To be a part of the Group Insurance growth story, Insurance organizations need the agility to launch new products quickly, meet the needs of the changing distribution landscape, finest operational efficiencies and all this while keeping business costs low. ElixirAsia Group Life is the answer to your need.
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.
ElixirAsia Group Life lowers the total cost of ownership with not just low cost hardware and system software but also low business operation cost through automation and straight-through processing.
As an end to end platform, ElixirAsia Group Life covers all aspects of the insurance process – distribution, new business, underwriting, policy servicing, billing and claims. It manages the complete financial aspect of insurance policy administration and also interfaces with reinsurance companies.
- Comprehensive – Supports multiple lines of group life products
- Flexible – Easy configurability and flexibility that enables insurance companies to gain competitive advantage by reducing time to market and launching new products
- Business Processes Enabler - streamlined best-of-breed processes that improve operational efficiency and entails cost savings for better operational margins
- Scalable – Proven to scale to multi-million policies adding to benefits of operations of scale.
- Shortened Processing Cycles: straight through processing reduces costs and operational errors as well as speeds up transactional handling
- Easy Integration with existing systems
- Elimination of processing errors: In-built Workflow provides significant improvement in internal flows of information
- Empowered business users - make changes to the business rules and parameters
- 50+ Out of the Box reports & correspondence
