Meet Eric Cole, the Delivery Manager for INSTANDA in North America. He joined the INSTANDA team in January 2021 and, in his own words, “I get great satisfaction for a successful delivery and a happy customer.”
Digital insurance leader announces the additions of seasoned industry experts, Paul Gabrik and Debbie Wilson, to build on impressive North American market momentum
As the insurance industry is facing a faster evolving risk landscape, consumers are getting used to immediate satisfaction through digital means. Therefore, insurance companies that rely on more traditional models will begin to see their business erode from those insurers who begin to give the customer what they want. Yet, what does this mean? Read on to learn how the fierce competition in the insurance industry and speed to market drives market share. Now, more than ever, insurers must learn how to be agile and use modern technology to seize opportunities ahead of competitors.
INSTANDA participated in the InsurTECH Hartford & NY virtual conference in March 2021 as Greg Murphy, EVP of North America for INSTANDA gave a TED Talk on the importance of getting insurance products to market to quickly.
Not only should a platform enable carriers and MGAs to transform in stages, but it should also provide one version of the software at any time. Legacy systems are typically deployed on the ground, meaning that there might be multiple versions of the same software, thus providing opportunities for insurers to miss important platform updates. Read to learn more about driving client success through cloud native platforms.
Take a deep dive into the apparent disconnect between insurers and the opportunity to deliver beyond mediocre for customers, between teams, and between the old and new in insurance. Explore the radical change that is required within the industry, and what the post-COVID digital insurer looks like.
The insurance industry, while mature, has traditionally been slow to embrace new technology. Yet P&C insurers are facing a faster evolving risk landscape. The effects of changing climate change patterns, pandemics, the growing cyber world, and changing customer expectations mean the industry is headed for a significant era of disruption. Time is therefore of the essence – to capitalize on these new potential areas of coverage, insurers need to move quickly.
Traditionally, legacy systems have been the norm for insurers. These systems can take years to develop and, once a product is on the market, it can take months to make a simple change. Read to learn how to change the status quo by transforming in stages through modern insurance technology.
Technology has long been touted as the answer to the insurance industry’s greatest challenges. But until recently, a lethal mix of code-heavy design, internal risk aversion and disappointing results from legacy technology has made the realization of responsive solutions elusive. Read on to see how insurtechs have now proven that this is no longer the case.
With legacy platforms, insurers rely on heavy IT involvement to build new products – meaning it can take years before a product is released to the market. However, modern technology should enable insurers to speed up the process; taking weeks or months, not years, to develop new or change existing products. Read on to see how insurers can be empowered to design without technology knowledge.
How can a modern insurer cater to consumer demands? Building and nurturing customer relationships has become increasingly challenging, and consumer preferences are becoming more unpredictable. Read our latest blog post on keeping up with the consumer and how insurance will evolve post-pandemic.