Press release 2023
DRAFT PRESS RELEASE
Municipality of Doorn, July 20 2023
RealXS - IT is the first specialised software producer to launch an application that benefits the entire insurance industry: REAL-ACCESS.
Real-Access is a cloud solution that merges and unifies the workflows of advisers, providers. The starting point is
clarity through transparency.
Implementing insurance technology usually requires long-term commitment from programmers, who have to write the software to do so.
The new software is written in a modern language (Filemaker), so that succeeding generations can also handle it well. Filemaker is part of the Apple - we have found - optimally suited for insurance software. Read more about Filemaker
Collecting building blocks
With Real-Access, building insurance products has become a piece of cake that product specialists from insurance brokers, authorised agents, advisors and insurers can master quickly.
Barrier removed
With the launch of Real-Access Software, this barrier has been removed, because Real-Access Software was developed precisely for insurance specialists who want to be at the helm themselves while implementing their creative insurance solution.
Being at the controls themselves!
That is the ultimate dream of all creatives in the insurance profession, isn't it?
On the shelf
Beautiful, effective products no longer need to remain on the shelf!
With Real-Access, we are the first to offer a solution to insurance specialists who, until now, have had to exercise years of patience before they can bring their creation to market.
Get to know
Insurance specialists working at:
- Insurance companies
- Insurance consultants
- Authorised agents
- Insurance brokers
- Risk managers working at large companies and Industries
can learn about this new phenomenon from 1 July 2023.
Implement
Of course, implementing an insurance product requires proper preparation. This is why we have developed a questionnaire. It is advisable that the creators of the product complete that form first.
Only then is there certainty that all issues have been fully mapped out and implementation can begin.
The provider will then receive a quotation for assistance in implementing the first product.
NO CURE ---- NO PAY
RealXS-IT is sure of its case: if the product does not pass the test, no costs are due.
On average, the costs of implementing and testing a first insurance product amount to around € 20,000.
Under the guidance of one of our employees, the product is installed and assessed together with the designers.
The product is then tested and trial runs can begin.
Into production!
But Real-Access has much more to offer.
With Real-Insurance, RealXS-IT offers fully operational software for application processing, robotic underwriting, quotation processing, policy creation, claims handling and portfolio administration.
With Real-Accounting, RealXS-IT offers full financial administration for accounts receivable, accounts payable and general ledger
With Real-Tekst, RealXS-IT offers unprecedented automated capabilities for composing draft documents for policies or invoices. Automated formatting of texts for policy documents and correspondence.
45 years of experience
Team RealXS has a long experience in producing software for the insurance industry.
The first steps in automation were taken in 1978.
Poorly performing IT systems
For years, the insurance industry has been plagued by problems caused by underperforming IT systems.
It started with the BBB(1980 Stock Exchange Booking Bureau), which quickly went bankrupt. Then ABS(1982) was started (the Insurance Exchange Booking System). That would be replaced in 2004 by e-ABS which would be made by Riskclick(2004) .
That too was unsuccessful and this was followed by its transfer to ADN (Assurantie Data Netwerk),
The dreamland adventures with Ascoso/Wang(1977) are also still deep in the memories of many in the market.
Automation is not infrequently comparable to a nightmare. And so are many who made more promises than they could deliver.
Not infrequently, the job was left to foreign programmers who had no affinity whatsoever with the insurance industry.
Despite all initiatives, the insurance market is still experiencing problems with Insurance software.
Therefore, RealXS-IT has taken utmost care to address issues such as:
* Robustness of Real-Access so that stability is the benchmark
* Efficiency and chain integration in all conceivable areas
* Collective modifications (such as single insertion of terrorism clause, millennium clause)
* User-friendly design in which administrative employees immediately feel at home
* Content support as a learning opportunity
* Knowledge integration (recording and sharing knowledge for successors)
* Central processing, with a view to maximum cost savings
* Clear implementation models
* Integration with other databases
* Management information 'customisable' by you
* Login to your own portal for every user
* Premium/claims processing based on year of drawing and financial year
* User security because RealXS has continuously tested it.
* Multi-level co-insurance
* Robot acceptance optional
* Low licence fees: product providers pay € 5000 per € 1,000,000 gross annual premium turnover.
For an authorised agent with € 100 million premium, it is a bargain if the job can be done for
500,000 for licence fees per year.
* Free licence for intermediary agents
* Etc.
How can that be so low?
RealXS-IT has taken the development costs of Real-Access software entirely at its own expense and risk.
The revenue generated is to secure maintenance and service.
Double costs
Every company that uses software pays licence fees for it.
So in a practical sense, insurers, brokers, authorised agents and advisers all pay for the same administrative service. So do Service Providers and Dome Providers.
KETEN-INTEGRATION
RealXS-IT resolutely does away with this, as only one party is liable for costs and that is the party that gives its label to the product.
RealXS software was once developed for the insurance company Lugt Sobbe & Co, Stockbrokers & Assurer Eurolloyd, agent of Lloyd's, among others .
The success of these companies was therefore based on this software. Working with independent advisers/intermediaries, the software required flexible policy administration and a well-oiled financial system with sub-administrations and current accounts for 3,500 advisers.
Creativity from the market
The seemingly endless amount of creativity that these 3,500 advisers submitted to Eurolloyd resulted in unique software, with which every conceivable insurance product could be customised for each insured.
After the sale of Eurolloyd to Delta Lloyd, RealXS-IT decided to make this software suitable for other insurance companies.
And so now this unique software is also available to:
1) Intermediaries (who can register free of charge)
2) Authorised agents (who can also offer their products through advisers)
3) Authorised agents (who offer their products directly)
4) Registered brokers (who offer their products directly to commercial consumers)
5) Registered brokers (who serve the intermediary with their products)
6) Insurers (who offer their products directly to consumers)
7) Insurers (who offer their products through the advising intermediary)
8) Intermediaries (who devise and cover insurance products themselves on a co-insurance basis)
The motto of Real Access - IT is : the inventor pays the bill and others can watch for free.
So even for insurers who participate on an insurance product via co-insurance, participation is free.
