Affirmative Insurance Selects Accenture Claims Solution for Its Transformation Program.Accenture Claim Components Solution to be used in non-standard auto insurance market NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 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 been selected to license and implement its claims solution at Affirmative Insurance Company, a distributor and producer of personal non-standard automobile insurance, as part of the insurer's transformation program aimed at helping centralize cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. and automate its claims-handling operations. Accenture will replace Affirmative's current claims system with Accenture Claim Components Solution, a robust Web-based technology designed to help insurers improve the efficiency of their claims-handling operations through the automation of routine tasks. At Affirmative, the solution will support core claims transactions from first notification of loss through final payment. "As with most carriers, claims handling represents our single-largest opportunity for our insurance business to drive significant gains in both our business performance and service to our customers," said Sean McPadden, executive vice president and chief underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. officer of Affirmative. "The strong track-record, deep functionality and great flexibility of the Accenture Claim Components Solution made it an ideal solution to support us in transforming and consolidating our claims operations." The implementation of Accenture Claim Components Solution at Affirmative represents the first application of the technology within the non-standard auto insurance market, which covers drivers who find it difficult to obtain insurance from standard insurance companies due to their driving record, their lack of prior insurance, or other factors. Currently, Accenture Claim Components Solution is used by five of the top 10 U.S. insurance carriers and helps process approximately one-third of all property and casualty insurance claims in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . "The claim is a decisive moment for both the customer and insurer," said John Del Santo Santo, New Hebrides: see Espíritu Santo. , managing director of Accenture's insurance practice 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. . "For insurers that have grown through acquisition, consolidating claims operations is often one of the highest priorities due to the potential for increased efficiencies and consistently better customer service. By working to streamline and automate claims handling, Affirmative is focusing on a critical area for helping to improve performance and customer service." In addition to the license of the Accenture Claim Components Solution, which is built with Microsoft .Net See .NET. 2.0 technology, Accenture is providing outsourced application maintenance and infrastructure services to Affirmative under a broad information technology transformation initiative, which the insurer began last year. About Affirmative Insurance Holdings Affirmative Insurance Holdings, Inc. is a distributor and producer of personal non-standard automobile insurance policies to individual consumers in highly targeted geographic markets. Affirmative currently offers products and services in 13 states, including Louisiana, Texas, Illinois, California and Florida. About Accenture Accenture is a global management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , 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 158,000 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. |
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