PriyaPatel
TLDR:
- INSTANDA and UnderwriteMe collaborate to transform life and health insurance offering.
- The integration of INSTANDA’s no-code core platform and UnderwriteMe’s underwriting automation enhances operational efficiencies within Life Insurance.
Article Summary:
INSTANDA & UnderwriteMe team to transform life insurance with no-code tech
InsurTech firm INSTANDA has integrated with UnderwriteMe to accelerate the expansion of its life and health insurance offering. The collaboration will allow clients to implement INSTANDA’s distribution and policy administration platform whilst benefiting from 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 and 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. This reduces the placement time of business and makes the product simply accessible to those looking to scale and transform their life insurance offering. INSTANDA’s integration with UnderwriteMe is suited for progressive insurance carriers looking for ways to reduce their total cost of ownership on technology while delivering value to end consumers through the speed of decision-making. Tim Hardcastle, Co-founder and CEO of INSTANDA said 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.” 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 digitization. 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.”
