EXL Acquires Insurance Platform Provider LISS Systems to Enhance Digital Customer Acquisition and Policy Administration
"At LISS, we are passionate about innovation that creates genuine value for our insurance clients," said
LISS's flagship LISSIA platform includes multi-channel interfaces, underwriting, workflow engines, and document production modules to automate new policy issuance and simplify policy administration. With its highly flexible architecture, LISSIA is used for both traditional and unit-linked life and investment products. Launched in 2002, LISSIA supports installations of more than 1 million policies and supports insurers such as AIG, Aviva and
"LISS is ahead of the competition in terms of its advanced architecture, modern design, user flexibility and multi-product adaptability," said
LISS will become part of EXL's insurance business unit and continue to be based in London. Terms of the transaction were not disclosed. In connection with its acquisition of
About EXL
EXL (NASDAQ:EXLS) is a leading operations management and analytics company that helps businesses enhance growth and profitability in the face of relentless competition and continuous disruption. Using our proprietary award-winning Business EXLerator Framework(TM), which integrates analytics, automation, benchmarking, BPO, consulting, industry best practices and technology platforms, EXL looks deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance. EXL serves the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries. Headquartered in
About LISS Systems
LISS Systems is a leading provider of policy administration solutions for the Life and Pensions industry, combining both depth of life industry knowledge with proven expertise in the design and delivery of core system solutions. For more information, visit www.liss.co.uk.
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