) is winning deals from insurance companies across the globe.
Recently, the company won a deal from the Reale Mutua
Assicurazioni Group of Italy to provide back office and IT
services, expanding the company's business in Italy. Accentuire
has agreed to provide multi-year back office assistance,
policyholder data entry, claim settlement IT support and data
entry processes related to the policyholder's account.
Second in this line of deal wins came from the professional
liability insurance company, OMS National Insurance Company
(OMSNIC), where Accenture will help the transformation of its
business goals through a revamp of its policy, billing and claims
software. The Accenture Property & Casualty (P&C)
Insurance Suite will assist the company in processes like Policy
Administration, Billing and Claim Components, providing a single
solution to help the company in rating, quoting, underwriting,
billing, claims administration and policy lifecycle support.
Accenture is on the right track to widen its geographical
presence and at the same time it is diversifying its service
portfolio as well. The insurance segment is of course not new to
the company. Accenture has previously served various companies in
the same domain.
The company has taken aggressive marketing strategy to enhance
its business across the globe. Marketing and digital executives
of Accenture are coming up with cost effective solutions for its
clients to crack high-value business deals.
Accenture has been able to maintain a steady pace of deal wins
over the last few years. This will provide the much needed
support to the company's revenue base. The consulting and
outsourcing business has made a meaningful contribution to the
company revenue over the years.
On the other hand, companies like
) are providing good services to their clients at competitive
rates. To add to its woes, the company's European business is not
making a significant contribution.
Accenture currently has a Zacks Rank #3 (Hold). Another
Information Services Group Inc.
), carries a Zacks Rank #1 (Strong Buy), and is therefore worth
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