XPCover is the fastest-growing API marketplace for the insurance industry. Its main mission is to create insurance innovations on a global scale. What distinguishes them from others is their innovation, Advanced ML for product recommendations, fraud detection, Voice-based chatbots for insurance sales, and multiple other such tools.
They are focused on creating a Distributed Insurance API Ecosystem for enabling Insurance companies to have better customer engagement, expanded market access, and improved risk mitigations. In addition, operational efficiency gains decreased cost and improved risk management can enhance insurers’ overall expense positions.
It also gives insurance Warranties, Personal Insurance, Traditional Retail Insurance, Bundled Insurance products, Commercial Insurance, and millions of other insurance products on a global scale. They have a simple straightforward API platform that can be used by BAs to configure the product and launch in any market.
They enable companies with simpler IT, advanced risk identification, enhanced customer experience, and simpler operations translating into less investment and quicker returns.
They are positioned as an Insurance Middle Office/ Middleware to power numerous insurance applications and API platforms. It is a development and connectivity platform for fast innovations by insurance carriers, channels, entities, and fintech players among others. They are creating innovations on a rapid scale which has various perks like, it is easy to use, has 100% compliance, can sell unlimited insurance products, has a customized mailer system, and many more features.
The Business Ecosystem comprises fully functioning solution for car dealerships, VAULT bank Application to enable Banks to protect their business using bundled Insurance products, POS application to enable the large aggregators to sell Insurance from their based across multiple geographies, life insurance distribution platform, both personal and commercial products, connecting both traditional and digital channels to multiple insurers. On-demand term insurance, geolocation enabled commercial insurance, telematics-based car insurance, and many such products are being worked on.
They have partners across the globe right from India, Dubai, Saudi Arabia, Brazil, and South Africa.
Their website is https://xpcover.com/