Accenture Selected by Generali France to Manage Individual Life Insurance
Generali will leverage Accenture’s life insurance software platform
PARIS -- December 11, 2012
Accenture (NYSE: ACN) has signed a ten-year contract with Generali France, the
second largest general insurer in France, to manage a portfolio of more than
100,000 individual life insurance policies that Generali France no longer
underwrites, markets or promotes. Generali France is one of the main foreign
subsidiaries of the Generali Group, Europe’s largest life insurer.
The agreement, signed in February 2012, is designed to maintain superior
customer service on behalf of Generali France while lowering operating cost.
Accenture will reengineer the insurer’s policy management processes and
increase automation through the newly enhanced Accenture Life Insurance
Platform, Accenture’s industry-leading life and annuity insurance policy
administration software, resulting in enhanced levels of service and greater
productivity. The platform has been adapted to the French individual life
insurance market, including the French tax regime.
“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.”
“We are pleased to have Generali using the Accenture Life Insurance Platform
to manage individual life insurance policies,” said Francois Metzler, head of
Accenture Software for life insurance in Europe, Africa and Latin America.
“The agreement demonstrates that our investment in enhancing our life software
platform to meet the needs of the French individual life insurance market is
paying off.We have high expectations for growing our business in France and
look forward to delivering software solutions to other French companies in the
Accenture Life Insurance Services, a business service within Accenture’s
Financial Services operating group, serves more than 60 life insurance,
annuity and pension clients worldwide.
The Accenture Life Insurance Platform, used by more than 40 leading insurers
worldwide, is a robust, configurable and scalable software platform that
offers life insurance and annuity carriers of all sizes with the ability to
automate operational support across the full policy lifecycle. The platform
can be implemented out-of-the-box with limited integration efforts or
leveraged for more significant transformation projects.
About Generali France
Generali France is one of the most important foreign subsidiaries of the
Generali Group, the third largest European insurer, present in more than 65
countries and which generated a total premium income of 69 billion euros in
2011. Operating in the French market since 1832, Generali France is today the
second largest general insurer in the country. The company operates in all
branches of insurance both through its nearly 7,000 employees and also through
diversified distribution networks (salaried consultants, general agents,
brokers, self-employed finance managers, major banking partners, and the
Internet). More information is available at www.generali.fr.
Accenture is a global management consulting, technology services and
outsourcing company, with 257,000 people serving clients in more than 120
countries.Combining unparalleled experience, comprehensive capabilities
across all industries and business functions, and extensive research on the
world’s most successful companies, Accenture collaborates with clients to help
them become high-performance businesses and governments.The company generated
net revenues of US$27.9billion for the fiscal year ended Aug. 31, 2012.Its
home page is www.accenture.com.
Accenture Software combines deep technology acumen with industry knowledge to
develop differentiated software products.It offers innovative software-based
solutions to enable organizations to meet their business goals and achieve
high performance. Its home page is www.accenture.com/software.For Life
Insurance software, its home page iswww.accenture.com/lifesoftware.
Francois Luu, + 33 6 60 53 84 28
Sean Conway, + 917-452-6444
Julie Bennink, + 312-693-7301
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