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Axe Group, a Sydney-based insurance solution specialist, has launched into the US and Canadian markets, after receiving sponsorship from the Pennsylvania State Government and the Philadelphia Chamber of Commerce.
Axe Group CEO Martin Stewart said the Australian software provider is excited to bring its software solution Axelerator to the international market, to shake up the insurance industry that “has fallen behind other sectors in innovation and disruption.”
Axelerator enables digital self-service capabilities for sales and service without the need for internal developers, allowing insurance companies to drive engagement while improving offerings and increasing sales.
“We’ve had a very positive response from our Australian clients, we have clients regularly comment on the speed of completing projects end to end, not to mention the cost and time savings that have been made once implemented,” Stewart said. “A specific example recently from one of our large financial services clients reported a 75% improvement in efficiency, freeing up their staff to do things that are more proactive. We’re very confident we can achieve the same level of success in the US and Canadian markets.”
Axe Group will initially be engaging with a large number of insurers along the East coast, including Washington, Baltimore, Philadelphia, New York, Hartford, Boston, and Toronto, who are still relying on older technology for their core processing.
“We want to demonstrate the clear benefits of working with a reliable insurtech partner, and the many advantages of implementing new, flexible, and comprehensive technology like Axelerator,” Stewart said.
