Reinsurance firm Lexasure Monetary Group has launched Atlas, a B2B danger administration portal for common reinsurance.
The brand new portal is being launched on Lexasure’s cloud-driven business-to-business-to-consumer (B2B2C) platform, the LexasureCloud 1.0.
Supposed to function a single level of contact for insurance coverage companions, Atlas will assist firms in enhancing turnaround instances for claims processing.
It should additionally supply a lead administration device for consumer capturing, monitoring, distribution, and retention.
Lexasure CEO Ian Lim mentioned: “We’re thrilled to introduce Atlas, the first-of-its-kind reinsurance-focused platform designed to amplify enterprise progress and profitability.
“2024 is anticipated to be a yr of progress and transformation for the corporate. We are going to proceed to grasp our digital technique by finishing the migration of our portfolio’s roughly 200 companion brokers and insurers and absolutely implementing the platform’s expanded capabilities.”
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Lexasure estimates $30m to $50m of present premiums to stream by means of Atlas as companions are upgraded to the brand new system.
In 2024, roughly 10,000 insurance policies are anticipated to be onboarded.
The insurer mentioned that Atlas would supply companions and insurers with entry to progress alternatives by means of its B2B core platform modules on LexasureCloud.
These modules cowl reinsurance-as-a-service, coverage administration, claims administration, knowledge and analytics, and monetary capital administration.
The Atlas platform was unveiled on the Singapore Worldwide Reinsurance Convention, which is being held from 30 October to 2 November 2023 in Singapore.
Lexasure is planning to launch Atlas to incorporate automation capabilities for onboarding, credit score management processing, underwriting, and treaty agreements with built-in claims dealing with and customised dashboards for companions.