EXL released LifePRO v. 17, the most recent iteration of the company’s policy administration system for life, health and annuity insurance. This latest version of LifePRO is a .NET application offering more than 50 business and technology enhancements to streamline processing, expand new product functionality and offer access to data; it includes support for group administration with automated census and payment import capabilities.
It includes expanded support for LifePRO's life and annuity claim calculation capabilities, including the ability to assign an overall claim record and number and to pay beneficiaries at separate times, the company said. The enhanced claim feature also supports payment of legal, medical and other fees, and configuration of state interest tables for interest on death-benefit proceeds.
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