As an insurance carrier in an aggressive market, launching new products to meet growth needs is just a norm. In today’s competitive scenario, distribution models continue to change bringing in high experimentation costs. To top it all is the winner’s curse of being stuck in a system that fail to scale to volumes and unfeasibly high operating costs. Carriers need to handle all this while under the pressure to minimize IT costs.
ElixirAsia 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 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 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.
ElixirAsia’s Out of the Box Features
- Ready to deploy pre-configured products
- 300+ Operational reports and Correspondences Templates
- 50+ Generic Interfaces
- Report Data Mart
- Proven implementation methodology
- Distribution Management Enabled
- Data Migration Framework
- Adheres to prevailing market regulations
The ElixirAsia Advantage
- A Scalable Platform
- Proven to support more than 4 million policies,
- 300,000+ Agents across 400 branches in a single instance
- Web Services Enabled
- The Growth Platform
- The agility to be able to launch new products in days not months
- Over 200+ pre-configured products for quick launch
- Low total cost of ownership
- Runs on low cost hardware and system software
- Platform independent
- Low business operation cost through automation
- Straight-through processing enabled
- Support for Multiple Product Lines in a Single System
- Reduced Time to market for new product launches
- Scalable Platform to Meet Growth Imperatives
- Lower Total Cost of Ownership
