Accenture has opened the curtains onto a major life insurance technology project.
The consulting firm announced Wednesday that it has set up a major new system for a giant life insurer, Principal Financial Group Inc.
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The Des Moines, Iowa-based carrier is now using the Accenture Life Insurance & Annuity Platform (ALIP) to run its operations, according to Accenture.
Accenture says the system can provide straight-through processing for new life and annuity business, and connect Principal smoothly with the other companies it works with.