Finatext Launches "Inspire Select" to Streamline Insurance Digitalization

Finatext, a member of the Finatext Group providing next-generation financial infrastructure, has introduced "Inspire Select," a new service that allows standalone implementation of core features from its SaaS-based digital insurance system "Inspire." This service enables insurance businesses to selectively integrate only the necessary features of "Inspire" into their existing systems, making the digitalization process cost-effective and efficient.

"Inspire Select" offers four main features: insurance premium estimation, application reception and underwriting, policy maintenance (including user portals and updates), and claims reception and processing. By focusing on individual processes, this flexibility avoids the need for extensive system overhauls and allows specific operations to be optimized quickly. The modular approach minimizes disruptions to ongoing workflows, facilitating smoother transitions to digital platforms and improving operational efficiency.

As the insurance industry faces challenges like cost reduction, regulatory compliance, and enhanced operational transparency, Finatext’s "Inspire," launched in 2020, has been widely adopted by insurance companies. By addressing focused needs, "Inspire Select" expands its accessibility, offering tailored solutions for a broader range of insurance businesses.

With this new service, Finatext aims to further support the insurance sector's digital transformation, enhancing operational efficiency and customer experiences.

source : https://www.xpley.com/ja/news/news60