EXL announces acquisition of LISS Systems Limited

Q.  EXL announced acquisition of which London based insurance solutions provider?
- Published on 08 Jul 16

a. LISS
b. MISS
c. DISS
d. TISS

ANSWER: LISS
 
EXL announced the acquisition of LISS Systems Limited, a London based insurance solution provider
  • This is applicable in both life and pensions as well as general insurance sectors
  • LISS automates end to end business process ranging from quotes to underwriting to policy issuance
  • Customers prefer using digital channels to purchase insurance requiring new business models to deliver superior customer experience
  • LISS’s flagship LISSIA platform includes multi channel interfaces, underwriting, workflow engines and document production modules to automate new policy issuance and simplify policy administration
  • LISSIA platform is used for traditional and unit linked and investment products
  • Launched in 2002, LISSIA supports installation of more than 1 million policies and supports insurers like AIG and Aviva

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