Accenture has unveiled enhanced claims and policy administration software platforms with increased configurability and multi-channel support to help property and casualty (P&C) insurers react more quickly to changing market conditions and customers’ evolving needs. Accenture has more than 40 years of experience serving P&C insurers, and has been committed to the insurance software business for more than a decade. The enhanced P&C insurance industry software platforms include:

-The Accenture Claim Components. Release 10 of this software platform significantly increases system flexibility and enables business users to quickly reflect changes in business conditions through consoles that are easy to use for them, without extensive and lengthy modification requirements. The new release provides an easy-to-use configuration toolset that gives non-programmers unprecedented control over the application data, screens and processes and simplifies upgrades and maintenance.

-The Accenture Policy Components, Accenture’s end-to-end, component-based P&C policy and underwriting management software platform. The enhanced software platform enables insurers to extend the reach of their distribution channels and accelerate the time to market for their new and changed business products. Release 3.0 of the solution introduces enhancements to Accenture Policy Workstation, a highly-configurable, multi-channel quotation and issuance front-end component that easily integrates with any policy processing system. The new version also includes an enhanced product configuration toolset.

“Even as markets show sign of recovery, the environment for P&C insurers has changed,” said Gilles Biscay, global managing director of Accenture Software for insurance. “The economics are tougher, customers are more demanding and normally conservative insurers are under pressure to adopt a bolder approach toward technology. Proven software solutions should be considered by P&C insurers as key enablers of market differentiation. They can help insurers quickly launch products through the appropriate distribution channels that match consumers’ evolving purchasing behaviour, and also better serve their customers by allowing fair and rapid claims resolution.”