- About Mastek
EGP is an extremely flexible and modern administration platform for Group Protection companies. It supports expanding product lines and manages variable schemes while creating a service differentiator for advisors, employers and employees.
Ageing systems, systems that have been in use for decades are inflexible and cannot handle the challenges of business dynamics. It leads to increasing business and technology costs.
Product Innovation & Business Agility - Due to the problems posed by ageing systems mandatory tasks like the application of regulatory changes, changes in base rates, the addition of a new optional provisions and features with pricing impact become difficult, lengthy and involve significant manual intervention.
Mastek’s powerful and configurable platform offers process efficiency and effectiveness, enabling quicker responses to quote requests and comprehensive process automation. EGP’s integrated system supports all business processes and helps introduce new products into the market in a timely manner, at a low cost, enhancing speed to market. It also provides a predictable total cost of ownership since it uses the latest technology supported by open integration, thus offering extensive configuration advantages.
Mastek with its team of experts and over two decades of experience in the insurance sector understands these challenges and has created Elixir for Group Protection as a platform to address all these needs.