XDimensional Technologies Becomes Member of Verisk Strategic Alliances

Rhea-AI Summary

XDimensional Technologies has announced its membership in the Verisk Strategic Alliances network as of June 23, 2020. This partnership allows XDimensional to utilize ISO Electronic Rating Content for enhancing its Nexsure Policy Admin+ Edition Platform. The platform supports various insurance functions including underwriting, policy issuance, and billing, streamlining operations for insurance industry members. CEO Rodney Gist emphasized that this collaboration enables customized insurance programs and removes barriers for insurance value chain participants, enhancing their service offerings.

Positive

• Partnership with Verisk enhances product offerings through ISO Electronic Rating Content.
• Nexsure Policy Admin+ Edition streamlines various insurance operations in one platform, improving efficiency.

Negative

• None.

BREA, Calif., June 23, 2020 /PRNewswire/ -- XDimensional Technologies announced today that it has become a member of the Verisk Strategic Alliances network. Alliance companies, like XDimensional, use information and products from ISO, a Verisk (Nasdaq:VRSK) business, to build on and enhance their own product offerings.

By affiliating with Verisk, XDimensional can take advantage of ISO Electronic Rating Content™ (ERC™) for specified lines of business within its Nexsure Policy Admin+ Edition Platform-as-a-Service offering. Nexsure Policy Admin+ provides customers with a comprehensive insurance platform to support sales and marketing, CRM, submissions, underwriting, rating/quoting/binding, policy issuance, full policy life cycle and servicing, portals, document management, billing, commissions, and a full general ledger—all in one solution.

XDimensional's CEO, Rodney Gist, stated, "Our relationship with Verisk broadens the scope of our Nexsure Policy Admin+ Edition platform offering by allowing us to build customized insurance programs for customers that use ISO-based rating. The addition of Verisk's information and tools, combined with our technology and cost-effective pricing methodology, allows us to remove many of the barriers to entry for insurance value chain members that require such solutions."

Insurance brokers, wholesalers, MGAs/MGUs, program administrators, or carriers that are interested in learning more about XDimensional's Nexsure Policy Admin+ Edition solution or other offerings from the Nexsure product line can visit XDTI.com, or contact XDimensional Sales at 1-800-789-2567.

About XDimensional Technologies, Inc.
XDimensional Technologies®, Inc. (XDTI.com), based in Brea, California, develops and markets comprehensive insurance processing and distribution solutions that empower and connect agents, brokers, wholesalers, MGAs/MGUs, program administrators, carriers, and policyholders, driving efficient business production, superior customer service, and insightful business management. These solutions are delivered through the XD Insurance Processing Platform™ and the Nexsure® Agency Management Platform (Nexsure.com). The platforms are scalable, secure, cloud-based (SaaS), and engineered for the Web.

XDimensional's Corporate Headquarters are located at One Pointe Drive, Suite 500, Brea, CA 92821.

Media Contact:
Tim Hardine, Sr. Vice President
Phone: (714) 482-9590
Email: tim.hardine@xdti.com 

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SOURCE XDimensional Technologies, Inc.

FAQ

What is the significance of XDimensional joining the Verisk Strategic Alliances network?

XDimensional's partnership with Verisk enhances its offerings by utilizing ISO Electronic Rating Content, allowing for more customized insurance solutions.

How does the Nexsure Policy Admin+ Edition platform benefit insurance companies?

The Nexsure platform supports a full range of insurance operations, including underwriting and policy management, which improves overall efficiency for insurance companies.

When was XDimensional Technologies' membership with Verisk announced?

The announcement was made on June 23, 2020.

What is the role of ISO in XDimensional's service offerings?

ISO provides essential Electronic Rating Content that XDimensional incorporates into its Nexsure platform to enhance its insurance solutions.