Liberata Selects Exaxe’s Illustrate Plus™ as its Illustrations and
Calculations Solution
August 7th, 2007
Liberata, one of the UK’s leading business process outsourcing providers,
has chosen Exaxe to provide its market-leading illustrations and calculations
solution Illustrate Plus™.
Exaxe developed Illustrate Plus to enable efficient product rationalisation
and configuration across multiple platforms. Illustrate Plus will form an
integral part of Liberata’s Life & Pensions expanding open book services.
Liberata manages more than 3.5 million open and closed book policies, with
clients including Barclays, AXA, JP Morgan, Phoenix Life, and Chesnara.
Exaxe has worked with Liberata over the past three years delivering specialist
business, IT and actuarial consulting services.
The Illustrate Plus implementation will cover conventional pensions, unit-linked
pensions, protection products, whole-of-life and endowment products.
Phil Dale, Chief Technology Officer at Liberata said:"Illustrate Plus
can play a key role as we expand Exaxe's service offerings to include open
book new business processing, self-service for agents and policyholders,
and support for complex new products such as wraps."
"We needed a solution that could be implemented in a cost-effective and
efficient way, and provide rapid implementation of new actuarial calculations.
Illustrate Plus is an excellent fit. It is technically compatible with Exaxe's
current migration and business process outsourcing architectures and
Exaxe's future plans. Its SOA platform is scalable and can integrate with
any future books of business we may acquire."
"We were influenced in Exaxe's decision by Exaxe’s excellent track record
with Liberata of delivering successful complex, technical and business consultancy
assignments."
Philip Naughton, Exaxe’s Executive Business Development Director said: "We
are delighted to have this endorsement from Liberata for Illustrate Plus
and Exaxe. Illustrate Plus will support Liberata with improved process efficiencies,
reduced operating costs, ease of implementation of regulatory changes and
key features to support Treating Customers Fairly. This deal puts us in
a leading position of illustration and calculation solutions to the UK Life
& Pensions outsourcing market."
About Liberata:
Liberata is one of the UK’s leading providers of outsourced business
processes. With over 3,500 employees and over 20 locations across the UK,
Liberata improves, streamlines and simplifies complex back-office processes,
while delivering service excellence.
In Financial Services Liberata deliver a complete range of Life and Pensions
services, including policy administration and claims handling services to
its Clients. Liberata manages more than 3.5 million policies on behalf of
clients including AXA, Barclays, Phoenix Life, Chesnara and Save & Prosper
(part of JP Morgan), making it the equivalent of a Top 10 Life and Pensions
company. To find out more, click
here.
