Developed with blockchain technology, addenda is a platform that facilitates, centralizes and manages all communications that take place between insurers during the recovery process of motor claims. It allows insurers to have a single overview of their recovery receivables/payables, whilst providing the tools and information needed to improve the motor recovery claims process.
Industry Challenge
Unpaid recovered settlements on motor claims cause a major financial strain on the insurance industry. There is no digital solution to assist insurers in centralizing activities and documentation to provide transparency to the process.
Our Solution
Addenda offers a single platform for all insurers with a fixed rate per claim. The system is also 100% auditable and protects sensitive data through advanced security features.
Main Features
- API Flexibility
- Cloud based hosting
- Enhancements with XA Digital products
- Insurer panel part of an advisory forum
- Arabic / English
