Accenture Blog on Insurance

New release of Accenture Claim Components

Nam, Steven K. — Wed, 16 May 2012 09:59:00 GMT

I’m pleased to announce the new release of Accenture Claim Components, our insurance claims management software platform. The enhancements will help insurers process claims more quickly and efficiently, and help them improve the customer experience. New features include: A pre-configured rep ... (More)

New components to the Accenture Life Insurance Platform

Nam, Steven K. — Tue, 15 May 2012 11:11:00 GMT

The Accenture Life Insurance Platform is used by more than 40 leading carriers to streamline operations, improve efficiency and create a competitive advantage. In a press release issued this morning, we announced two new components to the Accenture Life Insurance Platform: A cloud-based new bu ... (More)

Redefining the insurance finance function (Part 2 of 3)

Gruenke, Rudy E. — Tue, 15 May 2012 09:47:00 GMT

Last week, I shared the key findings of the Accenture 2011 High Performance Finance Study. This week, I’ll talk about our recommendations for insurers as they position their finance function to deliver greater value to the enterprise. Recommendations—and implicationsAs mentioned last week, we b ... (More)

Accenture at 2012 ACORD LOMA Insurance Forum

Nam, Steven K. — Thu, 10 May 2012 09:16:00 GMT

Next week, Accenture will be at the 2012 ACORD LOMA Insurance Forum at Rosen Shingle Creek in Orlando, Florida. The Forum is an action-packed, productive event for us, and we’re pleased to be a gold sponsor of this year’s event. ACORD LOMA Session: Underwriting—Challenges, Creativity and Myths ... (More)

Redefining the insurance finance function (Part 1 of 3)

Gruenke, Rudy E. — Tue, 08 May 2012 08:14:00 GMT

Amid the disruption of the economic downturn, the corporate finance function became stronger. That’s just one of the findings of the Accenture 2011 High Performance Finance Study. We found that finance functions did well overall—and that insurance finance functions, in particular, did very well. ... (More)

Advice-led distribution in life insurance (Part 2 of 2)

Gruenke, Rudy E. — Tue, 01 May 2012 09:45:00 GMT

Last week, I introduced the idea of advice-led distribution for life insurance, and explained that insurers need the right customers, and the right offers and experiences, to create competitive differentiation. This week, I’ll discuss the three other pieces of the puzzle. The right operating mo ... (More)

Advice-led distribution in life insurance (Part 1 of 2)

Gruenke, Rudy E. — Tue, 24 Apr 2012 08:25:00 GMT

More and more, individuals are facing the prospect of funding their own retirement. In both developed and emerging insurance markets, the ranks of the under-insured are growing. Meanwhile, shrinking profitability, increasing customer expectations and competition from other financial institutions—b ... (More)

Succeeding at microinsurance: Technology (Part 5 of 5)

Gruenke, Rudy E. — Tue, 17 Apr 2012 06:42:00 GMT

Just as technology is changing the traditional insurance industry, it’s having a tremendous effect on microinsurance. The rapid adoption of mobile phones in emerging markets means that regions with poor infrastructure and dispersed consumers can still be candidates for microinsurance. Limits to ... (More)

Succeeding at microinsurance: Operating models (Part 4 of 5)

Gruenke, Rudy E. — Tue, 10 Apr 2012 08:42:00 GMT

When it comes to microinsurance, an effective operating model is critical. It needs to enable the insurer to overcome challenges through development and marketing of a successful microinsurance product. Here are four key areas where the effectiveness of the operating model will be put to the test: ... (More)

Accenture Claim Components rated “Strong Positive” by Gartner

Gruenke, Rudy E. — Mon, 09 Apr 2012 08:52:00 GMT

I’m pleased to report that for the fourth consecutive year, Accenture Claim Components has received a “Strong Positive” rating in Gartner’s “MarketScope for North American Property and Casualty Insurance Claims Management Modules.” Gartner’s MarketScope ranking for P&C insurance Strong ... (More)