Allianz Life Launches New Life and Annuity Insurance System Based on
NEW YORK -- August 8, 2013
Accenture (NYSE: ACN) announced today that Allianz Life Insurance Company of
North America (Allianz Life) has gone live on the Accenture Life Insurance
Platform, its life and annuity insurance software suite. The new system
supports Allianz Life’s new business and core policy administration needs for
its variable annuity products.
Allianz Life selected the Accenture Life Insurance Platform to replace its
aging system with a more modern platform that better supports customer service
and product development. Working closely with the Allianz Life team, Accenture
replaced a core system with the new software within an agreed-upon timeline
for over 100 users involved in new business and policy administration.
“The Accenture Life Insurance Platform provides Allianz Life with a more
modern, flexible operating platform that positions us to meet our future
product development and customer service needs,” said Jasmine Jirele, senior
vice president enterprise operations at Allianz Life. “As the market moves,
our products must change with it. The system embeds industry best practices
and helps us stay in front of the market.”
Used by more than 40 leading insurers worldwide, the Accenture Life Insurance
Platform is a configurable and scalable software suite that offers life
insurance and annuity carriers of all sizes solutions for product development,
new business, underwriting, policy administration and payout. The solution is
available as an integrated suite of software with modules that can be
implemented individually or as part of a broader migration strategy.
“Insurers must innovate within their product portfolio and move those products
to market faster than ever before,” said Mitchel F. Ludwig, product line lead
of Accenture Software for life insurance. “In a tight economy, an extra 30
days of robust revenues before imitators rush into the market can be the
difference between profitable growth and stagnation. With the use of the
Accenture Life Insurance Platform, Allianz Life can easily address ongoing
changes in demand for products, thereby gaining a competitive advantage.”
About Allianz Life
Allianz Life Insurance Company of North America, one of FORTUNE's 100 Best
Companies to Work For in 2013, has been keeping its promises since 1896.
Today, it carries on that tradition, helping Americans achieve their
retirement income and protection goals with a variety of annuities and life
insurance products. As a leading provider of fixed index annuities, Allianz
Life is part of Allianz SE, a global leader in the financial services industry
with 142,000 employees worldwide. More than 78 million private and corporate
customers rely on Allianz knowledge, global reach, and capital strength to
help them make the most of financial opportunities.
Accenture is a global managementconsulting,technologyservices
andoutsourcingcompany, with 261,000 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 Life
Insurance software, its home page is www.accenture.com/lifesoftware. The
Accenture Life Insurance Platform is also an integral part of Accenture Life
Insurance Services, a business service enabling clients to source, rather
than build, distinctive industry capabilities that help insurers configure and
deliver innovative products to market faster, reduce costs, manage risk and
accelerate profitable growth.
Julie Bennink, + 312 693 7301
François Luu, + 33 6 60 53 84 28
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