- Improved Usability: The latest version of ALIP completes a phased re-design and modernization of the interface that incorporates user feedback for improved usability. The newest release streamlines the business configuration process with a more intuitive flow. Users can manage common tasks such as configuring pages and defining and managing business rules through a reduced number of clicks and actions, helping improve efficiency and reduce training efforts.
- Product templates: New and improved out-of-the-box templates are based on industry best practices so that companies can introduce new products more quickly. The template specifications include the definition of the underlying features, transactions, calculations, tables and business processes. This will help companies build a foundation for implementation of traditional and non-traditional life products, contributing to ALIP’s ability to help reduce the cost and time to launch new products by more than 50 percent 2.
- Performance and testing benchmarks: ALIP recently successfully completed a performance test with over 10 million insurance and annuity policies and applications, meeting performance expectations of even the largest global insurance carriers. Results included ALIP’s ability to process 2,300 applications, 2,400 financial transactions and 3,800 client transactions in one hour 3. This new benchmark demonstrates increased scalability, helping insurance providers to minimize system costs as their business grows.
Accenture Launches Enhanced Version Of Accenture Life Insurance Platform
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