NTA Life Enters into Agreement to Implement EXL LifePRO
November 25, 2013
National Teachers Associates Life Insurance Company (NTA (News - Alert) Life), a major player in providing quality products and service within the insurance industry, has entered into an agreement to implement EXL's policy administration platform, EXL LifePRO.
EXL LifePRO supports a broad range of life, health and annuity products for policy administration.
The platform will be used by NTA Life for new business, agent and commission management, policy administration, billing and collections, claims processing, reinsurance and client management.
"NTA Life needs a platform and provider that can keep up with our growth and development. LifePRO provides us with a tool that optimizes the customer and agent experience and is flexible enough to grow with us," said Brian Ellard, president of NTA Life's affiliated agencies, in a statement.
Ellard said that LifePRO is well established with a strong user community that advises on ongoing product direction.
“We liked that EXL is a market leader with more than 40 customers on the platform, and look forward to a successful implementation," he said.
"EXL is happy to welcome NTA Life into the LifePRO community. NTA Life's decision reinforces that LifePRO remains a cost-effective and comprehensive administration solution for insurers. EXL, as a strategic partner, enables insurers to execute upon their core growth strategies by partnering with a leading technology platform provider," said Keith Johnson, senior vice president and head of EXL's Life and Annuities practice.
Tom Organ, vice president, EXL said that NTA Life wanted a proven policy administration system that supports the entire insurance life-cycle, delivers operational efficiencies and leverages existing technology investments.
Organ said that LifePRO will help NTA Life manage its rapid growth, simplify the IT environment and facilitate excellent service to NTA Life's agents and policy holders.
Earlier in October, EXL, a business process solutions company, had announced the release of EXL’s LifePRO Version 17, a significant technology upgrade to the policy administration system for life, health and annuity insurance.
The new version of LifePRO is a .NET (News - Alert) application that offers more than 50 business and technology enhancements to streamline processing, expand new product functionality and provide more flexible access to data.
LifePRO V17 includes advanced support for group administration, with automated census and payment import capabilities.
Edited by Cassandra Tucker
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