Exaxe are getting ready to officially launch their Robo Advice platform for the European market. Exaxe has invested heavily in R&D to build a solution that provides a new and innovative approach for advisers and L&P organisations to offer their clients sophisticated options with enhanced rebalancing capabilities. Unlike other advice solutions, which only provide a single product view, Exaxe’s sophisticated algorithms provide a full holistic, multi-product view incorporating a gap analysis.
Exaxe’s market research, with some of the leading European L&P organisations, has garnered very positive feedback, along with confirmation that there is not another product like Exaxe’s Robo Advice solution.
“We are very excited about initial feedback on our Robo Advice solution. It only goes to prove that we, with the backing of Enterprise Ireland, were right to invest our time and money in Robo” said Tom Murray, Head of Product Strategy.
Only recently did Accenture produce a report stating that "Seven out of 10 Consumers Globally Welcome Robo-Advice for Banking, Insurance and Retirement Services". Of the 33,000 people surveyed if found that 74% are now open to robo-advice to help determine which insurance coverage to purchase and 68% on how to plan for retirement.
We are expecting that the digital revolution that has transformed the way consumers buy online, music, hail taxis and communicate with each other is catching up to the life insurance and pension industry. Exaxe are leaders when it comes to working with companies on digitally enabling their staff, improving the interaction with consumers and intermediaries in real-time omnichannel environments and offering remote and robo advice at any hour on any platform.