02 Jul 2024, 12:28
Alula Technologies is excited to announce a joint proof of concept exercise with Guardrisk LAUNCHPAD, a leading South African cell captive company, to develop an insurance Gateway solution , a smart insurance platform. This innovative solution aims to support and enhance the insurance industry by offering a modern, secure, and comprehensive platform tailored specifically for cell captives.
The Gateway solution, currently in its proof-of-concept phase, is designed to streamline insurance services and enhance operational efficiency for cell owners. Following the pilot phase, an evaluation period will precede the production launch to ensure the solution meets all performance and operational criteria.
For Guardrisk, the Gateway platform represents a significant opportunity to explore the value it can deliver to their cell captives. By leveraging Alula’s technology platform, Guardrisk aims to connect their cell captives with external service providers seamlessly. The Gateway solution offers a range of services, including automated underwriting, claims processing, KYC (Know Your Customer), and health risk assessments. This platform enriches Guardrisk's service portfolio, enabling cell captives to access new technology and risk mitigation services. The platform can be tailored to meet the unique needs of Guardrisk cell captive clients, reinforcing Guardrisk’s market position as an enabler of value-driven insurance solutions.
Together with Guardrisk, Alula is committed to exploring new levels of service delivery and operational excellence in the industry. Our collaboration aims to offer advanced solutions that align with the evolving needs of the insurance sector.
About Alula Technologies:
Alula Technologies provides clients in the insurance, healthcare, and pension fund industries with technologies to help them better understand risk and improve customer experiences. We integrate rich data insights with modern technologies to unlock efficiencies and drive better decisioning.
About Guardrisk:
Guardrisk is a leading provider of cell captive business and alternative risk transfer solutions in South Africa. Guardrisk offers innovative and bespoke risk financing solutions to clients across a diverse range of industries.