We are creating a new ecosystem-based suite of digital insurance products. Insurance in the cloud, on mobile, integrated with payment and banking apps - Lexasure puts products your customers want in the palm of their hands.
Our digital insurance products are available for white-labelling, so insurers can quickly deploy them at a fraction of the time and cost.
Equipped with features such as e-KYC (know your customer), our products provide users with a digital insurance experience that simplifies the onboarding process for new clients, reduces friction, and gets them generating revenue faster.
All our digital insurance products will be integrated with the LexasureCloud platform so insurers can manage their digital insurance products and policies on one secure system.
Today’s insurance consumer is well-versed in digital adoption. She expects products and services to leverage artificial intelligence and be personalized in a convenient mobile app. She has little patience for filling out complex paperwork, scanning forms, and waiting for quotes and responses. Fail to satisfy her desire for convenience, and she will go elsewhere.
The insurance sector must keep up with ever-evolving customer needs to drive user adoption of automation and self-service and deepen engagement by employing digital technology and data-driven approaches.
Lexasure is a global digital insurance company and digital adoption platform with a growing ecosystem-based suite of digital insurance products. We provide insurers with the tools to incentivize digital adoption and rapidly develop new products to meet the needs of local customers. We are driving the successful digital transformation of the insurance and reinsurance industries with scalable and innovative products that meet the local needs of companies and people in fast-growing Asian markets.
Digital insurance is an umbrella term encompassing new technologies that will change the way nearly every carrier operates. Every modern insurance company must adopt a tech-first business model to sell and manage insurance policies and have a digital insurance arm in addition to traditional insurance practices.
Using historical and post-loss-event data, our primary insurance clients can calculate the extent of risk exposure, customize pricing around various parameters, and simplify the policy renewal process.
With accurate and verified data, the insurer can settle claims quickly and with the knowledge that the risk of fraud is dramatically reduced. Artificial intelligence and predictive analytics are used to spot trends in customer behavior that might be a red flag for fraud.
Regular deep data collection via mobile apps and IoT devices builds up historical and trending data for deep insights. Where applicable, mandated or standard insurance assessments can be replaced or guided by data entry.
Insured parties can report losses due to weather or other insured risk events. Reports are validated by Insurer using external weather data and an automated index-insurance platform.
Real-time photo and timestamp following Loss Event to ensure maximum accuracy and transparency.
After submission, users can easily track the progress of their claims and manage them through payment collection.
Digital insurers are now fully aware that the digital transformation of the insurance industry is well underway.
Live chat, customer self-service portals, and online claims filing are all made possible by digital insurance applications and technologies like artificial intelligence and the internet of things, which grow and expand at an ever-increasing rate.
Lexasure helps our clients to digitize the entire insurance value chain, including product management and development, sales and distribution, policy underwriting, renewals, claims, payments, and customer service.
Our platform empowers your team to focus on the customer experience while reducing the labor intensity of routine tasks. Our applications leverage machine learning, robotic process automation, and lower-cost chatbots—our comprehensive tech stack leveraged cloud computing to reduce barriers to small business technology adoption.
Based on our insurance-as-a-service (IaaS) model, converting to a digital operation does not require hiring developers, IT professionals, or outside experts in digital transformation initiatives.
Speak to our team of digital insurance experts today.CONTACT US