Life and pensions industry SaaS provider Exaxe has won a five-year contract with Aviva will see the insurer consolidating several legacy illustration and quotation systems on the Illustrate Plus platform.
Illustrate Plus is a Web-based illustrations and quotations solution that supports new and existing business across all products for life, pensions, wealth management, group and individual business.
Derek Aherne, chief operating officer, Aviva, said: “As the leading insurer in Ireland, we needed a best of breed approach to our illustrations and we found that both in the strength of the Illustrate Plus solution and Exaxe’s expertise. Illustrate Plus will be implemented within Aviva as a support tool for valuation and business processing for our Traditional with Profit (TWP) and hybrid products. Through implementing Illustrate Plus and using its processing capability, we can provide an even higher quality of service to our customers.”
Exaxe executive business development director Philip Naughton, said: “We are proud to say Exaxe’s solutions power some of the most innovative and dynamic life and pension providers in the UK and Ireland, now including Aviva. We are delighted to win this contract with a multinational insurance company like Aviva. Illustrate Plus will be integrated within the Aviva operating environment. Illustrate Plus will give Aviva a distinct advantage over its competitors.”
The implementation is expected to take 16 weeks.
FOunded in 1997, Exaxe solutions are in use in a wide range of client organisations throughout Europe including AXA Life Invest, Police Mutual, Retirement Advantage, Capita, Scottish Mutual, and the Eureko Group.
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