Life insurance and wealth management companies burdened with expensive and inflexible legacy products and systems are simultaneously challenged by the need to develop new products and service delivery models. The endless drive to achieve more with less but faster, has led Mastek to build a next generation version of its globally successful administration solution, Elixir.
The powerful fourth generation of Mastek's successful Elixir solution supports multiple lines of life and wealth business in a single platform.
- Feature-based product design and development
- Business Rules Engine for additional flexibility and complex product features
- Legacy and 'New World' product types
Complex, multi-channel distribution made easy.
- Full lifecycle support for complex, multi-tiered channels
- Align agent compensation plans with business strategy
- Agent, channel and product performance by a wide range of parameters
- On-line real-time access to statements, updates and approvals
Low cost, utility-style operations support
- Genuine, real-time straight through processing
- High levels of automation and process engineering capability
- Consistent, ergonomic user interface
- Built in 'push' and 'pull' workflow management
Modular SOA architecture
- Integrates easily into enterprise solutions
- Independent modules can be installed independently
- Powerful service bridge for portal integration
UK regulatory compliant
- FSA compliance including IFA information upload for permissions, appointments, authorisation etc.
- Integrated with HMRC including for events management, reporting, PRAS tax relief management
- Supports all regulatory aspects for the market such as GAD / PCLS / LTA limits, chargeable events processing, PAYE tax, Annual / GAD reviews etc.
Backed by Mastek's on time and to budget delivery track record, Elixir is the new world solution that Insurers have been waiting for.
