NEW YORK, Jan 27, 2022 (GLOBE NEWSWIRE) — After strong results in 2020, LiquidX’s insurance business continued its positive momentum by posting 600% revenue growth and expanding its network to more than 350 unique users of the insurance platform in 2021. This growth was Largely driven by the adoption of the LiquidX Partner Program, a whitewashed offering that enables clients across the credit insurance value chain – brokers, insurers, alternative risk providers, and insured parties – to digitize their operations by leveraging LiquidX technology.
“Demand for our products has risen as industry stakeholders aim to increase efficiency, reduce risk, and scale more effectively. Our customers have recognized that digitization is key to achieving these goals,” said Jim Tovey, CEO of LiquidX. Over 50% of credit insurance, management, and transactions are done digitally, and this adoption continues to accelerate at a faster rate every year. The winners in this space are companies that are fully embracing digitization.”
LiquidX pioneered building the world’s first digital credit insurance platform in 2018 and launched InBlock Digital Policy Management in 2021. Designed specifically for the credit insurance industry, this solution leverages blockchain and AI technologies while seamlessly integrating policies into working capital and broader risk management Processes.
“The key to our success has been the ability to offer our clients innovative and flexible solutions at competitive prices. We employ subject matter experts who work hand-in-hand with clients during all stages of engagement. This consultative approach ensures our clients receive the best-in-class user experience, on time and within budget. ,” said Todd Linnady, Global Head of Assurance at LiquidX. “While we provide an end-to-end solution, our modular approach provides the flexibility to enhance or complement legacy systems that are already in place. Interconnection and interoperability are the primary factors in our offering.”
The market has noted LiquidX’s results and innovations in 2021. The company was named a Top 10 Contestant in the Singapore FinTech Festival (SFF) Global FinTech Awards, sponsored by the Monetary Authority of Singapore (MAS), and one of the top five Insurtech spots at the Benzinga Awards Global Fintech.
LiquidX also expanded its global presence in 2021 with the addition of Alex Bursak, Regional Director of Insurance, based in Singapore. Further expansion into Europe is planned during 2022.
LiquidX is a global technology leader that empowers financial professionals to conduct faster, smarter, and cheaper transactions by digitizing and automating trade finance and working capital management. Headquartered in New York with offices in Boston, London and Singapore, LiquidX offers the industry-leading ecosystem of working capital improvement to its diversified network of global participants including corporations, banks, institutional investors and insurance providers. LiquidX incorporates blockchain technology and machine learning analytics to enhance transparency, reporting and forecasting for financial professionals. To learn more about our next generation solutions, please visit Liquidx.com.
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