Overview
With 50 clients and 80 conversions, LifePRO™ is the mostly widely deployed policy administration system in North America for life, annuities, and supplemental health products.
Along with the Life Digital Suite (LDS™) for new business and automated underwriting, carriers can have a complete end to end solution
Platform + People + Process = Success for the Future
- Lowest TCO – Complete out-of-the-box functionality results in dramatically lower TCO
- Highest ROI – Broad LOB support means investment produces perpetual returns
- Fastest Time to Market – Implementations possible in as little as 90 days
- Rules Configuration is completed by Business Users in the core policy administration system, no programming or scripting languages required. Setup time is measured in hours not days or weeks. LifePRO™ offers pre-defined template capabilities and an extensive library of ready to implement product rules.
- Key domain experience across life insurance, health insurance, and annuities
- Market Leading Install Base – More than 47 customers using solution
- Comprehensive Functionality – Recognized as having both broadest and deepest functionality
- Committed Investment - for next generation of LifePRO™ simplifying integration, increasing user productivity, and expanding business insights
- Multiple Delivery Models to Support Clients – On premise, Hosted, BPO, TPA, Cloud
- TPA Models utilizes LifePRO™ for Policy Administration servicing
- Low Risk – Only solution in the market with 100% implementation success, never a failed implantation
The LifePRO™ solution is ideal for carriers seeking solutions to the following business challenges:
- Need the ability to launch products quickly
- Want to expand their portfolio into new products (LifePRO™ supports a broad range of life insurance, annuity, and supplemental health products)
- Need to simplify their policy administration footprint
- Want to reduce administration costs for an existing block of business
Key Features
Digital First Solution
Product Flexibility on a Single Platform
- Extremely broad range of Life, Health and Annuity products
- Individual, Group and Worksite products
- Creative combinations such as LTC /Annuity Combinations
Industry acknowledged breadth of functionality
- End to end journey from client acquisition through claims
- e-App and flexible rules engine
- Flexible agent compensation support
- Multi-company support
Flexible Integration
- Extensive array of 375+ services including policy Illustrations and Re-projections
- DataMart strategic integration platform enables ease of integration and analytics support.
- Agent & Customer Portals
Vibrant & Engaged Customer Community
- Active customer base contributes to overall product evolution
- Industry recognized leading customer base
Upgrade Path for Long Term Success
- Base system strategy allows customers to stay current and take advantage of continued product evolution
A Proven Partner
- 80+ successful conversions
- EXL brings the ability to leverage capacity and experience in analytics, robotics, consulting to guide clients on their digital journey
Highlights of the many new features in LifePRO™ latest release include:
- Digital Claim Capabilities - New web services to enable end-to-end integration for the administration of life claims.
- User Experience Customization - Additional features to support user experience customization.
- Group Onboarding & Servicing – New methods to track group data and new integration web services.
- Expanded Quoting Options - New user experience and integration services for a variety of quoting options.
- Enhanced Digital Servicing - Enhanced UI and integration services for many additional transactions.
- Product Configuration Flexibility - New tools to streamline product introduction and enable rapid deployment.
Key Benefits
Out of the box support for a broad set of life, annuity, and health insurance products, end-to-end for customer acquisition, servicing, claims and analytics
- Digitally enabled to support STP and self service
- Committed Investment for Next Gen LifePRO™ simplifying integration, increasing user productivity, and expanding business insights
- A market leading customer base fully engaged in platform strategy and direction
- Deep and broad functional capabilities in a flexible deployment module; On Premise, Hosted, Cloud, TPA
Media
- LifePRO™ Platform Wins XCelent Customer Base Award
- LifePRO™ Highlights video
- LifePRO™ Digital Platform