MT TL Rotating 4 10 2018
Follow Us
ITA MEMBERSHIP

CORE SYSTEMS

CORE SYSTEMS

Illinois Mutual Selects EXL’s LifePRO Platform

Staff Writer | July 13, 2017

EXL and Illinois Mutual Life Insurance Company announce a strategic relationship to implement EXL’s LifePRO platform for digital customer acquisition, policy administration, and analytics.

The agreement encompasses the LifePRO Digital Suite for electronic quoting and application,  which includes rules-engine-based automated and accelerated underwriting, workflow, and document generation for all worksite, disability income, life insurance and annuity products. The relationship also includes the implementation of LifePRO for administration and analytics across new business, policy administration, claims, and agent support. Illinois Mutual will migrate all existing business to LifePRO as part of a technology consolidation strategy.

 “Illinois Mutual is preparing for a future as a digital insurer, and needed a partner and solution to help achieve four primary goals: to enable the delivery of innovative new products to market more quickly, enable straight through processing and automated underwriting, improve our business operations through streamlining and automating processes, and enhancing the service we provide to our clients and agents,” says Katie McCord-Jenkins, president and chairperson of Illinois Mutual. Our partnership with EXL positions us to meet all of those goals.”

"The breadth of product coverage provided by EXL LifePRO combined with web services-based new business functionality of the EXL LifePRO Digital Suite enables solid backend processing combined with a modern, streamlined and real-time user experience," says Jeffrey Wann, vice president of IT for the insurer.

“This new strategic relationship further demonstrates the strength of our platform transformation strategy and positions LifePRO as an end-to-end digital solution,” says Keith Johnson, senior vice president and head of EXL’s Life and Annuity business. “Combined with LifePRO’s market leading position to support a broad range of life, health, disability and annuity products, the omnichannel straight-through processing capabilities of our solution will lead carriers into a new generation of insurance.”


Featured articles

Majesco MR

MT 4 10 2018 Large RHS

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

ITA LIVE 2019

The tide is up! It's time to register for ITA LIVE 2019, our annual educational and networking conference! Our theme is "The InsurTech Revolution: Cutting Through the Hype." and we'll be bringing in a torrent of industry thought leaders, amazing insight and wonderful perspectives on the world of insurtech and its impact on the insurance landscape.

ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

Ride the wave to LIVE 2019. Sign up today! We look forward to seeing you in May, 2019!

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News