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

Insurance Industry Expects Wearable Technologies to Impact Entire Business Model

There has been a massive amount of hype across the board for wearable technologies, with the Apple Watch and Android Wear battling for market dominance. While users hash out the pros and cons of the hottest watch models, the insurance industry is banking on the impact of the wearable technology trend. [ Read More ]
05/06/2015

Adaptik and GhostDraft Partner in the Insurance Tech Industry

GhostDraft has long been recognized as a leader and an innovator in the document automation and customer communications field as it relates to the insurance technology sector. The company just took another step toward the top of its field with the announcement that it has entered into a partnership with Adaptik. The partnership means that GhostDraft users will be able to use Adaptik Cloud to create new policy forms as well as memos and other customer communications. [ Read More ]
05/05/2015

SnapOne Launches Life Security Action Engine Impact Detection Prototype

SnapOne, provider of solutions that allow users to secure and manage people, data, and devices, announced the release of its Life Security Action Engine (LSAE) Impact Detection prototype, which will be using sensors to deliver valuable information. [ Read More ]
04/27/2015

Tennessee Farmers Life Insurance Company Picks Sapiens to Modernize Policy Administration System

Sapiens International Corporation, a provider of retirement and insurance software solutions, has announced that Tennessee Farmers Life Insurance Company (TFLIC) has selected its ALIS policy administration system. [ Read More ]
04/27/2015

Events

Weekly Live Demo
Contact Center Solutions

Register Today!