Legal & General, a UK based provider of risk, savings and investment management products, has launched a new and exclusive administration system to serve the group protection market.

The company said that new multi million pound system has been particularly designed with technology from Mastek, the creators of the software.

Elixir, for group protection, is an end to end platform designed with the customer at the forefront and central of the process and provides a fully automated system allowing faster processing, better efficiencies and speed.

Legal & General Group Protection managing director Diane Buckley said the launch of Elixir, for Group Protection opens up new channels for growth and diversification for us.

"We’re experts in this market and we’ve used our expertise to design and build a system that will not only improve and enhance the service we give our customers today, but also give us the ability to respond quickly to the changes, challenges and opportunities that we will encounter in the months and years ahead," Buckley said.