Exaxe, an award-winning specialist solution provider for the life and pensions industry, has announced that Police Mutual has successfully gone live with its Admin Plus and Illustrate Plus solutions.
The renewable five year licence agreement marked the fourth of six licence sales for Exaxe over the past twelve months.
The multi-million pound Policy Administration System will allow Police Mutual to consolidate multiple lines of business on a single modern technology platform. The solutions will support all aspects of the policy lifecycle from new business, policy servicing, and right through to claim processing. The solutions will also grant Police Mutual the ability to provide web-enabled quotations and illustrations direct to consumers on a self-service basis.
Commenting on the successful implementation, Philip Naughton, Executive Director Business Development, Exaxe, said “This feat was possible by having the right team in place from both Police Mutual and Exaxe, and a strong commitment to deliver and set up Police Mutual for success. Admin Plus and Illustrate Plus will allow Police Mutual to streamline service levels, support Straight Through Processing, accelerate business innovation and reduce the lead time for introducing new products.”
David Loughenbury, CIO of Police Mutual commented, “Our close working relationship with the Exaxe team, and their expertise, resulted in the successful implementation of Admin Plus and Illustrate Plus. We look forward to realising the many benefits of our new robust system such as the ability to launch new products quickly, giving us a distinct advantage over our competitors. Admin Plus and Illustrate Plus will be the cornerstone of our channel choice strategy providing a higher quality service to all our members via Straight Through Processing and tailored products.”
Norman Carroll, CEO at Exaxe, stated, “Exaxe has signed six new licence deals in the last 12 months and we continue to recruit to meet our growth and company objectives. It is an exciting time for Exaxe and its clients, as we continue to grow and give our clients the tools they need to become the market leaders.”