JustInCaseTechnologies powers Tokio Marine X’s new integrated insurance
JustInCaseTechnologies, a company promoting DX in the insurance industry, announced that Tokio Marine X Small Amount and Short Term Insurance (“Tokio Marine X”) has developed a fully web-based life/non-life integrated insurance product called “Comprehensive Life Support Insurance” using “joinsure,” JustInCaseTechnologies’ SaaS-type insurance system.
Tokio Marine X, a white-label insurance company serving a large customer base, developed “Comprehensive Life Support Insurance” with the aim of providing a wide range of insurance products that cater to the specific needs of each customer and address social issues.
This product integrates life and non-life insurance coverage into a single policy. Its key feature is the ability to combine various types of coverage by adding or removing multiple special agreements (“riders”), allowing for the creation of diverse insurance products. This flexibility enables customization of the product and premium payment methods, making it easily integrated with the products and services of business partners.
Tokio Marine X aims to provide insurance products and services that accurately address customers’ risks and needs. Recognizing the need for a flexible core system with excellent UI/UX, Tokio Marine X chose joinsure.
JustInCaseTechnologies will continue to work with Tokio Marine X to pursue enhanced insurance product value and user convenience, delivering outstanding insurance products to more customers.
SaaS-type Insurance System “joinsure”
Developed by JustInCaseTechnologies based on the expertise of the JustInCase Group, “joinsure” is a SaaS-type insurance system consisting of insurance solicitation, contract management, and insurance claim management systems. It is widely used as a middle system for launching new companies, developing new products, and collaborating with platformers.
In addition to supporting microinsurance businesses, “joinsure” also handles life and non-life insurance operations. It drastically reduces initial costs compared to traditional scratch development, enables rapid market launch of insurance products, and facilitates diverse embedded insurance offerings tailored to customer needs through collaboration with platformers.
1) Advantages of SaaS
“Joinsure” significantly reduces initial costs compared to traditional scratch development and automatically updates to reflect legal revisions. With its comprehensive insurance operation functions, “joinsure” enables swift business launch. Additionally, it eliminates the need for system maintenance, allowing you to focus on product development and design.
2) Rapid New Product Launch
Obtaining approval and launching an insurance product typically takes several months to over a year. However, when “joinsure” serves as the core system, its system design incorporates insurance-specific status event management and data structures, significantly reducing development and implementation time in the design phase. Designed with over 60 types of insurance products in mind, it enables the swift launch of even complex products tailored to specific customer needs.
3) Fully Web-Based Insurance Operations
“Joinsure” is a system that provides fully web-based insurance operation functions. While online insurance sales have been available for some time, the number of online contracts for overall insurance contracts remains limited. With its proven track record in improving conversion rates, “joinsure” is expected to contribute significantly to promoting the digitalization of insurance operations.
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