Across the industry insurers are going digital in response to growing customer demand. But with the demands of large portfolios and the volume of claims they handle, reinsurers have been held back by the complexity of moving to an online system. But say goodbye to the spreadsheet, because with Axelerator, you get a comprehensive solution that dramatically reducing the cost and effort of change.

Axelerator comes with a comprehensive range of components that can be readily tailored for reinsurance that include:

One solution for all

Axelerator uses the same code base and modules to support all functionality.

  • Comprehensive end to end insurance solution for Life, General, Policy, Claims, Insurance, Reinsurance
  • Add new variables quickly without upsetting existing configurations
  • Automate key processes to reduce risk
  • Export reinsurance data in real time and integrate with general ledger and business intelligence applications
  • Rapidly integrate with clients’ systems with a convenient range of APIs
Policy Management
  • Easily set user roles, teams and permissions
  • Define workflows, SLAs and escalation processes
  • Automate, tasks, emails and document production
  • Digital access from all browsers on all devices
  • Bulk intake policy details, declarations and, renewals
Intelligence and reporting
  • Keep an audit trail of all scheme changes
  • Analyse scheme trends, profitability and fraud incidence
  • Run member, employer, and plan-level reports
  • DataPump that exports all data to a data lake for analysis
User experience
  • Dynamic user interface provides for a high customer experience
  • Digital access from all browsers on all devices
  • Match the branding look and feel of your corporate clients
Claims
  • Claim assessors’ workbench to assist in claims management and organise upcoming tasks
  • One-touch: straight-through processing (STP) of claims from lodgement, auto-assessment, to pay and close
  • Workload management to allocate cases based on skills and complexity
  • Electronic information capture: enables automated decisions and provides the data for detailed analysis
  • Provide access for external parties such as agents, customers, super funds, reinsurers and rehab specialists
"The amount of technology coming at us in the next five years is probably more than we've seen in the last 50."
Mark Franks, Director of global automation at GM
FEATURES
Portals for direct access
  • Insurers and other Reinsurers
  • Third-party partners
  • External service providers
  • Accept bordereau in spreadsheet format
Manage claims against benchmarks
  • Life and General (P&C)
  • Track claims against their benchmarks
  • Individual and portfolio monitoring
  • Service Level tracking and escalations
Manage claims against benchmarks
  • Life and General (P&C)
  • Track claims against their benchmarks
  • Individual and portfolio monitoring
  • Service Level tracking and escalations
Reporting and dashboards
  • Portfolio analysis against forecasts
  • Automated SLA reports
  • Work flow & workload reports
  • Trend analysis
  • Highlight exceptions
Regular extensive updates
  • Current technology
  • Easy to implement updates
  • Automated deployment and testing
  • Evergreen option - always up-to-date
Regular extensive updates
  • Current technology
  • Easy to implement updates
  • Automated deployment and testing
  • Evergreen option - always up-to-date

Axelerator is built for change.

Axelerator is built using modular architecture that makes implementation flexible and affordable.

If you’re looking for an innovative platform that has been custom built to support business growth and agility for reinsurers, Axe is ready to support you.