ExlService Holdings, Inc., a provider of outsourcing and transformation services, announced the release of EXL's LifePRO Version 16, a technology upgrade to the administration system for life, health and annuity insurance.
The new version of LifePRO brings 47 business enhancements that offer a variety of new administration and product features, including advanced support for annuities with living benefits, enhanced required minimum distribution) calculation capabilities, and improved support for long term care, dental, vision and hearing claim adjudication.
LifePRO Version 16 offers role-based data masking and database encryption of sensitive customer information, incorporates performance enhancements that further increase scalability and includes new APIs for in-force policy re-projections, death claim quotes, surrender quotes and health policy re-quotes.
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