EXL acknowledged as ‘Luminary’ in Celent New Enterprise and
New Business

EXL acknowledged as ‘Luminary’ in Celent New Enterprise and

NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a number one information analytics and digital operations and options firm, introduced it has been acknowledged as a “Luminary” within the Celent New Enterprise and Underwriting Techniques: International Life Insurance coverage Version report. Incomes a luminary ranking in Celent’s bi-annual analysis of recent enterprise and underwriting options exterior of North America, EXL’s Life Digital Suite excels on each superior expertise and breadth of performance, in response to the report.

The Celent report evaluated 15 totally different expertise platforms supporting the automation and digitization of the brand new enterprise and underwriting processes to decrease working prices and enhance the client expertise. Targeted on new enterprise and underwriting techniques presently provided in Europe, the Center East, and Africa, Latin America, and Asia Pacific areas, the Celent analysis relies on detailed evaluation of product choices and capabilities together with consumer references and surveys.

“An ideal storm of a pandemic, a unstable financial local weather, and strained profitability has pressured life insurers to seek out methods to streamline and automate their new enterprise and underwriting techniques with out compromising on buyer expertise,” stated Karen Monks, senior insurance coverage analyst, Celent. “Information-driven, automated underwriting can have a big impression on digital transformation within the life insurance coverage business. The EXL platform’s expertise and performance stands out for its ease of use, trendy look, and talent to assist direct-to-consumer or in-house underwriting, which is essential to digital transformation in life insurance coverage distribution.”

EXL’s Life Digital Suite is a complete digital platform that automates your complete new enterprise and underwriting course of from receipt of insurance coverage utility via coverage challenge. Absolutely interoperable with current consumer applied sciences and pricing techniques, the cloud-based resolution is constructed a with easy no code configuration and contains pre-built product templates supporting absolutely personalized agent touchdown and quote pages, personalised quotes and detailed administration dashboards.

“Our data-led method to digital transformation is exclusive within the life insurance coverage business. We take note of the intricacies of our clients’ companies, and we’ve designed options that add efficiencies at each step within the course of, whereas enhancing the end-customer expertise,” stated Anand Logani, senior vp and head of EXL’s Life and Annuity enterprise. “We’re pleased with this recognition by Celent. It underscores our deep understanding of our clients’ workflows and their particular ache factors and showcases how we’re creating expertise to beat these challenges.”

To learn extra concerning the report and to see how EXL compares to its competitors, go to right here. For extra info on EXL’s Life Digital Suite, click on right here.

About EXL
EXL (NASDAQ: EXLS) is a number one information analytics and digital operations and options firm that companions with purchasers to enhance enterprise outcomes and unlock development. By bringing collectively deep area experience with strong information, highly effective analytics, cloud, synthetic intelligence (“AI”) and machine studying (“ML”), we create agile, scalable options and execute complicated operations for the world’s main firms in industries together with insurance coverage, healthcare, banking and monetary companies, media, and retail, amongst others. Targeted on driving sooner decision-making and reworking working fashions, EXL was based on the core values of innovation, collaboration, excellence, integrity and respect. Headquartered in New York, our group is over 43,100 sturdy, with greater than 50 places of work spanning six continents. For extra info, go to www.exlservice.com.

Cautionary Assertion Concerning Ahead-Trying Statements

This press launch comprises forward-looking statements. You shouldn’t place undue reliance on these statements as a result of they’re topic to quite a few uncertainties and elements referring to EXL’s operations and enterprise atmosphere, all of that are troublesome to foretell and plenty of of that are past EXL’s management. Ahead-looking statements embrace info regarding EXL’s potential or assumed future outcomes of operations, together with descriptions of its enterprise technique. These statements could embrace phrases resembling “could,” “will,” “ought to,” “imagine,” “count on,” “anticipate,” “intend,” “plan,” “estimate” or comparable expressions. These statements are primarily based on assumptions that now we have made in gentle of administration’s expertise within the business in addition to its perceptions of historic traits, present situations, anticipated future developments and different elements it believes are acceptable below the circumstances. It is best to perceive that these statements usually are not ensures of efficiency or outcomes. They contain recognized and unknown dangers, uncertainties and assumptions. Though EXL believes that these forward-looking statements are primarily based on cheap assumptions, you have to be conscious that many elements may have an effect on EXL’s precise monetary outcomes or outcomes of operations and will trigger precise outcomes to vary materially from these within the forward-looking statements. These elements, which embrace our capability to efficiently shut and combine strategic acquisitions, our capability to answer and handle public well being crises, together with the outbreak and continued results of COVID-19 pandemic, are mentioned in additional element in EXL’s filings with the Securities and Trade Fee, together with EXL’s Quarterly Report on Kind 10-Q and Annual Report on Kind 10-Okay. These dangers may trigger precise outcomes to vary materially from these implied by forward-looking statements on this launch. It is best to remember the fact that any forward-looking assertion made herein, or elsewhere, speaks solely as of the date on which it’s made. New dangers and uncertainties come up occasionally, and it’s unattainable to foretell these occasions or how they might have an effect on EXL. EXL has no obligation to replace any forward-looking statements after the date hereof, besides as required by federal securities legal guidelines.

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