NEWS RELEASE - Exaxe and Equiniti: Dublin, Ireland, 22nd May 2013
Exaxe, a leading solution provider for the global life insurance and pensions industry is proud to announce its new partnership with Equiniti Paymaster, a leading business process outsourcer, providing pension administration, insurance and payment services. The cooperation will support the management of customer engagement throughout the retirement journey, as well as later year wealth management.
In response to a clearly emerging market need, the companies are now offering life insurance and pension clients the ability to support a broad range of financial products including guaranteed and flexible annuities with delivery models covering the full spectrum of software and outsourced operations. The product launch platform provided by the partnership not only will enhance customer engagement, but will deliver significant cost reduction.
The two companies have agreed on an initial two year deal which will allow them to combine the unrivalled expertise in world class annuity administration and leading edge technology. Equiniti Paymaster brings 176 years of payment experience into the partnership and has a proven track record in complex pensions and annuity administration. This experience will be combined with Exaxe’s state of the art annuity quotation and administration solution.
Ralph Tucker, UK Sales Director at Exaxe, commented “This partnership forms part of our strategic vision to become the leading supplier of retirement administration solutions to the global life and pensions industry. We are delighted to have such a strong partner in Equiniti Paymaster with an unparalleled track record in administering large scale pension business. I look forward to seeing our partnership go from strength to strength as we build on our success in this growing sector.”
Robin Morris-Weston, Insurance and Pension Solutions Director commented “Equiniti Paymaster is delighted to have Exaxe on board as a partner. This partnership is in response to market needs in Insurance and Equiniti Paymaster’s proactive commitment to remain the leading independent annuity administrator in the UK. We are excited to be part of delivering these solutions to the market with Exaxe, a clear market leader in insurance technology.”
Notes to editor
Established in 1997, Exaxe (www.exaxe.com) is specialist solution provider that helps life insurance and pensions companies launch new products faster, administer post retirement products more efficiently and respond with greater flexibility to the marketplace.
With headquarters in Ireland and offices in United Kingdom and the Netherlands, Exaxe provides best-in-class solutions in the areas of illustrations, agency and commission management, policy administration, and channel distribution. Its Service Oriented Architecture and component based design has been key to its success.
Exaxe solutions are in use in a wide range of client organisations throughout Europe. Exaxe helps companies, such as; MGM Advantage, Interamerican, Capita, Scottish Mutual, Liberata, Eureko Group and Scottish Widows.
About Equiniti Paymaster
Equiniti Paymaster is a leader in business process services providing pension administration, insurance and payment services to more than 750 schemes and 3 million members in major public and private sector organisations. Equiniti Paymaster makes payments totaling over £13 billion per annum to pensioners, dependants and annuitants in over 180 countries worldwide.
Equiniti’s pension solutions division provides software and services to a total 7.3 million members in the UK and has won industry awards in every year for the last decade, including in 2012 for Pension Technology at the UK Pension Awards and for Best Pension Administration Software at the Pension and Investment Provider Awards. www.equinitipaymaster.com
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