Southern Trust Selects Accenture to Support Growth Initiatives
Insurer chooses Accenture's software to modernize core insurance policy system and improve processes to support business expansion
NEW YORK--(BUSINESS WIRE)-- Accenture (NYS: ACN) announced today that Southern Trust has selected Accenture Duck Creek Policy Administration and Billing software as its core commercial lines rating, policy processing and billing system. The software suite will enable Southern Trust to more efficiently and profitably manage their current book of business, along with positioning them for growth. Southern Trust writes commercial lines in Georgia, South Carolina and Tennessee.
Southern Trust will also use Accenture Duck Creek Templates, a pre-configured insurance product deployment solution for Insurance Services Office (ISO) based commercial lines and National Council on Compensation Insurance (NCCI) based workers' compensation products. The templates are designed to support rapid implementation and ongoing maintenance of these lines of business with lower cost and risk.
"We need a modern technology system with a track record of fast, successful implementations to support both our current needs and our future expansion roadmap," said Eric Russett, Vice President, Southern Trust. "With Accenture Duck Creek software, we'll be able to more easily support and configure all of our commercial lines of business on a single platform while also benefiting from a future-proof architecture that positions us for growth."
"We are pleased that our software was selected by Southern Trust as a key component of their move to a modern technology platform," said Michael A. Jackowski, global managing director of Accenture Software for P&C insurance. "Their mission is to provide best-in-class service to their agents and customers, and they understand that our software enables streamlined and efficient policy and billing processing, as well as increased service levels."
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 P&C software to configure products, transact lines of business and process claims.
About Southern Trust
Southern Trust, founded in Macon, GA in 1968, is a commercial lines carrier offering competitively priced quality insurance products through a network of over 200 independent insurance agents in Georgia and Tennessee. Southern Trust is rated A (Excellent) by the A.M. Best Company, the oldest and most experienced insurance rating organization in the world.
Accenture is a global management consulting, technology services and outsourcing company, with 257,000 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.
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