The Accenture Life Insurance Platform (ALIP) is being enhanced with a new software offering that could help clients reduce implementation costs by up to fifty percent 1. The integration accelerator enables the Accenture Life Insurance Platform to easily integrate with third party systems so that clients can use all the necessary information to make quick decisions based on market changes.
In order to create customized data reports, many insurers rely on technical, time-consuming coding efforts to update software interfaces and data fields. The integration accelerator replaces the need to create custom code for multiple software systems with configuration that allows for efficient access to data. Additionally, further simplifying the exchange of Accenture Life Insurance Platform data with other IT systems will help insurers save time and resources. The open, standards-based architecture allows real-time data integration with a wide array of internal and third party applications.
“We strive to continuously enhance the Accenture Life Insurance Platform in order to provide our clients with a flexible, efficient solution for faster product rollouts,” said Mitchel F. Ludwig, product line lead of Accenture Software for Life Insurance. “The integration accelerator helps our clients build, manage and support integration through configuration changes rather than start from scratch with new coding, enabling them to take more ownership of their IT systems.”
Insurance service provider Allianz Life Insurance Company of North America implemented the integration accelerator as part of their 2013 Accenture Life Insurance Platform deployment. “We wanted a more efficient way to update the interfaces in our policy administration system,” said Jeff Palm, Allianz Life’s CIO. “Accenture’s integration accelerator gave us easier access to data and a more flexible way to manage data across systems. Going forward we will reduce costs and our delivery schedule by no longer needing to re-design and re-test multiple interfaces every time we want to make a change.”