Accenture (NYSE: ACN) released a new version of the Accenture Life Insurance Platform (ALIP), a configurable and scalable software suite that offers life insurance and annuity carriers solutions for product development, new business, underwriting, policy administration and payout.
ALIP has added a variety of life and annuity product enhancements that support more complex insurance business rules and calculations and allow custom processing through configuration. Insurance providers can continually review and improve their customer service processes, further automate tasks and mitigate manual processing.
In other industry news:
Riskalyze introduced its next technology platform, Retirement Maps.
The technology instantly – and deterministically – calculates a client’s financial path to retirement with 95 percent probability, according to Riskalyze. Advisors can lead their clients through the development of this map in real time, helping them to make the decisions necessary to achieve a high probability of success.
Riskalyze is offering Retirement Maps as a free upgrade to all existing customers.
OptifiNow launched text on demand, software that seamlessly integrates SMS messaging into CRM databases.
Companies can record, track and monitor the content of text messages sent to potential leads and existing customers directly through existing CRM software. Log into the CRM dashboard, select a lead, access approved brand compliant messaging, personalize the message for a particular lead then send the message in SMS format to any mobile device.
The text message is logged in the lead’s notes in the CRM database as outreach activity so it can be accurately tracked in future follow ups. Managers can also view and monitor outbound text messages to ensure legal compliance and analyze campaign effectiveness.
Neace Lukens also will adopt a new brand identity that complements parent company AssuredPartners. Assured Neace Lukens will continue to offer property & casualty insurance, employee benefits services, risk management counseling and personal insurance.
AXA updated its status to: In a relationship with Facebook. The partnership with Facebook will help AXA to further develop its digital, social and mobile footprint in France and globally. The partnership leverages the scale of both businesses via innovation and access to research, training and capabilities, particularly on mobile.
“Every day, people spend more of their time on mobile and on Facebook,” said Laurent Solly, CEO of Facebook France. “We’re excited to team up with AXA to make marketing personal again.”
3-Mentors grew its Allianz contract from $82 million in 2010 to more than $135 million in 2013. 3-Mentores was also noted for training programs for new agents, and mentoring and coaching programs to help affiliated advisors grow their production. The Rourke’s Raiders Rookie Award was created to recognize a single FMO each year that demonstrated tremendous growth in their distribution partnership with Allianz as well as highlight the field marketing organization’s growing role in the industry as a whole.
Digital Insurance partnered with Nashville, Tenn., agencies Insurance Management Services (IMS) and Benefit Solutions, Inc. (BSI). The agency also brought on Mike Haynes, Jaime Harmon-Bruwer, Kathryn Little and producer Chris Rogers as its initial entry into the Memphis market.
Haynes, Harmon-Bruwer and their IMS team; Little and her group from Benefit Solutions; along with Rogers, now operate under the Digital Benefit Advisors (DBA) banner.
DBA opened its flagship office in Tennessee one year ago when it acquired Capital Benefits Group.
Digital Benefits Marketplace (DBM), the company’s private insurance exchange, rolled out in Tennessee last October and enables companies to reframe the employee benefits equation, offering both a defined contribution financial model and greater plan customization. DBM’s Customer Advocate Center representatives guide businesses and employees through the enrollment process and individual/family decision-making.