Grow up with Illustrate Plus!
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intelligent solutions for life & pensions
Introducing Illustrate Plus... Illustrate Plus is a highly flexible, scalable, web-based illustrations and quotations solution that supports new and existing business across all products for life, pensions, wealth management, group and individual business. Products can be dynamically built, modified, updated and changed through the Product Development Application (PDA). This dramatically reduces time to market for new products and new product variations. Illustrate Plus is RDR (Retail Distribution Review) & FoFA (Future of Financial Advisers) compliant and it supports Straight Through Processing (STP).
Example of the annual savings achieved by implementing Illustrate Plus! Product Line Post-retirement products Pre-retirement products Protection products Life products Totals
Actuarial
IT
£200,000 £233,333 £200,000 £400,000 £1,033,333
£72,000 £84,000 £81,000 £108,000 £345,000
Illustrative business case - annual savings by product line* CSD Totals £120,000 £105,000 £105,000 £280,000 £610,000
£392,000 p.a. £422,333 p.a. £386,000 p.a. £788,000 p.a. £1,988,333 p.a.
*Based on a portfolio of 2 million policies implementation on Illustrate Plus.
Illustrate Plus Features
Illustrate Plus Benefits
Illustrate Plus is a flexible illustrations and quotations solution driven by variable and configurable parameters. These parameters can be used to define new or modify existing variations. Parameters are stored and structured in the Product Development Application (PDA) database, which is connected to the calculation engine that can be configured and maintained manually.
Illustrate Plus supports web enabled quotations and illustrations for new and existing business by financial advisors, customer services staff or by the customer on a self service basis. Online underwriting can also be facilitated either through the inclusion of basic underwriting within the quotations calculations or through interfacing to other external specialist online underwriting solutions.
Illustrate Plus automatically produces specifications of the defined product set which are user configurable through the PDA.
Benefits of Illustrate Plus include… Increases speed to market by configuring new products using the Product Development Application for new products (PDA)
Features of Illustrate plus include…
Removes dependence Product Development Application Graphical User Interface Product Component Libraries Touchstone Plus (Test management and execution utility) Calculation Engine (4,500+ calculations) Service Manager & Service Interfaces Deal Management facilities Document Manager Service Oriented Architescture (SOA) compliant
www.exaxe.com
Improves customer service Ensures faster delivery Delivers cost savings and process efficiencies Ease of integration Innovation Shorter testing times
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on old technologies faster turnaround, reduced errors, improved data quality across multiple channels with minimal risk and investment reduce transaction costs and increase process efficiencies by reducing manual processes and duplicate data entry through its open architecture and web serviced integration points supports product and business innovation through scale, ease of implementation, automation and lower cost of ownership achieved through Touchstone Plus, a test manager and execution utility: over 6,000 test cases shipped
T: +353 (0) 1 299100 E: info@exaxe.com W: www.exaxe.com
: @Exaxe