INSTANDA Wins 'Best Insurance Management System' at the 2024 Global Insurtech Awards
We are thrilled to announce that INSTANDA has won the 'Best Insurance Management System' category at the 2024 Global Insurtech Awards. This achievement spotlights how INSTANDA empowers insurers to rapidly adapt to market changes and meet evolving customer needs.
Why INSTANDA Stood Out
Empowering Insurers Globally
INSTANDA's award-winning no-code platform facilitates rapid market entry and adaptability. The platform offers a unified workspace for business, IT, and operations teams to configure, test, and deploy products seamlessly. Anyone within an insurance business can use INSTANDA to build products, design questions, manage ratings, and develop dynamic forms—all without the typical development costs and delays. For progressive insurers looking to outpace their competition, INSTANDA is a proven solution.
A Solution for Scalable Growth
Award judges learned how INSTANDA is leading a paradigm shift in insurance technology, providing scalable solutions tailored to both high-volume and complex, low-volume books of business. By targeting a Total Cost of Ownership between 1 and 2% of GWP, INSTANDA offers insurers incredible economies of scale, supporting accelerated growth across diverse product complexities and volumes.
Speaking about the award win, Tim Hardcastle, CEO and Co-Founder of INSTANDA, shares:
"INSTANDA empowers insurers to swiftly adapt to market dynamics and deliver tailored solutions to diverse customer segments, all while drastically cutting technology costs. Our acknowledgment at the Global Insurtech Awards 2024 underscores our pioneering spirit and commitment to revolutionising the insurance landscape.
“We proudly extend our congratulations to our esteemed clients, valued partners, and the dedicated team at INSTANDA, whose collective efforts continue to drive a profound transformation within the insurance sector, ultimately benefiting both the industry and its customers."
A Customer-Centric Approach
INSTANDA also enhances customer journeys by providing brokers and customers with greater choice and control.
From automated renewals to QR code-initiated policies, brokers can manage sales and renewals effortlessly while customers enjoy a seamless and intuitive experience.
Regulatory Compliance
Demonstrating how our software helps clients meet their regulatory obligations stood out to judges. With all clients on the same platform, everyone benefits from real-time regulatory updates. Customisable workflows allow insurers to tailor compliance processes to their specific needs. Furthermore, INSTANDA's advanced open-API and partnerships, such as our collaboration with InsCipher, simplify regulatory compliance, enabling our clients to quickly expand their geographic reach.
A Catalyst for Growth
INSTANDA's story is one of success and empowerment. Adaptability is crucial in today's fast-paced market, allowing carriers and MGAs to respond quickly to consumer demands and regulatory changes. This award is a testament to our commitment to excellence and our vision for the future. Together with our clients and partners, we are creating a more accessible, efficient, customer-focused insurance landscape.
Want to learn about how INSTANDA could help you realise your ambitions? Reach out to start the conversation. We look forward to hearing from you!
