INSTANDA, the leading customer and policy management platform for the insurance industry, today announced the availability of the INSTANDA platform in the Microsoft Azure Marketplace, an online store providing applications and services for businesses globally.
INSTANDA customers can now take advantage of instant, secure access from MS Azure with all the SaaS benefits of streamlined deployment and compelling economics. This is the insurance industry’s first no-code business platform used by insurers, MGAs and brokers worldwide, according to the company press info, and is transforming the way products are brought to market and policies are managed.
Its no code platform enables both new products to be easily configured within days, and existing books of business migrated in a matter weeks. Complete with full underwriting capabilities, all classes of insurance are covered on the platform.
Existing clients have reported seeing a return on investment within weeks through reduced operating costs, increased revenues, and the ability to respond efficiently to customer and broker needs with more personalised experiences at scale.
Tim Hardcastle, INSTANDA founder and CEO commented: “The timing of this announcement is significant as the world adapts to the unprecedented change as a result of COVID-19 – the rise of remote working being one of them.
“As a result, cloud-based platforms are coming to the fore as businesses seek to establish business continuity in their sector. For the insurance industry more specifically, the technology to enable this is readily available for insurers, MGAs and brokers around the world. INSTANDA and the Microsoft Azure Marketplace are prime examples of this, providing the industry with seamless tools that can be accessed easily and securely from anywhere in the world.”
Sajan Parihar, Senior Director, Microsoft Azure Platform at Microsoft Corp said: “We’re pleased to welcome INSTANDA as the first insurtech business to join the Microsoft Azure Marketplace. Our platform provides our partners great exposure to cloud customers around the globe. Azure Marketplace offers world-class quality experiences from global trusted partners with solutions tested to work seamlessly with Azure.”