The latest from Instanda who have got together with Underwrite Me. The result of this collab should be streamlined underwriting of risk, utilising a no-code platform. It’s all good. Here’s the details;
INSTANDA, a leading global provider of SaaS platform technology for life insurance distribution and policy administration, has announced an integration with UnderwriteMe, a comprehensive SaaS underwriting platform provider for the life insurance industry. The collaboration will allow clients to implement INSTANDA’s distribution and policy administration platform whilst benefiting from best-in-class underwriting automation through UnderwriteMe across global markets.
The combination of INSTANDA’s no-code core platform and UnderwriteMe’s advanced underwriting technology provides the market with an integrated offering that streamlines distribution channels and enhances operational efficiencies within Life Insurance. The integration will be available in four key markets: the UK & Ireland, North America, ANZ and Asia – helping to solve problems, unique to each region.
The solution allows insurers to use a no-code platform approach to reach markets with speed, ease, and confidence – reducing placement time of business and making product simplicity accessible to use for those looking to scale and transform their life insurance offering.
INSTANDA’s integration with UnderwriteMe is perfectly suited for progressive insurance carriers looking for ways to reduce their total cost of ownership on technology, while at the same time delivering value to end consumers through speed of decision making. This also comes at a time when the labour market across the industry is stretched for talent and suffering shortages of software engineers and underwriters. In this instance, technology can step in and play an important role in easing the burden.
Tim Hardcastle, Co-founder and CEO of INSTANDA comments on the collaboration: “At INSTANDA, we have bold ambitions to transform the insurance industry using our no code core insurance platform and ultimately create better outcomes for the end consumer. Our partnership with UnderwriteMe will allow us to successfully collaborate with modern and progressive insurers across the globe – giving them the tools to create new efficiencies and cutting-edge underwriting. The life insurance industry has been an important growth area for us over the last year and this collaboration offers a winning formula that will play an important role in accelerating the expansion of our life and health proposition.”
James Tait, CEO of UnderwriteMe added: “We are excited to collaborate with INSTANDA and, through the integration of their product with ours, help more insurers make the move towards greater digitisation. The integration means it is even easier for life insurers to access and deploy the latest tools, techniques and data that will transform underwriting automation as we know it – regardless of where they are in the world, their size and scale and product suite.”
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