Finatext Ltd. - InsurTech Innovation Award 2022

1. Finatext Group
{API}
Front-end Infrastructure Database
Partner
User
MISSION
Reinvent Finance
as a Service
Drive DX in the financial industry
by providing cloud-based/API-driven
financial infrastructure

2. DX challenges in the insurance industry
Promote DX by growing
new services
from a small start
The legacy core systems
are too heavy
Aspiration Reality

3. Finatext’s Solution
Insurance-as-a-Service "Inspire"
Policyholder
(individual)
Insurance companies
and agencies
Application
Policy
Policy admin
Underwriting
Claim
Claim mgmt.
Product mgmt.
Database
Policy admin
Policyholder
Expiry mgmt.
Claim mgmt.
Mail Sending Tools
Receiving agent
legacy core
systems
Frontend Infrastructure Admin
External
systems

4. Feature 1
Front-to-end solution for insurance operations
Policyholder
(individual)
Insurance companies
and agencies
Application
Policy
Policy admin
Underwriting
Claim
Claim mgmt.
Product mgmt.
Database
Policy admin
Policyholder
Expiry mgmt.
Claim mgmt.
Mail Sending Tools
Receiving agent
legacy core
systems
Frontend Infrastructure Admin
External
systems

5. Feature 2
SaaS model
Inspire
Policy admin
Claim mgmt.
Underwriting
Application
Product mgmt.

6. Feature 3
high flexibility and expandability