EXL’s LDS platform recognized as ‘Luminary’ in Celent New Business and Underwriting Systems: North America Life Insurance Edition report

Core Insights - EXL has been recognized as a Luminary in the Celent New Business and Underwriting Systems report for the third consecutive year, highlighting its innovative Life Digital Suite™ (LDS) solution [1][2] - The Celent report evaluated 20 technology platforms aimed at automating and digitizing new business and underwriting processes in North America, focusing on cost reduction and improved customer experience [3] Company Overview - EXL is a global data and AI company that provides services to transform business models and drive growth across various industries, including insurance, healthcare, and banking [6] - Founded in 1999, EXL is headquartered in New York and employs approximately 57,000 people globally [6] Product Features - EXL's LDS is a low-code, highly configurable platform that automates the entire new business and underwriting process, from application receipt to policy issuance [4] - The platform includes features such as pre-built product templates, personalized quotes, and management dashboards, making it interoperable with existing client technologies [4] Market Position - The life insurance industry is increasingly favoring fast decision-making and efficient workflows, which EXL's AI-enhanced processes support [5] - EXL's continued investment in its products, such as the Underwriter Assist tool utilizing GenAI, positions it as a strong contender in the market [4][5]