About
Our Mission
Greater Control - Greater Efficiency - Greater Freedom
At InsurXcel℠ our mission is to create software solutions that enable insurance organizations to simplify the way they work, eliminate unnecessary complexity, and get more value from the technology they already have.
InsurXcel℠ enhances existing processes. We streamline workflows, connect systems, reduce redundancy, and create customized solutions that give your organization greater control over how technology supports your business.
Our goal is simple:
Help you grow your business.
InsurXcel℠
Stop Renting Your Technology. Start Owning It.
-
Aquire Expertise
The InsurXcel℠ Model:
Your Team defines requirements → InsurXcel℠ builds your solution → Your Business owns and controls the capability → AI continuously improves it"Shared Source" means that as our product portfolio grows, your solution options increase.
-
Gain Freedom
Build and own the technology that runs your business—and use Agentic AI to continuously make it better.
Build it. Own it. Evolve it.
Shared Source
We'll help you build a technology asset that your business owns and continuously improves.
Build exactly what you need, Instead of changing your business to fit a vendor's software
As the InsurXcel℠ portfolio grows, your solution options increase.
Shift Left by Design
Put the Power of Technology Where It Belongs—In the Hands of the Business.
InsurXcel℠ is designed to move technology decisions, configuration, and control closer to the business user—the people who understand the processes, rules, customers, and outcomes better than anyone.
Speed to Market
In today's market, response time is a competitive advantage.
Responding to regulatory change, or entering new markets can take months or years.
InsurXcel℠ is designed to dramatically shorten the distance between an idea and its implementation.
Product Portfolio
Check out our existing Product Portfolio
Configurable soltutions for MGAs, Carriers and Partners.
Our Partners
InsurXcel℠ Integration Partners
Services
InsurXcel℠ Services
InsurXcel℠ offers a blend of software products and services, focusing on business user control and operational efficiency. Our solutions are tailored to align with the procedures of Property & Casualty insurance companies. Our expertise, however, is not confined to this industry alone; we are also expanding into other financial services sectors.
We specialize in Rating, Book of Business Analysis, Data Management & Reporting, Custom Software Development and Solution Implementations.
Contact Us to learn more.
Custom Software Development
InsurXcel℠ is uniquely equipped to design and develop advanced software solutions. Utilizing our access to academic research in Blockchain, Artificial Intelligence and Machine Learning, we collaborate with you to DISCOVER innovative competitive advantages.
Software Implementation Services
InsurXcel℠ delivers expertise in Software Design, Program Management, Process Optimization, and Quality Assurance, supplementing your team directly. From System Selection to Data Transfer; InsurXcel℠ IMPLEMENTS tailored technology solutions.
Data Management Services
Leverage the industry leading InsurXcel℠ data models to compliment and EXPAND your internal data management. We specialize in Data Analysis, Cleansing, and Governance; ensuring a solid foundation for your management information.
F.A.Q
Frequently Asked Questions
-
What is a 'Shared Source' technology model?
Many people are familiar with the 'Open Source' technology model, which is effective for software that caters to a broad market like a web servers or word processors. However, insurance technology requires complex functionality tailored to a specialized market. Our 'Shared Source' model enables insurance companies to collaborate independently in developing domain-specific solutions, resulting in significant cost savings. Like the open source model, membership in the shared source cooperative allows you to use the software and source code with minimal restrictions, while still safeguarding your information and emphasizing the importance of data security.
-
How are you different from other software vendors?
A software vendor is simply a purchase decision for your organization, while a consultant is someone you engage to provide expertise or additional manpower. However, over time your influence with a software vendor often diminishes as the vendor's control over the relationship grows. In a true partnership, both parties continuously adjust the relationship for mutual benefit. We're not interested in being just a vendor or controlling your decisions. Our business model eliminates the usual tactics found in license contracts that 'lock in' customers. Instead, we are your Shared Source Technology Partner.
-
How do I protect my business from other members with whom I compete?
This concern has long been an issue in technology collaborations, and it applies to a vendor relationship as well. We have two main methods to protect your interests. First, the specific content of your insurance products - such as rates, rules, and forms - is never shared with other customers; only the underlying software code is shared. Think of it like using Microsoft Office or other commercial software; the software is the same for everyone, but the contents of your documents remain private. Second, we provide proprietary software coding for your company that isn't shared with other members. This is managed through our pricing structure. If you're okay with sharing functionality, we offer a 'members' rate for the development and implementation. If you want the functionality to remain exclusive to your company, we have a higher 'market' rate for those services.
-
What does 'Shift Left' mean?
'Shift Left' is a popular term in the technology ecosystem, generally meaning to bring processes or technology closer to the customer for faster and more efficient outcomes. It's about improving service and achieving better business results. We're applying this concept to how technology is deployed. Our approach focuses on redesigning implementation workflows to minimize or eliminate reliance on IT for essential business tasks like rate and form updates, underwriting questions and decision-making rules.
-
Why did we choose to focus on Property & Casualty Insurance first?
Property and Casualty Insurance is a complex industry that demands advanced technology, making it both challenging and costly. Many companies choose to 'outsource' their IT needs to vendors, which can limit their future options - a situation we call the IT Vendor Treadmill. Unlike other vendors, InsurXcel℠ aims to be Your Shared Source Technology Partner, giving you control over the software you implement on your own terms.
-
How is InsurXcel℠ affiliated with the University of Wyoming?
Wyoming is an extremely business friendly state. The University has supported the Wyoming Technology Business Center (WTCBC) since 2006; an innovation-driven business incubator working to advance the University of Wyoming's mission to support economic and community development. InsurXcel℠ has utilized many of these services and participates regularly in the networking and education opportunities provided by the WTBC. We maintain relationships with the professors of the Business and Computer Science departments and offer intern opportunities to UWyo students.