LifePRO

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

With over 45 clients and 70 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 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

•Market Leading Install Base – More than 45 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, SaaS, BPO, TPA

•Low Risk – Only solution in the market with 100% implementation success, never a failed implantation

•Market Leading Industry Knowledge – We know insurance

Key Features

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 services including policy Illustrations and Re-projections

•DataMart strategic integration platform enables ease of integration and analytics support.

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

Ongoing Evolution via Digital Transformation

•An aggressive Transformation program providing value today

A Proven Partner

•70+ successful conversions

•EXL brings the ability to leverage capacity and experience in analytics, robotics, consulting to guide clients on their digital journey

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