Accenture (NYSE: ACN) has been selected to license and implement its life insurance policy administration application at Allianz Life Insurance Company of North America (Allianz Life), a leader in the North American life and annuity insurance industry and the U.S. subsidiary of Allianz SE, a global leader in the financial services industry. The Accenture Life Insurance Platform will be implemented to support Allianz Life’s annuity business.
Allianz Life has chosen to implement the Accenture Life Insurance Platform to help enhance its product development capabilities and improve customer service, while being able to more efficiently respond to the changing regulatory and business environment.
“The new system will enable us to continue to put our customers first in responding to their evolving needs in a rapidly changing environment. It will allow us to streamline our business processes and continue to bring innovative new products to market.” said Cathy Mahone, senior vice president of Enterprise Operations at Allianz Life. “We selected the Accenture Life Insurance Platform because of its ability to support leading-edge annuity products that are highly configurable. In addition, Accenture’s deep knowledge of the life insurance and annuity industry and its proven record in systems integration make it a strong partner for our business.”
“In today’s market, strong customer relationships are more vital than ever to the success of a financial services business,” said Mitchel Ludwig, a senior executive working in Accenture Software. “High-performing insurers like Allianz Life understand that rapidly and efficiently introducing new products to meet customer needs is a core competitive advantage that requires focus and development. This initiative will help Allianz Life improve its ability to roll out new products by simplifying product development and will help enhance customer experience through more consistent and efficient processes.”
About Allianz Life
Allianz Life Insurance Company of North America has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with nearly 155,000 employees worldwide. Based on its revenue, Allianz SE is the 20th largest company in the world (Fortune Global 500, August 2010).
About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with approximately 204,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.6 billion for the fiscal year ended Aug. 31, 2010. Its home page is www.accenture.com.
Accenture Software combines deep technology acumen with industry knowledge to develop differentiated software products. It offers innovative software-based solutions to enable organizations to meet their business goals and achieve high performance. Its home page is www.accenture.com/software.
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