Accenture Named a Leader in the 2021 Gartner® Magic Quadrant™ for Life Insurance Policy Administration Systems, North America

Rhea-AI Summary

Accenture (NYSE: ACN) has been named a Leader in the Gartner Magic Quadrant for Life Insurance Policy Administration Systems in North America for the eighth consecutive time. This recognition highlights Accenture's advanced capabilities and industry expertise, enabling life and annuity carriers to accelerate digital transformations. The Accenture Life Insurance and Annuity Platform (ALIP) is noted for its robust, cloud-native features, supporting product development, underwriting, policy administration, and more. This positioning reflects Accenture's commitment to helping clients innovate and adapt in a changing market.

Positive

• Accenture recognized as a Leader in the Gartner Magic Quadrant for Life Insurance Policy Administration Systems, enhancing brand reputation.
• ALIP offers advanced capabilities for product development and policy administration, supporting digital transformation for clients.

Negative

• None.

Positioning is based on Accenture’s completeness of vision and ability to execute

NEW YORK--(BUSINESS WIRE)-- For the eighth consecutive time, Accenture (NYSE: ACN) has been named a Leader in the Gartner “Magic Quadrant for Life Insurance Policy Administration Systems, North America”*, for the Accenture Life Insurance and Annuity Platform (ALIP).

Accenture has been named a leader in the Gartner® Magic Quadrant™ for Life Insurance Policy Administration Systems, North America. (Graphic: Business Wire)

“We’re excited and believe that we were again recognized by Gartner for our advanced capabilities and deep industry expertise that are helping life and annuity carriers across North America accelerate their digital transformations and provide seamless experiences for customers and employees,” said Shay Alon, who leads Accenture’s Life and Annuity Products and Platforms business. “In our opinion, our positioning reflects how Accenture’s cloud-first approach is helping carriers combine technology and human ingenuity to bring new products to life and accelerate growth and innovation.”

The report’s authors note, “As insurers focus on getting ready for the new normal or resetting for new market conditions, they must be adequately prepared with the right foundation for success. They go on to explain that “As life insurance CIOs execute against their modernization roadmaps, they should be aligning core system characteristics with those needed in what will be a very dynamic and fast-changing market.”

ALIP is a robust and configurable cloud-native digital insurance platform that offers life insurance carriers and annuity providers advanced capabilities for product development, new-business development, underwriting, policy administration, claims and pay-out, underpinned by data analytics. It is available as an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy.

Accenture Life Insurance & Annuity Platform (ALIP) is part of Accenture Life Insurance Services. Learn more at www.accenture.com/lifeandannuitysoftware.

*Gartner, Inc., “Magic Quadrant for Life Insurance Policy Administration Systems, North America,” Richard Natale, Rajesh Narayan, August 10, 2021.

Gartner Disclaimer
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com

Copyright © 2021 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture

View source version on businesswire.com: https://www.businesswire.com/news/home/20210825005041/en/

Victoria Ancell

Accenture

+44 7446 27759

v.ancell@accenture.com

Source: Accenture

FAQ

What is the recent achievement of Accenture in the Gartner Magic Quadrant?

Accenture has been named a Leader in the Gartner Magic Quadrant for Life Insurance Policy Administration Systems in North America for the eighth consecutive time.

What does the Accenture Life Insurance and Annuity Platform (ALIP) offer?

ALIP provides life insurance carriers and annuity providers with advanced capabilities for product development, underwriting, and policy administration.

How does Accenture's recognition impact its market position?

Being named a Leader in the Gartner Magic Quadrant enhances Accenture's brand reputation and trust among clients in the life and annuity sectors.