EXL recognized as ‘Luminary’ in Celent New Business and Underwriting Systems: Global Life Insurance Edition report
18 January 2023 - 12:32AM
EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, announced it has been recognized as a
“Luminary” in the Celent New Business and Underwriting Systems:
Global Life Insurance Edition report. Earning a luminary rating in
Celent’s bi-annual evaluation of new business and underwriting
solutions outside of North America, EXL’s Life Digital Suite excels
on both advanced technology and breadth of functionality, according
to the report.
The Celent report evaluated 15 different technology platforms
supporting the automation and digitization of the new business and
underwriting processes to lower operating costs and improve the
customer experience. Focused on new business and underwriting
systems currently offered in Europe, the Middle East, and Africa,
Latin America, and Asia Pacific regions, the Celent evaluation is
based on detailed analysis of product offerings and capabilities
along with client references and surveys.
“A perfect storm of a pandemic, a volatile economic climate, and
strained profitability has forced life insurers to find ways to
streamline and automate their new business and underwriting systems
without compromising on customer experience,” said Karen Monks,
senior insurance analyst, Celent. “Data-driven, automated
underwriting can have a large impact on digital transformation in
the life insurance industry. The EXL platform’s technology and
functionality stands out for its ease of use, modern look, and
ability to support direct-to-consumer or in-house underwriting,
which is key to digital transformation in life insurance
distribution.”
EXL’s Life Digital Suite is a comprehensive digital platform
that automates the entire new business and underwriting process
from receipt of insurance application through policy issue. Fully
interoperable with existing client technologies and pricing
systems, the cloud-based solution is built a with simple no code
configuration and includes pre-built product templates supporting
fully customized agent landing and quote pages, personalized quotes
and detailed management dashboards.
“Our data-led approach to digital transformation is unique in
the life insurance industry. We take into account the intricacies
of our customers’ businesses, and we’ve designed solutions that add
efficiencies at every step in the process, while improving the
end-customer experience,” said Anand Logani, senior vice president
and head of EXL’s Life and Annuity business. “We’re proud of this
recognition by Celent. It underscores our deep understanding of our
customers’ workflows and their specific pain points and showcases
how we’re developing technology to overcome those challenges.”
To read more about the report and to see how EXL compares to its
competition, visit here. For more information on EXL’s Life
Digital Suite, click here.
About EXLEXL (NASDAQ: EXLS) is a leading data
analytics and digital operations and solutions company that
partners with clients to improve business outcomes and unlock
growth. By bringing together deep domain expertise with robust
data, powerful analytics, cloud, artificial intelligence (“AI”) and
machine learning (“ML”), we create agile, scalable solutions and
execute complex operations for the world’s leading corporations in
industries including insurance, healthcare, banking and financial
services, media, and retail, among others. Focused on driving
faster decision-making and transforming operating models, EXL was
founded on the core values of innovation, collaboration,
excellence, integrity and respect. Headquartered in New York, our
team is over 43,100 strong, with more than 50 offices spanning six
continents. For more information,
visit www.exlservice.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements. You
should not place undue reliance on those statements because they
are subject to numerous uncertainties and factors relating to EXL's
operations and business environment, all of which are difficult to
predict and many of which are beyond EXL’s control. Forward-looking
statements include information concerning EXL’s possible or assumed
future results of operations, including descriptions of its
business strategy. These statements may include words such as
“may,” “will,” “should,” “believe,” “expect,” “anticipate,”
“intend,” “plan,” “estimate” or similar expressions. These
statements are based on assumptions that we have made in light of
management's experience in the industry as well as its perceptions
of historical trends, current conditions, expected future
developments and other factors it believes are appropriate under
the circumstances. You should understand that these statements are
not guarantees of performance or results. They involve known and
unknown risks, uncertainties and assumptions. Although EXL believes
that these forward-looking statements are based on reasonable
assumptions, you should be aware that many factors could affect
EXL’s actual financial results or results of operations and could
cause actual results to differ materially from those in the
forward-looking statements. These factors, which include our
ability to successfully close and integrate strategic acquisitions,
our ability to respond to and manage public health crises,
including the outbreak and continued effects of COVID-19 pandemic,
are discussed in more detail in EXL’s filings with
the Securities and Exchange Commission, including EXL’s
Quarterly Report on Form 10-Q and Annual Report on Form 10-K. These
risks could cause actual results to differ materially from those
implied by forward-looking statements in this release. You should
keep in mind that any forward-looking statement made herein, or
elsewhere, speaks only as of the date on which it is made. New
risks and uncertainties come up from time to time, and it is
impossible to predict these events or how they may affect EXL. EXL
has no obligation to update any forward-looking statements after
the date hereof, except as required by federal securities laws.
© 2023 ExlService Holdings, Inc. All rights reserved.
For more information go
to www.exlservice.com/legal-disclaimer
ContactsMedia Keith
LittleSenior Manager, Media Relations+1 703-598-0980
keith.little@exlservice.com
Investor RelationsJohn Kristoff+1 212 209
4613IR@exlservice.com
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