B4E InsurTech is a groundbreaking company that uses cutting-edge technology to reshape the way insurance works, making it simple and accessible for people who haven't had insurance before. Think of it as creating an easy and quick way to get the protection you need, just like shopping online.
Our unique system is like building blocks, with the first block being a tool that helps insurance manufacturers and distributors (like reinsurers, insurers, and intermediaries) set up new insurance plans in just a few minutes. It's like creating a recipe for insurance. Once the Reinsurer has deployed the new plan, it can be passed on to an insurance company that specializes in this type of coverage.
This insurance company adds all the important details, like the official policy certificate and the rules of the plan, into the system. They can then share this insurance plan with different intermediaries that help sell it, such as banks, brokers, and agents.
These sellers can then use the intermediary module of the system to organize their teams and make sure everyone has the necassary access to sell the products to their customers simply, efficiently and digitally.
The amazing part is that all the data from different parts of the process comes together in one place across respective module. It's like having a central hub where everything is tracked and managed. This helps make sure that necassary data is clear, accurate, and readily available to anyone who needs it.
In a real-life situation, let's say a bank wants to offer insurance to its customers. With B4E InsurTech, the bank can work with one or multiple insurance companies to quickly create a new insurance plan, and then dispense the final product digitally across multiple point of sales.
B4E InsurTech's smart and modular approach is like building a strong foundation for insurance, making sure that everyone involved can work together smoothly and provide insurance to people who might not have had access to it before.
B4E Insurtech: Who are we and what do we do?