Solutions for Insurance

The 4M Platform enables insurance companies to innovate product offerings, and to streamline distribution, collection and payments. Meanwhile it improves eligibility assessment of claims and enforces security, risk management and fraud counter measures.

4M provides a powerful framework for product innovation and efficient distribution

Reewire’s suite of core products enables insurance companies to build new types of products. These include micro- and niche insurance products. The offerings are based on the execution of a mass distribution strategy and on utilizing existing digital distribution networks. These networks can be telecommunication networks, retail networks, and financial service networks, like bank branch networks.

For more specialized products like car, healthcare, and agri business insurances, the distribution can be facilitated by business partners in the respective sectors: e.g. car dealers for car insurances, and hospitals, clinics, and pharmacies for health-related insurances. Additionally, micro-finance insurances and agricultural input credits can be presented as bundled offers.

4M improves operational margins and volume

Digital distribution enables efficiency in distribution and collection, while streamlining customer services and communication. This enables improvement of operational margins. Using a mobile app, insurance companies can have their own distribution channels, and make use of partner distribution networks.

Insurance companies can further offer their digital insurance products and distribution capabilities to network partners, who will then manage the sales and the collection.