Lexasure Financial Group
Reinsurance-as-a-Service (RaaS) and digital insurance technology platform for Asian primary insurers
Overview
Lexasure Financial Group is a reinsurance and insurance technology provider serving primary insurers and MGAs across Southeast and South Asia. The company operates LexasureCloud 1.0, a cloud-based B2B2C platform that delivers policy management, claims processing, analytics, and capital management capabilities in a single system. The platform addresses a specific market gap: small and medium-sized Asian insurers underserved by expensive, complex enterprise systems.
Founded by CEO Ian Lim (25+ years in reinsurance, formerly BMS Asia and SiriusPoint), the company brings over 150 years of collective leadership experience in reinsurance and insurance technology. Lexasure operates multiple business divisions including direct insurance products (life, health, auto, property, cyber, agricultural), corporate solutions (captive management, wholesale insurance), and digital platforms designed for regional distribution partners and institutional finance channels.
The company announced a Business Combination Agreement with Capitalworks Emerging Markets Acquisition Corp in March 2023 (USD 250M pre-money valuation), positioning it for public listing. Operating subsidiary Front Street Re maintains institutional-grade security and risk management standards.
Products & Services
LexasureCloud 1.0
Scalable cloud-based B2B2C platform launched May 2023 for reinsurance and insurance distribution.
Key Features
- Policy management and digital underwriting
- Claims management and automation
- Real-time data analytics and reporting
- Financial capital management
- Multi-product, multi-channel support (direct and wholesale)
Target Users: Primary insurers, MGAs, reinsurers, distribution partners
Flourish
Agricultural insurance platform designed for institutional finance and smallholder farmer insurance across Southeast Asia. Launched November 2022.
Target Users: Agricultural institutions, micro-finance providers, farming cooperatives
Vivacity
Health and life insurance customer portal and B2C product offering life and health insurance investments and coverage. Launched December 2022.
Target Users: Individual consumers, institutional health/life programs
Atlas
B2B insurtech portal for primary insurers rolled out October 2023 at the Singapore International Reinsurance Conference. Enables insurers to access reinsurance and risk management services digitally.
Target Users: Regional primary insurers
Direct Insurance Products
Specialty underwriting and coverage across life investment products, automotive, property, cyber, health, and agricultural sectors.
Target Users: Regional end-customers and institutions
Corporate Solutions
Captive insurance management, wholesale insurance placement, investment management, and advisory services for corporate clients.
Target Users: Large corporate clients, multinational enterprises
At a Glance
- Founded
- 2022
- Headquarters
- Grand Cayman, Cayman Islands
- Employees
- 51-200
- Funding
- Bootstrapped
Category & Focus
- Category
- Reinsurance Technology
- Subcategories
- Core Administration Distribution & Sales
- Insurance Verticals
- Reinsurance Life & Annuity P&C Commercial Health Specialty
- Target Customers
- Carriers, MGAs, Reinsurers
Customers
- OneDegree Global (cyber insurance partnership)
- My Car Consultant (auto insurance partnership)
- Qornerstone (real estate risk mitigation)
- AgriG8 (agricultural finance and farmer insurance access)
- Blimobil/PT Nawa Carciege Indonesia (auto and home appliance insurance)
Last updated: 2026-06-14