Rexit Berhad

Rexit also offers a suite of workflow, case management and document management applications that are suited for the financial industry. The company is a key Software as a Service ("SaaS") partner to insurance and unit trust companies. Rexit has recognized that this business model can greatly benefit our clients, as there is no need for upfront capi... tal expenditure, the high cost of developing and upgrading an application or the related costs of maintaining and managing the required hardware. Rexit released the e-Cover suite of web-based solutions under their Smart Insurance Business concept which provided an on-line system for insurance companies. With the e-Cover system, insurance transaction data is now entered by the thousands of agents instead of relying on the personnel of the insurance companies. Through a common interface, the e-Cover system allows agents to transact for multi-principals using the same device instead of different terminals and operating environments in the past. The capability is extended to any location so long as there is access to the Internet. This fits into the business model of providing service anytime, anywhere which most insurance agents operate in. Today thousands of insurance agents, nine insurance companies in Malaysia, one in Singapore, five banks and telcos are participating in one of the largest e-commerce portals in the country, if not regionally. Recently in 2014, KSK Insurance appointed Rexit to provide a front end motor insurance application from our e-Cover suites of solutions for their operations in Thailand. Rexit have received recognition from the Malaysian Government in terms of a grant for research and development in new technologies; approval from the RTD/JPJ to be a gateway provider as well approval from the Central Bank to implement solutions that change the way thousands of insurance agents and many insurers conduct their business. In 2009, the Federation of Investment Managers Malaysia ("FIMM"), with the approval of the Malaysia Employees Provident Fund ...Read More