Demand for New Products

New products are essential to growth, so too is the ability to respond to market changes with ongoing product modifications. Aging life and pensions systems can struggle with new products, but until now, have been too costly to replace.

     
 

LIFE & PENSIONS
NEW
PRODUCTS

 
     
 

DO YOU WANT TO:

 
• Rapidly launch new products & calculations
• Minimise actuarial & IT involvement
• Test in a matter of hours
• Achieve higher levels of automation & STP
...in days, not months?

 

Exaxe's Life and Pensions solutions cut the time to market, for even the most complex new products from months to days. However, they can be implemented without a major overhaul of existing IT systems, or infrastructure. Thereby cutting the investment by up to 40%.

 

A competitor has just launched a new product, but how quickly can you respond? Your product's terms need to be changed, but will software have to be rewritten to make it happen? Time to market, as well as the cost of launching new products, or configurations, is a key competitiveness issue. That is why Exaxe's life and pensions solutions are so important.



More Complex
Products
More Complex Products - Exaxe's insurance administration solutions support even the most sophisticated products and calculations, including annuities (impaired and enhanced).

 



Rapid
Time To Market
Rapid Time to Market - Exaxe's life and pensions solutions enable new products to be launched, fully tested and supported, within days.

 



Ongoing
Modifications
Ongoing Modifications - Exaxe's life and pensions systems enable ongoing product modification and testing without custom code development and reduce actuarial involvement.

 


 

Product Management Functionality

Exaxe's solutions include a Product Development Application for efficient product management that:

Does not require IT involvement. Exaxe's solutions enable product development staff to use intuitive: rule-sets, tables, and templates to formulate, test and implement new products without custom code development.

Minimises costly actuarial involvement, by automating key tasks such as calculations, configuration and testing.

Ensures more rigorous testing by enabling 1000’s of test cases that can be run simultaneously at the touch of a button. That reduces the risk associated with new product development.

Find out how Exaxe's LifeCycle Plus™ Post Retirement Administration Solution enabled MGM Advantage to bring complex new annuity products to market in just 21 weeks on a new platform by clicking here.


 


Life and Pensions Solutions from Exaxe

Visit out solutions pages for details of Exaxe's front, middle and back office Life and Pensions solutions:

Exaxe's LifeCycle Plus™ is a total post retirement administration solution for accumulation and decumulation product portfolios.

 


Exaxe's Illustrate Plus™ solution caters for all product types, coverages and benefits in respect of both new and existing business.


 

New Products - Success Story


F
ind out how Exaxe's LifeCycle Plus™ Post Retirement Administration Solution enables MGM Advantage to make overnight changes to illustrations and calculations and rapidly lauch new products by clicking here.


 

 

 
 


 

© Exaxe 2010