Majesco TL
Follow Us
ITA MEMBERSHIP

INSURTECH

INSURTECH

Slice Launches Its On-Demand Digital Insurer-as-a-Service

Staff Writer | January 25, 2018

Slice Labs Inc., a technology company offering cloud-based on-demand insurance, announced today the availability of Insurance Cloud Services (ICS), a cloud hosted, end-to-end, digital-first platform designed and built to drive experimentation and deployment.

 

Two years ago, Slice set out to completely reimagine insurance by creating on-demand insurance for the on-demand economy. Today, the company takes the next step in their evolution by announcing ICS, allowing carriers to quickly make the leap to being a digital insurer at a radically lower expense.

 

Any insurer that wants to become digital, while providing the next level in customer engagement and on-demand products, can quickly and easily deploy fully digital insurance products with minimum risk and expense.

 

ICS supports rapid introduction, evaluation, and adoption of new products, technologies, and business models. It enables insurers to achieve:

●     Faster time to market;

●     Quicker and lower cost to deploy new products

●     A platform on which to experiment

●     On-demand monthly subscription flexibility and scalability (scale in a cost-effective manner)

●     Dramatic reductions in operating expenses

 

The Slice Insurance Cloud Services platform is fully embeddable via API and includes pricing, rating, licensing, real-time and automated underwriting, servicing, and capacity. Insurers can easily integrate ICS to quickly deploy and test insurance products that perform vastly better, offer deeper customer engagement, and present a wider array of options for customers.

 

“Our vision was to build a digital insurer-as-a-service platform that performs significantly better in terms of speed and cost for both deployment, and, most importantly, the cost and expense of ongoing operations,” said Tim Attia, CEO of Slice. “In the end, it’s all about customer experience, so we developed a platform that exponentially increases insurers speed to market, is infinitely scalable, and is signal based so insurers can synchronize their product offerings with their customers’ behaviors,” added Tim.

 

ICS is designed to deliver on multiple product lines, across insurance business functions, and is architected for flexibility, configurability, and usability. ICS is currently fully operational in the US marketplace and is also fully localized (multi-currency and multi-lingual) for the UK. Slice is licensed in both standard (personal, commercial, and A&H) and surplus lines in all 50 states. 


Featured articles

Hyland MR 9 7 2018

Guidewire Feb 2018 MR

ELECTRONIC CHAT

The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.

WEB EVENTS

ITA is pleased to present the 2014 Webinar Series. We have many topics for you to choose from and attendance is open to all ITA members. The webinar topics are current and exciting — ranging from predictive analytics to telematics and will focus on the direction insurance carriers need to follow for the future. All webinars are presented by insurance IT professionals along with some of the leading analysts and consultants in the field. There is no cost to attend an ITA webinar. For more information and to register for the webinar, click the “title” of the webinar below.

BLOGS AND COLUMNS

only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News