IXT is a modern core insurance platform designed to empower insurers, intermediaries, and digital platforms by accelerating product launches, enhancing operational efficiency, and delivering superior customer experiences. Leveraging advanced technology and industry expertise, IXT enables rapid deployment of innovative insurance products, streamlines policy management, and facilitates seamless integration with partners.
Key Features and Functionality:
- No-Code Product Configuration: Quickly set up new insurance products using built-in templates and attribute libraries, minimizing the need for extensive IT resources.
- Robust Rule Engines: Automate underwriting and pricing processes by defining customized logic or uploading rule templates, enhancing operational efficiency.
- Customizable APIs: Facilitate seamless integration with distribution channels by customizing product attributes and converting them into APIs for quotation and underwriting purposes.
- Advanced Benefits Configuration: Support complex product structures with multi-layer benefits, coverage options, and flexible payment terms to meet diverse customer needs.
- Product Lifecycle Management: Manage the entire product lifecycle with version control, enabling quick iterations and updates to stay competitive in the market.
- Internationalization: Support multi-market operations with features accommodating various currencies and localized requirements, facilitating global expansion.
Primary Value and Solutions Provided:
IXT addresses critical challenges in the insurance industry by enabling rapid product development, reducing time-to-market, and enhancing operational agility. Its scalable and secure platform automates workflows, streamlines policy management, and integrates seamlessly with partners, resulting in lower total cost of ownership and improved return on investment. By leveraging IXT, insurers can quickly adapt to market changes, offer personalized customer experiences, and unlock new revenue streams through embedded insurance solutions.
