EXL Achieves Top Ranking in Life Insurance Tech Evaluation
EXL Achieves Top Ranking in Life Insurance Tech Evaluation
EXL, a recognized leader in the realm of data and AI, has recently been distinguished by Everest Group for its exemplary performance and innovative offerings in the group life insurance and benefits technology sector. This acknowledgment comes as part of the Group Life Insurance and Benefits Core Technology Products PEAK Matrix Assessment, highlighting EXL's impressive capabilities within the industry.
A Comprehensive Evaluation
Everest Group analyzed 15 top-tier providers specializing in life insurance technology, assessing their delivery of significant elements like cloud-native infrastructure and sophisticated analytics. What sets EXL apart is its thorough understanding of the unique challenges present in group life and benefits management, a trait that has garnered them the prestigious Leader and Star Performer status in the assessment.
Strength in Innovation
One of the standout features of EXL's service provision is its extensive library of AI and automation tools specifically designed for group life insurance operations. These tools empower clients to modernize large-scale systems with valuable, data-driven insights. According to Vigitesh Tewary from Everest Group, EXL's integrated technology and operations model, particularly on the LifePRO™ platform, is a game changer for group insurance administration.
Furthermore, proprietary solutions such as MedConnection™ enhance workflow processing and improve case management efficiency. With modular functions across policy administration and claims servicing, EXL meets the needs of carriers that operate across hybrid and multi-vendor environments.
Supporting Digital Transformation
The landscape of the North American group life insurance market is evolving, driven by a swift digital transformation. As clients increasingly seek tools to enhance their operational capabilities—covering everything from quoting to underwriting and payout management—EXL’s offerings position them as key enablers in this transformation. Vivek Jetley, president at EXL, expressed pride in the firm's accomplishments and a commitment to empower clients in delivering tailored group life services.
Embracing the Future
The commitment to continuous improvement and innovation is deeply embedded within EXL’s core operations. The recognition from Everest Group is not merely an accolade; it signifies the firm's dedication to meeting client demands and staying ahead in the rapidly evolving insurance technology sector. By harnessing the power of advanced analytics and automation, EXL is set to fuel enhanced decision-making processes and operational efficiencies.
About EXL
Founded in 1999, EXL (NASDAQ: EXLS) has consistently focused on innovating within the data and AI space. The company prides itself on its deep industry knowledge spanning various sectors, including insurance, healthcare, and capital markets. With a workforce of approximately 60,000 employees across six continents, EXL remains committed to driving rapid growth and delivering value to its clients.
Frequently Asked Questions
What recognition did EXL receive recently?
EXL was recognized as a Leader and Star Performer by Everest Group in its Group Life Insurance and Benefits Core Technology Products PEAK Matrix Assessment.
What factors contributed to EXL's recognition?
The recognition stemmed from EXL's deep domain expertise, automation and AI tools, and its ability to modernize platforms through analytic-driven insights.
Who evaluated the technology providers in this assessment?
The evaluation was conducted by the Everest Group, which analyzed various leading providers in life insurance technology.
How many employees does EXL have?
EXL has approximately 60,000 employees functioning across six continents globally.
What is EXL's core mission?
EXL aims to reinvent business models through the power of data and AI, driving better outcomes for its clients across multiple industries.
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