Accenture Releases Enhanced Life Insurance Platform with New Product Configuration Engine.Former NaviSys platform upgraded with services-oriented architecture support, improved user-interface ORLANDO, Fla. -- Accenture (NYSE NYSE See: New York Stock Exchange :ACN ACN Accenture (stock symbol) ACN Accenture ACN Australian Company Number ACN Automatic Collision Notification (US DOT) ACN Acetonitrile ACN Anglican Communion Network ) has introduced the Accenture Life Insurance Platform, an enhanced version of the former NaviSys policy administration and new-business processing platform featuring flexible new product configuration tools designed to help insurers develop and launch new products more quickly and efficiently. "One of the greatest challenges life insurers face is how to bring new products to an increasingly competitive marketplace more rapidly and cost-effectively," said Pierre Seguin, head of Accenture's life insurance solutions group in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "Our new release provides a highly sophisticated and flexible set of product configuration tools that can support even the most challenging hybrid product designs without sacrificing system performance or integrity." The new product configuration capability leverages Asynchronous Refers to events that are not synchronized, or coordinated, in time. The following are considered asynchronous operations. The interval between transmitting A and B is not the same as between B and C. The ability to initiate a transmission at either end. JavaScript and XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. (AJAX), a technique for developing interactive web applications, to allow users to drag and drop A graphical user interface (GUI) capability that lets you perform operations by moving the icon of an object with the mouse into another window or onto another icon. For example, files can be copied or moved by dragging them from one folder to another. new-product rules at any point in the insurance policy administration process. The platform also provides services-oriented architecture capabilities to enable full access to the platform through Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , to help streamline systems integration, and to allow the orchestration of policies through third-party software tools. The Accenture Life Insurance Platform also features an upgraded user interface with more-efficient navigation as well as a range of technical enhancements. It is being demonstrated today and tomorrow in booth #1007 at the ACORD ACORD Association for Cooperative Operations, Research and Development ACORD Agency for Cooperation and Research in Development ACORD Association de Coopération et de Recherche pour le Développement (French) LOMA lo´ma n. 1. (Zool.) A lobe; a membranous fringe or flap. Insurance Systems Forum, Walt Disney World Dolphin The Walt Disney World Dolphin is a resort hotel designed by architect Michael Graves located between Epcot and Disney-MGM Studios next to Disney's BoardWalk Resort area. It opened in June, 1990 and is joined to its sister hotel, the Walt Disney World Swan (also designed by Graves) Resort, Lake Buena Vista, Fla. "Accenture is leveraging a much-awaited but very well-executed enhancement to the architecture of the former NaviSys platform to address what was one of the system's few capability gaps," said Chad Hersh, a senior analyst in the insurance practice at Celent, a financial services industry research firm. "In conjunction with the resources brought to the table by Accenture, the addition of a more flexible product development tool means this platform should return to near the front of the pack of life and annuity vendors." The Accenture Life Insurance Platform is a result of Accenture's 2006 acquisition of NaviSys, a decade-long leader in policy administration and new business processing technologies for the life insurance industry with more than 50 customers worldwide, including 17 of the top 20 U.S. life insurers. The original platform is currently used by more than 30 leading insurance companies and insurance distributors. The people and technology of the former NaviSys now operate within Accenture's Financial Services operating group, which serves 44 of the top 50 insurance companies worldwide. About Accenture Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills and technologies to help clients improve their performance. With more than 152,000 people in 49 countries, the company generated net revenues of US$16.65 billion for the fiscal year ended Aug. 31, 2006. Its home page is www.accenture.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion