Having listened to its customers over 20 years of developing insurance administration systems, Mastek understands that insurance providers today face a number of challenges:

• Regulatory change
• Evolving business models
• Product innovation
• Changing Distribution Strategies
• Cost pressures

It has become clear that existing systems can no longer cope with this list of demands.

In partnership with its customers, Mastek has invested in excess of 700 man years to create Elixir4, a brand new end-to-end life, annuity and pensions policy administration platform designed for today’s and tomorrow’s business challenges.

• Agile 
  • Feature-based product design and direct control of business rules and processes to enable unprecedented product innovation and speed to market
•  Modular 
  • Functional components for phased implementation providing low-risk business transformatio
• Easy to integrate 
  • Service-oriented architecture to deliver rapid integration and collaboration with existing in-house and external system
• Efficient 
  • Highly automated providing low operations cost
  • Ability to scale supporting business growth
• Fully supported and maintained 
  • Actively managed upgrade process to extend lifespan
  • Community of users collaborate and share costs
  • Multi-national  capability for global businesses

Elixir4 is the only truly 21st century, end-to-end life, annuity and pensions policy administration platform that enables:

• Rapid launch of new, innovative products across multiple distribution channels
• Low risk business transformation
• Low cost of ownership