Accenture Introduces New Version of its Property and Casualty Insurance Software Featuring Enhanced Underwriting Capabilities

  Accenture Introduces New Version of its Property and Casualty Insurance
  Software Featuring Enhanced Underwriting Capabilities

  Latest release of Accenture Duck Creek Policy Administration includes new
underwriter user experience, third-party data service integration and improved
                          management of account data

Business Wire

NEW YORK -- December 18, 2012

Accenture (NYSE: ACN) announced the availability of Accenture Duck Creek
Policy Administration release 5.1, the latest version of its policy
administration and rating software platform and a key component of its
Property & Casualty (P&C) Insurance software suite.The new release provides
functionality aimed at helping insurers improve account management and
underwriting efficiencies, combined with features designed to reduce
implementation time and cost.

“Insurance companies are looking for advanced technologies that enable them to
respond quickly to shifting market demands,” said Michael A. Jackowski, global
managing director, Accenture Software for P&C Insurance. “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.”

New capabilities of the software are intended to help users:

  *Easily manage account data for large commercial risk quoting and policy
    processing. New enhancements provide key support for consolidating and
    maintaining customer information across multiple lines of business,
    helping to ensure data quality and consistency.
  *Quickly access information with an updated user interface highlighted by a
    new toolbar. An improved, customizable toolbar enables the user to add,
    manage and complete their tasks at any stage in the policy administration
    and rating process, thereby facilitating an optimized workflow.
  *Get products to market faster. Updated product templates assist users with
    regulatory standards compliance up to 90 days ahead of the content
    effective date, encouraging first-mover status. The templates include high
    quality country-wide Insurance Services Office (ISO) and National Council
    on Compensation Insurance (NCCI) bureau content.
  *Streamline the testing process. Accenture Duck Creek Test Automation
    Center (TAC) gives users the ability to design reliable automated test
    scripts for Accenture Duck Creek Policy and Billing installations without
    the need to learn computer scripting language. TAC also allows test
    engineers and testers to refine testing focus, resulting in significant
    savings in time and costs over projects that employ manual testing.

To accelerate Accenture Duck Creek’s global adoption, pre-configured templates
for commercial property owner’s products are now available for the UK market.
These templates, based on Polaris standards and supporting iMarket
connectivity, help to enable rapid implementation of commercial property
owner’s line of business with lower cost and lower risk.

To enable insurers to benefit from additional state-of-the-art technologies
while reducing implementation time and costs, third-party solutions
pre-integrated with Accenture Duck Creek Policy Administration are available
as an option. The pre-integrated solutions provide insurers with:

  *Accurate and complete location data. Pitney Bowes Software’s Address
    Verification and Geo-Coding provides underwriters with the data they need
    to make informed decisions with respect to risk location and loss
    exposure.
  *Increased insight into complex risks. Advisen’s Market Insight presents a
    comprehensive view of the marketplace by providing risk exposure, market
    segment data, as well as broker and carrier information, aiding in
    enabling more informed decision making.
  *Seamless access to enterprise-wide documents. OnBase, Hyland Software’s
    enterprise content management (ECM) solution, provides insurers with a
    near-effortless way to manage policy documents. The latest release of
    Accenture Duck Creek Policy Administration enables users to access
    information associated to a policy, including standard policy attachments,
    ad hoc files or related documents or data, at any stage in the policy
    administration process.

Accenture’s award-winning policy and claims software offers carriers an
integrated suite of software with modules that can be implemented individually
or as part of a broader migration strategy. The combined software enables
insurers of all sizes to benefit from a flexible suite of P&C software to
configure products, transact lines of business and process claims.

About Accenture

Accenture is a global managementconsulting,technologyservices
andoutsourcingcompany, 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 iswww.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 P&C
Insurance software, its home page is www.accenture.com/pcsoftware.

Contact:

Accenture
Francois Luu, + 33 6 60 53 84 28
francois.luu@accenture.com
or
Julie Bennink, + 312 693 7301
julie.l.bennink@accenture.com
 
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