedicine technology is catching up very fast all over the world, making use of IT to exchange medical data to deliver consultations, procedures, exams and monitoring services over vast geographic distances. [ Read More ]
08/12/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!