Exaxe, the specialist SaaS solutions provider for the life and pensions industry, is delighted to announce that it has won a new contract with Aviva, the leading composite insurer for life, pensions, general and health insurance products.
This contract will see the insurer consolidating several legacy illustration and quotation systems on the Illustrate Plus platform to support in force illustrations and servicing requirements. When implemented, Illustrate Plus will deliver significant service improvements and cost savings to Aviva. Illustrate Plus is a highly flexible, web-based illustrations and quotations solution< that supports new and existing business across all products for life, pensions, wealth management, group and individual business.
The renewable five year licence agreement with Aviva follows a year of record breaking sales for Exaxe which included winning the Irish Pensions Award for Pensions Technology Provider of the year.
Derek Aherne, Chief Operating Officer of Aviva commented, “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. We are excited to build our relationship with Exaxe.”
Philip Naughton, Exaxe’s Executive Business Development Director added, “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 will take about 16 weeks.”