EXL Positioned in the "Leaders" Quadrant of Gartner's Magic Quadrant for North American Life Insurance Policy Administration Systems
"Insurance companies today need cost-effective and agile solutions that help them bring new products to market faster and reduce ongoing operations costs," said
According to
"Our clients appreciate the flexibility and comprehensive functionality of LifePRO®, including our speed to implementation and choice of on-premise or private cloud hosted delivery models. They also appreciate our ability to offer a full suite of business process solutions, including operations consulting and third-party policy administration services in addition to LifePRO®," said
LifePRO® is used by more than 40 insurers to streamline policy administration for diverse life, annuity and health products. It features a flexible product configuration engine, multi-company support abilities, billing and collections, claims processing, tax reporting, and extensive agent compensation capabilities. Companies can install LifePRO® onsite or host it in EXL's private cloud. LifePRO® enjoys the benefit of an active, engaged client base, with nearly every client having upgraded LifePRO® within the past four years. Many of EXL's clients administer more than a million contracts on a single database.
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About EXL
EXL (NASDAQ: EXLS) is a leading business process solutions company that looks deeper to drive business impact through integrated services and industry knowledge. EXL provides operations management, decision analytics and technology platforms to organizations in insurance, healthcare, banking and financial services, utilities, travel, and transportation and logistics, among others. We work as a strategic partner to help our clients streamline business operations, improve corporate finance, manage compliance, create new channels for growth and better adapt to change. Headquartered in
About Gartner's Magic Quadrant
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SOURCE EXL
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