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Today insurance carriers face a changing business landscape, stiff competition, rising consumer demands, growing mergers and acquisitions and constant regulatory changes. To cope with these changes, insurance carriers face the challenges of:

 

  • Launching innovative products,
  • Marketing these products faster than the competition,
  • Cultivating new distribution channels and,
  • Improving customer service.

Mastek recognises the dynamic changes occurring within insurance and the system gaps that must be filled to meet those changes. Our life, annuities and pensions solutions are designed with the clear purpose of enabling insurance providers to stay ahead in the market. The enterprise design and component based architecture of these solutions deliver agility while seamlessly integrating with our clients' existing systems.

Products
Is your insurance business losing pace because of missed growth opportunities, lack of product development and poor client service? Elixir Asia is an enterprise platform for fast-growing insurance carriers that empowers you with robust technology and allows you to rapidly accelerate products, markets and producers.
Key Benefits
  • Supports business processes- from initial sale to claims and payout
  • Supports multiple lines of business
  • Allows easy integration of external and legacy systems through SOA
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ElixirAsia Group Life is a proven highly scalable agile platform that supports your business growth. It gives you the agility to launch new products in a matter of a few days while being ready to scale to volumes.
Key Benefits
  • Easy Integration with existing systems
  • Comprehensive – Supports multiple lines of group life products
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ElixirAsia Health – Mastek’s policy administration platform for Health insurance companies
Key Benefits
  • Greatly shortened processing cycles and reduces costs and operational errors as well as speed up transactional handling
  • Distribution Management Enabled
  • In-built Workflow provides significant improvement in internal flows of information and elimination of processing errors
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Services
Our experts define your business needs, formulate a strategy, develop an effective technology business model and then implement the change across your organisation.
With proven test processes and methodologies, we combine world-class infrastructure with extensive program management expertise.
We translate your IT vision into reality with solutions that are focused on enhancing customer relations and increasing revenue and competitive advantage.
We help you refocus your energies on strategic initiatives by handing over the maintenance and enhancement of business applications to a reliable partner.
We offer a system that helps organisations catalogue different sources of information for dissemination to many users according to their specific needs.
Mastek's data migration and platform rationalisation offering has helped some of the biggest names in the industry to move their data seamlessly from legacy systems to new administration platforms.
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March 10,2009
Mastek's solutions recognised with two Celent Model Carrier Awards
February 24,2009
Mastek launches Elixir Distribution Management in India and US