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How Nexel Transforms Your Risk Management

Discover how our AI-powered platform integrates process management with dynamic insurance provisioning to reduce costs and improve protection.

The Nexel Process

Our streamlined approach combines the best of technology and insurance expertise to deliver unmatched value.

1. Sign Up & Business Profile

10 minutes

Create your account and complete a comprehensive business profile including industry, size, operations, and current risk factors.

Industry-specific questionnaire
Upload existing documentation
Connect business systems
Nexel AI Assistant
Online
Welcome to Nexel! I'll help you set up your business profile. What industry are you in?
We're a fintech startup with 25 employees
Perfect! I've identified key risk areas for fintech companies. Let's start with your data handling processes. Do you process customer financial data?
Yes, we handle payment processing and customer account data
Great! I've pre-populated a compliance checklist for PCI DSS and SOX requirements. This will help optimize your coverage.
Live Demo

2. Process Documentation

1-2 weeks

Use our AI-powered tools to document your business processes, identify risks, and establish compliance frameworks.

Drag-and-drop process builder
Template library
Compliance tracking
Nexel AI Assistant
Online
I've analyzed your uploaded documentation. I found 12 undocumented processes that could impact your risk profile.
Which ones are most critical?
Your incident response plan and data backup procedures have the highest risk impact. I can help you create these using our templates.
Yes, let's start with incident response
I've created a draft based on fintech best practices. Review step 3 - it could reduce your cyber liability premiums by 15%.
Live Demo

3. Risk Analysis & Scoring

Real-time

Our AI analyzes your operations and generates real-time risk scores with actionable improvement recommendations.

AI-powered risk assessment
Benchmarking against peers
Improvement recommendations
Nexel AI Assistant
Online
Your current risk score is 7.2/10. Here's how you compare to similar fintech companies:
🔴 Cyber Risk: 8.1 (Industry avg: 6.5)
🟡 Operational Risk: 6.8 (Industry avg: 7.2)
🟢 Financial Risk: 5.9 (Industry avg: 7.1)
What can we do about the cyber risk score?
I recommend: 1) Implement MFA (score +0.4), 2) Update backup testing frequency (score +0.3), 3) Add employee security training (score +0.5)
If we implement all of these, what's the premium impact?
These improvements could reduce your cyber liability premium by approximately $2,400 annually.
Live Demo

4. Dynamic Insurance Matching

15 minutes

Get matched with optimal insurance products from multiple carriers based on your risk profile and needs.

Multi-carrier quotes
Dynamic pricing
Coverage optimization
Nexel AI Assistant
Online
Based on your risk profile, I've found coverage options from 8 carriers. Here are the top 3 matches:
Carrier A: $12,400/year (best coverage)
Carrier B: $10,800/year (best price)
Carrier C: $11,200/year (balanced option)
What's the difference in coverage between A and B?
Carrier A includes business interruption ($2M vs $1M) and higher cyber limits ($5M vs $3M). Given your revenue, I recommend Carrier A.
Can we negotiate the price?
Yes! Your improved risk score from the process documentation gives us leverage. I'll request quotes with your updated profile.
Live Demo

5. Ongoing Optimization

Ongoing

Continuous monitoring and optimization of both your processes and insurance coverage as your business evolves.

Automatic renewals
Process improvements
Risk monitoring
Nexel AI Assistant
Online
🚨 Risk Alert: I detected unusual transaction patterns that could affect your fraud liability. Should I investigate?
Yes, what did you find?
Transaction volumes increased 40% last month without updating your E&O coverage limits. I recommend increasing limits from $2M to $3M.
What's the cost impact?
Additional premium: $240/month. But this prevents a potential $50K gap in coverage. I can process this update automatically.
Please proceed
✅ Coverage updated! Your policy now reflects current business size. I've also scheduled a quarterly review.
Live Demo

Why Businesses Choose Nexel

Our integrated approach delivers measurable results across all aspects of risk management.

Reduce Insurance Costs

Save an average of 25% on premiums through better risk management and dynamic pricing.

Improve Compliance

Automated tracking and reminders ensure you never miss important compliance requirements.

Save Time

Streamlined processes reduce administrative time by up to 15 hours per week.

Real-time Insights

Get instant visibility into your risk profile and improvement opportunities.

Trusted by Thousands of Businesses

Join the growing community of SMEs that have transformed their risk management

5,000+
Businesses Protected
SMEs trust Nexel for their insurance needs
25%
Average Cost Savings
On insurance premiums through optimization
15 min
Average Quote Time
From application to quote delivery
98%
Customer Satisfaction
Based on verified customer reviews

Seamless Integration

Nexel integrates with your existing business tools and workflows, requiring minimal disruption to your operations.

Business Systems

Connect with QuickBooks, Salesforce, and other tools you already use.

Document Management

Import existing processes from Google Docs, Word, or other formats.

API Access

Build custom integrations with our comprehensive API platform.

Common Questions About Our Process

Get answers to frequently asked questions about how Nexel works

Still have questions? Contact our support team

Ready to Get Started?

Join thousands of businesses that have transformed their risk management with Nexel.

No credit card required • Setup in minutes • Cancel anytime