Mastek Limited

IT-7 SDF-7, SEEPZ, ANDHERI (E)
Mumbai, Maharashtra 400096 India

Solution Name

Elixir

Solution Summary

Elixir, the only component-based enterprise platform for life and annuity companies, enables your organization to stay ahead of the technology curve – and the competition. Elixir’s enterprise design and component-based architecture delivers the agility you need to succeed in a dynamic Insurance landscape, while seamlessly integrating with existing systems. Insurance carriers across the globe are choosing Elixir owing to its Service Oriented Architecture (‘SOA’) enabled architecture, its use of industry standards such as XML, and its ability to seamlessly connect with a carriers existing software landscape. No wonder 8 of the top twenty global insurance carriers have chosen Elixir to help them with speed to market, capture market share and to cut costs.

Solution Profile

Elixir: Insurance Enterprise Platform that gives you agility for growth
 

 

Mastek offers Elixir, a software Platform designed exclusively for Life & Annuity Insurance carriers to simplify IT platforms and streamline business processes.

 

Insurance carriers across the globe are choosing Elixir owing to its Service Oriented Architecture (‘SOA’) enabled architecture, its use of industry standards such as XML, and its ability to seamlessly connect with a carriers existing software landscape. No wonder 8 of the top twenty global insurance carriers have chosen Elixir to help them with speed to market, capture market share and to cut costs.

 

Highly configurable, with a powerful business rules engine and workflow, Elixir adapts easily to a carriers changing business needs.  Elixir’s ease of use allows carriers to take a lead role in launching new products.   Elixir is proven scalable to handle hundreds of concurrent users and millions of policies and contracts.

 

The latest release - Elixir Enterprise Platform version 4.0, is the insurance industry's only fully integrated SOA based platform that supports the complete policy life cycle.

 

Available as an end to end solution or as components parts, Elixir delivers on its promise of fast configuration and easy integration with other systems.  Elixir enables rapid deployment of new life and annuity products and supporting straight-through processing.

 

By leveraging our deep understanding of the insurance industry and our globally proven technical expertise, Mastek delivers on its promise of helping you achieve superior business and IT benefits.

 

Over the last twelve years, Mastek and Oracle have partnered to deliver oracle-based solutions to the global insurance industry. The Elixir suite runs on a suite of oracle products including the Internet Application Server, Oracle database server, BPEL process manage amongst other applications and tools.  Mastek has over 500 oracle technology consultants within its insurance line of business. Harnessing the power of Oracle applications and tools, our enterprise design and component based architecture delivers agility while seamlessly integrating with existing systems.

 

Distinguishing Features


–Single integrated platform for all product lines (traditional, investment, retirement and health) and channels (captive, broker dealer, banks, advisors, etc) –Separate business rules engine and common calculation engine empower your business users to configure the system with minimal dependence on IT –Single customer view through our customer-centric design hides the integration complexities from users – The integrated business intelligence component helps you stay on top of activities with flexible data analysis and mining options –Design focus on flexibility makes you nimbler and reduces time and effort for implementing changes –Provides you a complete solution for your business needs instead of a point solution or a product – Enriched by valuable feedback and best practices gained from its broad global installation base – Web-enabled J2EE-based design future proofs your system

Solution Name

Elixir

Solution Availability

India

Company Size Solution is Targeting

> 1500

Open Source Solutions

No

About Mastek Limited

Mastek: Your Trusted Partner for Oracle Cloud Transformation

 

Mastek is an award-winning, globally recognized Oracle Partner, specializing in multi-pillar excellence across Oracle Cloud ERP, EPM, HCM, SCM, CX, and OCI. With nearly two decades of Oracle partnership, we have successfully served 1,500+ Oracle Cloud customers across 40+ countries, delivering seamless cloud transformation and continuous innovation.

We unlock the power of AI, ML, IoT, and Analytics to maximize the benefits of cloud migration and digital transformation. Known for our expertise in solving complex multi-pillar, multi-country, and multi-business challenges, we ensure that your Oracle Cloud journey drives measurable business value.

Our proprietary assets—including ADOPT.AI, our AI-powered implementation methodology, and Glide, our accelerator for seamless on-premises-to-cloud migration—help organizations accelerate transformation, optimize processes, and deliver tangible outcomes through value-based analytics.

With Mastek, you don’t just migrate to the cloud—you achieve real business excellence.

 

 

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