Rexit
SaaS platform for insurance operations and financial services management in Asia-Pacific
Overview
OpenMove AI Berhad (formerly Rexit Berhad) is a core administration and policy management platform provider serving insurance carriers, agencies, and financial services organizations across the Asia-Pacific region. The company specializes in web-based SaaS solutions that cover the full insurance operations lifecycle, from policy sales and underwriting through claims processing and commission management.
The company delivers its solutions through a cloud-based SaaS model with 24/7 availability. Core offerings include InsuranceSuite for end-to-end insurance operations, e-Cover for online policy transactions and certificate printing, CommissionSuite for intermediary compensation management, and an integrated insurance management system (IIMS) covering product development, underwriting, reinsurance, claims, and accounting. The company rebranded from Rexit Berhad to OpenMove AI Berhad in January 2026 to reflect an expanded focus on generative AI and agentic frameworks for insurance automation.
Founded in 1998 and headquartered in Petaling Jaya, Malaysia, OpenMove AI is a publicly listed company on the Kuala Lumpur Stock Exchange (KLSE: 0106). The company reported record net profit of MYR 11.1 million for FY2024. With 87 employees, the company serves government agencies, insurance carriers, and major financial institutions across the Asia-Pacific region.
Products & Services
InsuranceSuite
Comprehensive insurance operations management platform covering digital transformation of insurance processes from sales through internal operations. Enables 24/7 online policy transactions, certificate printing, and full operational functions for carriers and agencies.
Key Features
- End-to-end policy lifecycle management
- 24/7 online transaction processing
- Agent and intermediary management
Target Users: Insurance carriers and agencies
e-Cover
Online transaction portal enabling agents and customers to process insurance policies and print certificates at any time.
Key Features
- 24/7 policy issuance and renewal
- Instant digital certificate printing
- Web-based agent access
Target Users: Insurance agents and policyholders
CommissionSuite
Automated commission and compensation management solution handling complex commission structures and calculations for insurance intermediaries.
Key Features
- Complex commission structure support
- Automated calculation and reconciliation
- Intermediary and agent compensation tracking
Target Users: Insurance carriers managing agent networks
Agency Portal
Web-based and mobile-responsive digital solution providing comprehensive digital services to insurance agencies and intermediaries.
Key Features
- Mobile-responsive interface
- Agency operations management
- Digital service delivery
Target Users: Insurance agencies and intermediaries
Integrated Insurance Management System (IIMS)
Customer-centric platform covering core insurance operational functions.
Key Features
- Product development and management
- Underwriting and policy administration
- Reinsurance management, claims processing, and accounting
Target Users: Insurance carriers
AI Solution (OpenMove AI)
Generative AI framework for insurance operations, built on agentic AI frameworks to automate insurance quoting, selling, and servicing workflows.
Key Features
- Generative AI for insurance automation
- Agentic frameworks for operational workflows
- Integration with existing insurance systems
Target Users: Insurers, agents, and insurance partners
National Health Services Solutions
Government takaful (Islamic insurance) assistance scheme management solutions for public sector insurance programs.
Key Features
- Government scheme administration
- Takaful program management
Target Users: Government agencies
At a Glance
- Founded
- 1998
- Headquarters
- Petaling Jaya, Selangor, Malaysia
- Employees
- 51-200
- Funding
- Public
Category & Focus
- Category
- Core Administration
- Subcategories
- Policy Administration Commission Management Agency Portal Claims Management AI-Powered Insurance Automation
- Insurance Verticals
- P&C Commercial Life & Annuity Specialty/E&S
- Target Customers
- Carriers, Agents/Agencies
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Last updated: 2026-06-16