Mastek's Elixir Policy Administration (EPA) solution has been designed to address your growth needs and reduce your operating costs whilst improving efficiency. The system can lower your staffing costs and significantly reduce your time-to-market by simultaneously managing both fixed and variable policies. Our solution enables your actuarial team to work on the backroom version of the live system, to develop new products, check feasibility and predict exact development schedules. Additionally, Elixir can help you to remove the problem of disparate systems, lower sub-optimal duplication (and discrepancy) of product, data granularity and integrity, and ensure greater accuracy.

Benefits of Elixir Policy Administration

• A single policy administration system for fixed and variable policies
• New products can be introduced faster and leakages can be reduced
• New standards and technology lowers time-to-market
• Provides a unified view of a customer
• Leverages contemporary best practices in automated underwriting and advanced rating (pricing) of highly segmented risks
• Separate business rules engine and a common calculation engine
• Single integrated platform for all product lines and channels