Exigen Insurance Solutions, a provider of core systems and business transformation to insurers, had launched Exigen Suite for Group Benefits, a single core systems solution for group and worksite insurance.
The new solution has been designed to bridge the technology gaps in the market and to allow business growth, reduce operational costs and improve customer service.
Capable of providing unparalleled flexibility to manage product offerings and distribution across a wide spectrum of the market, the solution offers plan management for group and worksite products that have all classes of participant and billing options from non-contributory to voluntary.
Novarica insurance practice managing director Chad Hersh said, "As a modern, configurable system based on open standards, Exigen brings a new option into an underserved market."
Exigen Suite for Group Benefits features a single multi-line platform for group and worksite insurance to reduce cost and provides greater control of distribution as well as a single view of the customer to improve service and increase cross-sell opportunities.
Additional features include simplified eligibility and enrollment that saves time and increases accuracy, flexible billing as a strategy to improve customer relationships and full real-time self-service for participants, brokers and sponsors.