Insurance tech specialists, INSTANDA has joined GRiD, the industry body for group risk. INSTANDA sees such membership alliances as playing a key role within the insurance industry, for both growth and expansion of the member organisations, and also for the transformation of the industry as a whole.
Simon Candy, senior manager, propositions and business development for INSTANDA said: ‘We see it as our job to break into and digitise the group insurance market so that insurers can bring new products and services to market quickly. We value GRiD’s reputation, collective voice, and influence in increasing awareness and the need for group protection products.
“The new membership with GRiD comes at a time when INSTANDA has recently enrichened its platform with additional group capability making it easier for companies providing this type of insurance to automate parts of the group insurance processes for employers and their employees.”
As members of GRiD, the company will have exclusive access to networking events, specialist training, research and market-leading experts.
Paul White, chair of GRiD, said: ‘We have an increasingly diverse membership and this adds value to every member. With the continual developments of all areas of group risk, from products and services to distribution too, we have a great forum to facilitate sharing, learning and best practice. We welcome INSTANDA and very much look forward to working together.’
Group Risk Development (GRiD) is the industry body for the group risk sector, promoting the value to UK businesses of providing financial protection for their staff, enhancing their wellbeing and improving employee engagement. Our membership includes insurers, reinsurers, intermediaries and those operating in (or with other interests in) the UK group risk market. Together this forms a collective wealth of experience built over many years. Under the chairmanship of Paul White (head of technical, Howden Employee Benefits & Wellbeing) GRiD aims to promote group risk through a collective voice to Government, policymakers, stakeholders and employers.
GRiD works with government departments and regulators involved in legislation and regulation affecting group risk benefits, and with other organisations involved in the benefits and financial protection arenas. GRiD also seeks to enhance the industry's standing by encouraging best practice and by participating in industry-wide initiatives such as the professional qualification in group risk managed jointly with the Chartered Insurance Institute.
GRiD’s media activity aims to generate a wider awareness and understanding of group risk products and their benefits for employers and employees.
GRiD's dedicated spokesperson, Katharine Moxham, provides expert media comment on a full range of group risk issues.
Follow Katharine Moxham on Twitter @KMoxham
INSTANDA works with the leading carriers, MGAs and brokers in UK, Europe, North America, LATAM, Africa, Middle East and Australia. INSTANDA is the Insurance Industry’s first no-code business platform and allows insurers to break into new markets as well as overcome the drawbacks of legacy IT systems and embrace the benefits of digital transformation.
Converting the lethargic back office to an agile middle and front office with low upfront costs. Using INSTANDA, organisations can now think and act at the same speed, where rates, questions, documents, customer journeys can be amended in minutes and new products can be launched in days and weeks via the INSTANDA no code interface. ROI is delivered in months via dramatically reduced product manufacturing, underwriting and distribution costs with unrivalled customer experience.