INSTANDA & UnderwriteMe revolutionizing life insurance with no-code technology!

May 24, 2024
1 min read




Article Summary

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.”


Latest from Blog

Your Daily InsurTech Briefing – 2024-06-24

Let’s see what’s in the news today. Labor Insurance Supplies Market Latest Trends, Technological Advancement, Driving Factors and Forecast to 2030 The Labor Insurance Supplies Market has witnessed continuous growth in the

CRC Group boosts leadership team

TLDR: CRC Group, a leading wholesale specialty insurance distributor in North America, has appointed three new executives to its leadership team. Jessica Marshall is now the chief marketing officer, Mike Baeurle is

Your Daily InsurTech Briefing – 2024-06-23

Let’s see what’s in the news today. Why actuarial expertise is now key for insurers As the insurance sector undergoes a rapid evolution in regard to its pricing challenges, José María Castelo

Technology claims: industry adapts.

Claims Technology Adaptation in the Insurance Industry TLDR: Key Points: Rapid advancements in Insurtech and technology have disrupted the insurance industry, particularly in claims processing. The adoption of technology in claims processes,