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Press release from Business Wire

Accenture's Property & Casualty Insurance Claims Software Receives Industry Awards for Functionality and Service

Monday, May 20, 2013

Accenture's Property & Casualty Insurance Claims Software Receives Industry Awards for Functionality and Service

07:00 EDT Monday, May 20, 2013

NEW YORK (Business Wire) -- Accenture's (NYSE: ACN) property and casualty (P&C) insurance claims management software, Accenture Claim Components, received two XCelent Awards in Celent's latest report titled “Claims Systems Vendors: North America P/C Insurance 20131.”

Accenture Claim Components was recognized with:

  • The XCelent Service Award for the leading solution in “Depth of Services.” Celent relies heavily upon qualitative indicators derived from the client reference survey to measure this dimension.
  • The XCelent Functionality Award for the leading solution in “Breadth of Functionality.” Celent reviewed each vendor's system against the functionality demanded by P&C insurers for this award.

“The role of claims professionals is being redefined with a sharper focus on the delivery of improved outcomes,” said Michael A. Jackowski, global managing director of Accenture Software for P&C Insurance. “We see these awards as recognition of Accenture Claim Component's ability to help insurers make this shift by improving settlement accuracy, detecting fraudulent activity earlier in the claims cycle and enabling new data-driven claims processes.”

Celent is a leading industry analyst firm focused on the application of information technology in the global financial services industry. Launched in November 2010 to acknowledge vendor excellence, Celent's XCelent Awards are designed to help financial institutions and technology providers stay abreast of industry trends by evaluating the shifting vendor marketplace and awarding technology best practices.

“Accenture Claim Components is a very strong offering, benefitting from Accenture's continuing investments,” said Donald Light, director of Celent's Americas Property/Casualty practice and author of this report. “Its features and functions, portal and usability are all pluses.”

Accenture has made an excerpt of the report available on its website. Accenture's award-winning policy and claims software offers carriers an integrated suite of software with modules that can be implemented individually or as part of a broader migration strategy. The combined software enables insurers of all sizes to benefit from a flexible suite of property & casualty (P&C) software to configure products, transact lines of business and process claims.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with approximately 261,000 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$27.9 billion for the fiscal year ended Aug. 31, 2012. 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. For P&C Insurance software, its home page is www.accenture.com/pcsoftware. Accenture's P&C insurance software is also part of Accenture Property & Casualty Insurance Services. By applying its extensive industry knowledge to continuously enhance its software, Accenture helps insurers reduce operating costs, and drive growth through better customer interaction and product innovation.

1 Celent, “Claims Systems Vendors: North America P/C Insurance 2013,” by Donald Light, April 5, 2013

Accenture
Julie Bennink, + 312 693 7301
julie.l.bennink@accenture.com
or
Francois Luu, + 33 6 60 53 84 28
francois.luu@accenture.com

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