Support for Usage-Based Insurance and Telematics allow Carriers, MGAs/MGUs, Program Managers, and Wholesalers to access new market opportunities.
Brea, Calif., May 23, 2017 – Today, XDimensional Technologies announced the XD Insurance Processing PlatformTM now supports Usage-Based Insurance (UBI) and Telematics, which expands market access and opportunities for its customers across all classes of insurance. Rather than a fixed term length, Usage-Based Insurance offers a pay-as-you-go model, or a per-event charge. In addition, Telematics delivers comprehensive usage data that characterizes the operations and conditions used for risk reduction and pricing.
Rodney Gist, CEO states, “The XD Insurance Processing Platform and its distribution capabilities are currently benefitting the insurance value chain for Carriers, MGAs/MGUs, Program Managers, and Wholesalers, by creating comprehensive business solutions that deliver insurance programs to market quickly, simplify product distribution, accelerate enterprise growth, and improve profitability.”
“Now, with our platform’s support for Usage-Based Insurance (UBI) and Telematics, insurers can provide access and new approaches to markets such as auto, trucking, shipping, pop-up stores, 1099-based businesses, aviation, unmanned aerial vehicles, and more. Many segments of these markets which were previously inaccessible due to high friction costs and prohibitive terms, are now both accessible and profitable.”
The XD Insurance Processing Platform’s foundational capabilities include:
- Multi-Channel Automated Submissions
- Rules-based Underwriting, Rating, Quoting, and Policy Issuance
- Document Management, Reporting
- Full Policy Lifecycle Servicing
- Full General Ledger Accounting, Billing, and Commissioning
- Reporting and Analytics
- CRM and ARM (agency relationship management) for Wholesale Distribution
- 24/7 Insured and Retail Agent Access Portals
Organizations should visit www.xdti.com, or contact XDimensional Sales, to learn more about the The XD Insurance Processing Platform.
About XDimensional Technologies, Inc.
XDimensional Technologies®, Inc. (www.xdti.com) based in Brea, CA, develops and markets comprehensive insurance processing and distribution solutions, that empower and connect agents, brokers, wholesalers, MGAs/MGUs, program administrators, carriers, and policyholders, driving efficient business production, superior customer service, and insightful business management. These solutions are delivered through the XD Insurance Processing PlatformTM, and the Nexsure® Agency Management Platform (www.nexsure.com). The platforms are scalable, secure, Cloud-based (SaaS), and engineered for the Web.
XDimensional’s Corporate Headquarters are located at: 145 South State College, Suite 160, Brea, CA 92821
Tim Hardine, Sr. Vice President
Phone: (714) 482-9590