Exegesis Infotech India Pvt Ltd – Insurtech Innovation Award 2024
1. Submission to:
Enterprise SAAS enabler of Digitized Insurtech Solutions
5000+ corporates, 15 million+ lives, USD 1000 million annual premium
Endorsed by BOSTON CONSULTING GROUP (Apr’22) as a leading Insurtech driving innovation in India
Featured in NASSCOM (Nov’23) insights on digitizing insurance in India
29th April, 2024
2. Manage complex underwriting rules
with accurate premia calculations
across multiple GMC/ GPA/ GTL
policies
Voluntary policy premium payments
Real time CD statement and
brokerage reconciliation
Secure data transmission
Need for a Single platform to support
thousands of corporates; logical data
segregation
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Ecosystem & Challenges
KEY CHALLENGES –
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The Solution: EXEGESIS EMPLOYEE ENSURER
India’s No.1 Employee and Flex Benefits Enterprise SAAS platform
Highly configurable, Secure solution for Automation of GMC-GPA-GTL with FLEX & Claims servicing
CORPORATE EMPLOYEE
Manage Group plans & Claims along
with Flexible benefits for hundreds of
thousands of employees/ dependents
Integration with internal payroll and
HRMS systems
Option to upsell / cross sell Insurance
and non-Insurance components
Pre-loaded wallet to customize one’s
benefits
Intimate & track claims in real time
(integration with Insurer/ TPA)
Employee grievance redressal
Portal and Smartphone access
INSURER / DISTRIBUTOR / TPA
Problem Statement
Managing Group policies & Claims with Flexible benefits and complex underwriting rules, is a challenge for
Corporates with hundreds of thousands of employees / dependents
3. About Us
EXEGESIS is India’s FIRST Insurtech, 16+ years of experience in Insurance
Our Enterprise SAAS Insurtech platform converges insurance channels and processes by offering
digitized insurance solutions for Employee Health & Flex benefits, along with Personal lines
insurance
The platform links Corporates, Insurance Distributor, and Insurers by introducing straight-through-
processing in the entire ecosystem
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5000+ corporates, 15 million+ lives, USD 1000 million annual premium
Exegesis Confidential
5. Key Capabilities
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500+ CONFIGURABLE PARAMETERS, 300+ MASTERS, 50+ MIS REPORTS
INDUSTRY’S MOST COMPREHENSIVE UNDERWRITING ENGINE – covers 50+ Insurers, Single-click renewal
EXHAUSTIVE FEATURE LIST, AUTOMATION of end-to-end Insurance policy & Claims servicing
FLEXI BENEFITS WITH WALLET OPTIONS – Personalization from bouquet of Insurance & Non-insurance options
MOBILE APP (ANDROID & IOS) – All key portal features on app (incl Enrolment for GMC-GPA-GTL along with
Flex options, TPA/ TPA-SSO integration etc.)
CUSTOMER ENGAGEMENT – Email, SMS notifications for 100+ events, Whatsapp, IVR, Chatbot, Push
notifications, CRM integration
REAL TIME INTEGRATIONS –
- 30+ TPAs / Insurers (real-time & SSO based)
- Single sign-on (SSO) for portal login
- SFTP, Payment gateway, HRMS / Payroll integrations
DATA SECURITY –
- PII data encryption
- Triple DES, OWASP Top 10 compliant
- Logical and physical data segregation for EACH corporate
PEAK PERFORMANCE – 2000 concurrent users, 0.7 million unique transactions, ZERO failures, Avg response
time per transaction < 1 second (on virtual server with 8GB RAM)
Exegesis Confidential
6. Independent Insurtech
company focused on
“revenue side”
Founders come with
deep domain and
technical expertise
Proven business and
revenue model
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Exegesis Confidential
UNDERWRITING ENGINE
Enrolment data is validated online against pre-
configured underwriting rules – resulting in 0 errors in
Claims processing
Manually, this would take 30-90 days for 3000+
employee organization
NETWORK HOSPITAL, ECARDS, CLAIMS STATUS
Quick access at the click of a button – direct integration
with TPA/ Insurance cos. for instant information
Manually, this would take months causing loss of
valuable time during medical emergencies
CD ACCOUNT
Real time computation of CD a/c and brokerage
3 months of time saving in reconciliation between broker/
TPA/ Insurance co
Efficiencies Achieved
ONLINE HELPDESK
Quick TAT for employee queries – access to live real
time data
Upto 1 week of time saving in manual coordination
between Corporate HR and broker
PEAK PERFORMANCE
2000 concurrent users, 0.7 million unique transactions,
ZERO failures
Average response time per transaction < 1 second on
virtual server with 8GB RAM
7. Pain Points Exegesis Offering
Exegesis Impact
Collaboration Objectives
Insurance Backbone for 2500+ Corporates with Scaling Premium Revenues year on year
The ONLY independent, pan-India Insurance broker with
placement capabilities across all lines of commercial
insurance in India and in over 100 countries
Extensive Manual Processing
Time consuming tasks de-railing expansion plans
Client servicing woes
Need to showcase cutting-edge Technology Platform to win
high-end clients
Pressing need for Automation
Automation of end-to-end Insurance policy servicing
(Group Mediclaim, Group Personal Accident, Group
Term Life)
Comprehensive Feature List –
Policy Underwriting set-up, Enrollment, Endorsement,
Claims Management, CD Accounts & Billing,
MIS Reporting, Communication Helpdesk,
FLEX Benefits (Insurance & Non-insurance benefits,
configurable wallet options)
Highly configurable dynamic options
Secure Data Availability, PII data encryption
Real time 3rd party Integrations (20+ TPAs & Insurers)
Web-based and Smartphone Access
Automation of Policy Administration
Quick Turnaround on Critical Services
Sales Assistance for Solution Demo & Capabilities
Fast Goto Market for New Client Enablement
High % of client retention ensuring Business Continuity
Clear Picture of Insured & Endorsements
Complex Calculation made Easy on Corporate Deposit (CD) Accounts
Successful deployment within 3 months
5+ million Insured Lives, 2500+
Corporates, multi-million USD Revenue
Tested for Peak performance and
Scalability
Prestigious clientele wins on our secure,
best-in-class Technology Platform
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Exegesis Confidential
8. Independent Insurtech
company focused on
“revenue side”
Founders come with
deep domain and
technical expertise
Proven business and
revenue model
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Insurer / TPA integrations
Exegesis Confidential
9. Independent Insurtech
company focused on
“revenue side”
Founders come with
deep domain and
technical expertise
Proven business and
revenue model
9
Industry Recognitions
Exegesis Confidential