What do the INsurTech (r)evolution, the INsurance core system and INSTANDA have in common?

“INSTANDA for example has 45+ clients, from MGAs to Insurers, that they have helped launch new propositions and products to market in c8 – 12 weeks each, often less.”

Nigel Walsh, Partner at Deloitte

Deloitte Partner and InsurTech Insider Co-Host Nigel Walsh discusses what he sees as an emerging insurance core system revolution in his latest LinkedIn article, featuring INSTANDA.

Nigel writes that the more InsurTech founders he meets, the more he is convinced that the lowest common denominator for the InsurTech revolution is the core system itself, most notably the PaS (Policy Admin System) and Quote and Bind process that allow insurers to move with more speed and flexibility.

Analysing the varying approaches being adopted by new providers, he highlights the benefits that our agile service offers MGAs and Insurers and why he sees INSTANDA as a challenger to the traditional legacy.

The blog categorises these InsurTech ‘challengers’, featuring us within Category 1 – a modern day equivalent of the traditional (large) core system provider. All-encompassing with a huge amount of flexibility, either to operate standalone or integrate into the carriers existing standard tools for rating, documentation, and so on.

Find out more about how we encompass this ‘new breed’ of InsurTech and our work with Deloitte via the full LinkedIn article here.