Solutions Info

Select a solution to learn about how Xenos is applied to address situations like your own.

The Challenge: Insurance Data Integration

Data integration can be a major challenge to acquiring new insurance business, especially in niche markets, whose needs can be overlooked or under-served because:

• The potential client base is small
• A small amount or unique/unusual type of coverage is needed.

Agents and brokers could have access to these markets, but may not have systems that can submit claims and policy data in the standardized formats that insurance companies often require. They may also not have the resources to change the formats of the data that they send to conform to the insurer’s internal data format standards.

Accepting claims and policy data in many different formats from agents and brokers, opens new markets. The challenge for insurance companies is the integration of data into their existing insurance applications.

The Xenos Solution

Xenos Insurance Data Integration Solution supports the dynamic conversion of data from any format to any other format and provides the platform for integrating incompatible systems.  No re-engineering of existing insurance applications is required by either the customer or the insurance company since format conversion is done at the data level, not at the application level.

Xenos Insurance Data Integration Solution can be quickly implemented to enable insurers to take on new business faster.

Benefits

• Insurance data integration removes the dependency on external data formats and standards
• Improve competitiveness and build business without re-engineering
• Increase revenues through access to new distribution channels and markets