Celent Recognizes Mastek's ElixirAsia Policy Administration System

Celent, a research and consulting firm focused on the application of information technology in the global financial services industry, has recognized Mastek's ElixirAsia Policy Administration System and has well rated it on Advanced Technology in its latest “Asian Policy Administration Systems 2009 - Life and Pensions ABCD Vendor View” report.

IT solutions vendor Mastek Ltd. is a provider of IP-led enterprise technology solutions to insurance, government, and financial services organizations worldwide. Elixir Asia is an enterprise platform for fast-growing insurance carriers that empowers them with robust technology and allows to rapidly accelerate products, markets and producers.

“ElixirAsia's recent success on the market is not a surprise, considering its level of functionality and Mastek's expertise and experience in the insurance industry,” said Wenli Yuan, senior analyst, Asia Research Group, Celent, in the report.

Reference customers had positive comments about professional services from Mastek. As per the feedback from customers, the attributes like responsiveness, project management, implementation completed on budget and on time and overall project success were ranked as 'Good'. Clients thought the best thing about the solution was the support for workflow and its comprehensive modules.

“ElixirAsia equips the well established insurance carriers as well as the new entrants in the industry with a strategic system that is essential to grow their businesses aggressively,” said Vilas Kanyal, head - Asia-Pacific at Mastek. “It has been built specifically for the Asian Insurance market on the latest technology, which will give the carriers the necessary flexibility to launch new products and go to market quickly instead of being tied down by limitations of legacy-based systems.”

Headquartered in India, Mastek has offices across North America, Europe and Asia Pacific regions. Mastek has over 17 years of insurance experience with over 100 insurance customers globally.

“At Mastek, we have consistently demonstrated our capability to understand and address insurance sector requirements across global markets,” said Tom Rogerson, head of Insurance Product Organization at Mastek. “Our product ElixirAsia's rankings in the Celent Report validate the same. Feedback from our customers stands testimony to our constant endeavour to provide customers across the globe with high value propositions.”

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