Compass Underwriting is a specialist business focused on developing insurance schemes for start-ups and new insurance ventures. As such, many of its clients are looking to get products to market or to test new products quickly, simply and affordably.
Easy to use, value for money software
Compass Underwriting looked long and hard for an easy to use, value for money insurance sales and software solution. It then turned to F2X and were an early adopter of INSTANDA. As a business, it is now seeing all the benefits that it thought were possible. Multiple schemes easily set up running in parallel, price, rates and question set changed within minutes.
INSTANDA enables the creation of individually tailored products. This means Compass Underwriting can offer a bespoke solution that is adjustable, ongoing, and gives unique management control to the user.
Speed to market
Initially the appeal to Compass Underwriting’s clients was the speed. The simplicity of use and the level of user control in the quote and buy system. As mid-term and adjustments and renewals were increasingly achieved via smartphones and tablets, INSTANDA became a valuable management tool too. Not just for Compass, but for the customer as well, improving the overall experience and offering distinct advantage — especially for new ventures.
Crucial part of the business offering
INSTANDA has become a crucial part of Compass Underwriting’s business offering, particularly when approaching new clients and prospects. In many cases, business is won on the strength of the ability to provide such a solution and most don’t even believe it’s possible! A site can be up and launched in a few days — including a complete UAT — and it works.
“Creating new products or schemes and have them up and ready to distribute and sell online the same day. Amazing.”