Insurance Technology Featured Article

Accenture Announces Availability Version 5.1 of its Policy Administration and Rating Software Solution

January 08, 2013

Accenture (News - Alert), global management consulting, technology services and outsourcing company, recently announced the availability of version 5.1 of the Accenture Duck Creek Policy Administration software solution.

In a statement, Michael A. Jackowski, global managing director, Accenture Software for P&C Insurance, said that, “Insurance companies are looking for advanced technologies that enable them to respond quickly to shifting market demands. This release includes a number of application performance enhancements such as improved rating and underwriting rules processing, particularly for high volume scenarios common to top tier insurers.” 

The latest version of the Accenture Duck Creek Policy Administration software solution has been designed to - simplify management of account data for large commercial risk quoting and processing of policy; help optimize management of customer data; allow fast access to information via an improved user interface featuring a customizable toolbar that enables users to easily manage and complete tasks within the policy administration and rating process, thereby driving enhanced workflow; allow faster time to market products via updated product templates which support regulatory standards compliance close to three months prior to the content effective date;  optimize the testing process as the Accenture Duck Creek Test Automation Center (TAC) enables development of reliable automated test scripts for installing Accenture Duck Creek Policy and Billing software.  

Furthermore, insurers can now take advantage of the new advanced technology solution without worrying about increasing implementation time and costs as the company also provides third-party solutions which are pre-integrated with the Accenture Duck Creek Policy Administration solution.

Capabilities of the pre-integrated solutions include - accurate and complete location data accumulated via an Address Verification and Geo-Coding solution from Pitney Bowes Software; greater insight into complex risks via Advisen’s Market Insight which offers understanding of the marketplace by delivering information on risk exposure, market segment data, and broker and carrier information; and quick access to enterprise-wide documents via OnBase, an enterprise content management (ECM) solution, which makes it easy for users to manage policy documents.

Furthermore, version 5.1 of Accenture Duck Creek Policy Administration software provides users with easy access to information pertaining to a policy, such as standard policy attachments, and ad hoc files or associated documents, and data at various stages within the policy administration process.

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 Brooke Neuman

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!