justlnCaseTechnologies provides "joinsure" SaaS insurance system to Orico
justlnCaseTechnologies has begun providing the SaaS insurance system "joinsure" to Orient Corporation (Orico) for its Cancer Insurance, a new service exclusively for e-Orico members. This offering is part of Orico's comprehensive financial services ecosystem and provides tailored insurance coverage designed to meet customers' needs across different life stages while digitalizing customer touchpoints and driving operational efficiency in its insurance business.
The Orico Cancer Insurance includes medical, cancer, and nursing care insurance coverage underwritten by Tokio Marine & Nichido Fire Insurance, offering robust protection against a variety of risks. Orico selected “joinsure” based on justlnCaseTechnologies’ proven insurance marketing expertise and the sophisticated capabilities of the SaaS Insurance system.
justlnCaseTechnologies will continue being committed to collaborating with Orico and Tokio Marine & Nichido to enhance both insurance product value and user experience, making Orico Cancer Insurance the preferred choice for an expanding customer base.
About SaaS Insurance System "joinsure"
"joinsure" is a cloud-based insurance business system developed by the Company based on the justlnCase Group's knowledge. It consists of an insurance application system, policy management system, and insurance claim management system. It is widely used as a middleware in the scenarios of new company establishments, new product development, and collaboration with platformers. It supports not only small-amount short-term insurance business but also life and non-life insurance operations. In addition to significantly reducing initial costs compared to typical scratch development, it enables quick market entry of insurance products and promotion of various embedded insurance that matches customer needs in collaboration with platformers.
1. Providing SaaS Benefits
By using this service, not only can our customers achieve significant reduction in initial costs compared to typical scratch development, but legal revisions are automatically updated, and functions added after system adoption can be used without additional costs. By utilizing "joinsure", which has functions implemented for a series of insurance operations, swift business launch is possible. Also, as system maintenance work is unnecessary, focus can be placed on product development and design.
2. Realizing Quick Launch of New Products
Typically, it takes several months to over a year from obtaining permission for an insurance product to its sale. When joinsure is implemented as a core system, the development and implementation period for the design process can be significantly shortened as the system design takes
insurance-specific status event management and data structures into consideration. It is designed to support over 60 types of insurance products, allowing for quick launch of complex products that satisfy customers' various needs.
3. Enabling Fully Web-Based Insurance Operations
"joinsure" is a system that provides fully web-based insurance operational functions. Although online insurance sales have been available for quite some time, its market share remains small. As "joinsure" has a track record of improving conversion rates, the Company believes it can greatly contribute to promoting the digitalization of insurance operations.
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