Extensive domain knowledge, technological adaptations, and cutting-edge solutions make MedinyX Technologies the pioneer in developing comprehensive software solutions for insurance and assistance companies across the globe.
Our innovative insurance software solutions help companies achieve their business goals in all insurance industry segments, such as Health, Life, Travel, Motor, and assistance with exceptional operational efficiency.
"e-MPOWERING YOUR BUSINESS TODAY FOR TOMORROW" is our motto, and we strive hard to make our customers future-ready with novel approaches.
MedinyX relies on the power of advanced technologies such as AI, Big data analysis, Predictive Analytics, Machine learning, etc., to fuel our solutions. Such systems make life much easier for your insurance agents and assistance firms with their extended capabilities and intuitive designs.
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Our solutions with their data-driven approach reduce human errors, prevent fraud attempts, and enhance customer experience through automated settlement processes.
Apart from reducing operational expenses, such solutions help companies design tailor-made policies for their target market and expand their clientele to new areas.
MedinyX aims to make insurance automation available to all through a diverse pool of digital solutions ranging from Complete automation suite to APIs. Our highly modular platforms enable customers to extend their capabilities by incorporating additional modules into their existing systems.
Our ready to deploy digital solutions include insurance claims management software, insurance agency management systems, insurance policy management software, insurance quoting software, claims management software, healthcare software solutions, case management platform, CRM for insurance agents, etc., and much more.
Such a flexible approach helps companies scale their operations on the fly without huge upfront investment. Similarly, you can integrate additional features to your website or application using APIs
"White Label Apps" improves your customer loyalty with its powerful features and simple-to-use interfaces.
High levels of interoperability make migrations from legacy systems a seamless experience without any downtime or functional issues.
Insurance accounting is to be re-defined in one of the most important, wide-ranging reforms in many years. From 2023 a new standard, IFRS 17, will replace the current standard, IFRS 4.
This change comes as the industry is battling the effects of COVID-19 and, in particular, a recent decision by UK’s Supreme Court allowing hundreds of businesses to claim insurance pay-outs for their losses caused by the pandemic.
For insurers, this means overcoming a number of hurdles and taking immediate action.
Introduced in 2004, IFRS 4 is an interim standard that allows flexibility in insurance accounting practices. However, the variations, especially across different regions, made it difficult to fulfil the key objective of an accounting standard — allowing comparisons and being transparent.
IFRS 17 is intended to be the first harmonized accounting standard across the entire insurance sector. The aim is to make it easier to compare financial statements issued by insurance companies. It will also increase the alignment of accounting practices in the industry with those of other sectors.
The Health Insurance Portability and Accountability Act (HIPAA) governs the privacy and security of each individual's PHI (protected Health Information) during its storage, transfer, and processing. Any violations of the guidelines can be fatal to the organization.
MedinyX ensures complete HIPAA compliance in all our solutions through a multi-level process involving staff training, impenetrable servers, data security, and continuous data availability.
The General Data Protection Regulation (GDPR) is the world's most demanding privacy and security law. It makes organizations, anywhere in the world, accountable for data security violations as long as they deal with the health information data of an EU citizen or resident.
Any minor violation in the guidelines can invite huge penalties, making GDPR compliance a daunting task for many. As a seasoned insurance software company, MedinyX strictly adheres to the GDPR framework in all its operations. It enables our customers to focus more on building their competitive edge with improved confidence.
Infrastructure management and its limitations are significant roadblocks for many companies in their growth. MedinyX PaaS (Platform as service), with its strong partnership with the world's most reputed cloud providers, creates an optimal environment for the insurance and assistance companies to grow unconditionally.
This fully managed service with a 99.95% monthly SLA ensures continuous service availability. Features such as elastic scaling, global distribution, custom environment, network security, etc., relieve you from infrastructure worries and help you grow unabated.
Payment Card Industry Data Security Standards, PCI DSS, is the gold standard of server security for processing sensitive financial data such as credit card numbers or online transactions. Digital payments are an integral part of the insurance industry. Even a tiny vulnerability can be catastrophic. All MedinyX products are PCI compliant.
