Exigen Insurance Solutions, Inc., an IT provider specializing in rapid implementation of new business initiatives and products for insurance, announced its launch. Formerly operating as the insurance solutions unit of Exigen, Ltd., Exigen Insurance Solutions will focus on the market for its suite of insurance solutions while tapping $10 million in new venture funding from Exigen Capital.Exigen Insurance Solutions’ products and suite of property/casualty business life-cycle systems for policy administration, claims, billing, and account management allow clients to introduce modern, service-oriented solutions and accelerate insurance product innovation.
“The insurance technology market is rich with growth opportunities,” says Gwen Spertell, Exigen Insurance Solutions CEO. “Exigen has been providing insurance technology solutions for over five years. With the maturity of the solution set and the solid foothold in the market it has earned, now is the right time to expand its operations and broaden its solution set as an independent entity. The new company will be more agile and responsive to the market. From the boardroom down, Exigen Insurance Solutions’ only focus will be insurance market needs and how we can meet and exceed them.”