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Accenture Receives Industry Awards for its Property & Casualty Insurance Policy Administration Software Solution

Accenture Receives Industry Awards for its Life Insurance Policy Administration Software Solution

Accenture Selected by Leading U.S. Property & Casualty Insurer to Provide Cloud-Based Claims Software

Accenture Claim Components to be delivered on a Software as a Service basis

NEW YORK; Dec. 12, 2011 – Accenture (NYSE: ACN) has announced a multi-million dollar agreement with a leading U.S. property and casualty (P&C) insurer to provide claims management support on a Software as a Service (SaaS) basis. Delivered from the cloud, Accenture’s claims management services will allow carriers to have variable capacity and better align costs with the volume of claims activity.

Under the agreement, the latest version of the Accenture Claim Components (Release 10) will be leveraged to process claims management operations for the insurer’s automobile line of business. The new installation will complement and upgrade the insurer's current version of the Accenture Claim Components to handle the several million claims the insurer processes each year. By utilizing the claims application in a SaaS-based model, while leveraging cloud technologies, the insurer will increase its flexibility and business agility.

Accenture Unveils Comprehensive Integrated Property and Casualty Software Suite

Integrated P&C suite helps carriers improve accuracy of claim handling and underwriting process, reduce implementation time and risk

NEW YORK; Nov 3, 2011 – Accenture (NYSE: ACN) has unveiled its integrated Property and Casualty (P&C) software suite to create one of the most comprehensive platforms available in the industry. The integrated suite brings together Accenture Claim Components and Accenture Duck Creek’s policy software, including the industry-leading rating and product configuration components.

The software enables insurers of all sizes to benefit from a flexible suite of P&C interoperable software modules to configure products, transact lines of business and process claims. Accenture’s integrated P&C software, based on a Microsoft .NET platform, enables insurers to reduce their implementation time and risk, and improve the accuracy of their claims handling and underwriting based upon more seamless information technology systems.

“The integration of our P&C software offers greater flexibility to our clients by providing a suite of software with modules that can be implemented individually or as part of a broader migration strategy,” said Michael A. Jackowski, global managing director of Accenture Software for P&C Insurance. “The Accenture P&C software suite is quickly evolving to bring the power of an integrated enterprise solution and the agility and scalable technology that will enable our customers to be successful in the marketplace.”

Accenture’s integrated P&C software suite includes policy administration, claims, and billing applications, delivering full-featured solutions for the three essential operations required by P&C insurance carriers. Other components of Accenture’s end-to-end P&C suite include rating, rules, product definition and configuration as well as product templates and sales enablement tools. Accenture’s vision is to provide insurers of all sizes a robust software platform – with multiple delivery models – capable of effectively supporting today’s demands yet flexible enough to meet the evolving needs of the market.

“The speed at which we’ve completed the integration confirms the benefits of our acquisition of Duck Creek and is a testament to the common architecture of our solutions,” said Colin Davies, managing director of Accenture Software. “It is a great accomplishment by our combined development and product management teams, and we will continue to enhance the suite and the richness of the functionality over the coming months.”

About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with approximately 236,000 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$25.5 billion for the fiscal year ended Aug. 31, 2011. 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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Accenture
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Peter Soh
Accenture
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