Why should MGAs look for outsourced technology solutions? We discuss the tipping points in digital innovation and how to grow your business with insurtech.
Between changing customer experiences, increases in extreme weather and disasters, and staggering increases in cyber attacks, insurers need flexible systems to remain agile.
We investigated the common misrepresentation of today’s policy administration solutions, as over-complicated systems that do not prioritize customer experience and are unable to implement new products quickly.
No-code platforms provide a simple way to create new product lines at speed, within one ecosystem and with the option to customize and personalize lines without having to run thousands of lines of code. Here are three reasons to adopt the latest exciting development in the insurance revolution.
Insurance and customer expectations for insurance are changing at lightening speeds. How have these expectations changed, and why? Read on to find out.
INSTANDA’s No-Code technology is the bridge from legacy to digital. It provides stakeholders with quick access to an easy-to-understand interface. Learn more.
No-code technology has changed many industries. Read our article to learn how INSTANDA is revolutionizing insurance, today!
The insurance industry is constantly changing, and recent factors are further accelerating this paradigm shift. Read to learn more about how the insurance experience is evolving.
As 2022 comes into view, insurers need to be aware of the key trends facing the insurance industry. Read on to learn the 4 ways insurers must prepare themselves for the future of insurance.
It is no mystery that technology is shaping the way we do business today. Nor is it a surprise, that the Software as a Service (SaaS) market size is projected to reach $307.3 billion by 2026. As an industry, it has been reported that SaaS has seen almost 5x growth in the last six years (from $31.5 billion to an estimated $145.5 billion) and it is projected that 85% of software used by organizations will be SaaS by 2025.
This is the second half in our two-part blog series highlighting the top five fears negatively impacting companies in the P&C sector. The first part unveiled time, money, and complexity as three of the leading reservations.
ITC Vegas 2021 is quickly coming up and we can’t wait to see you there! Check out our top reasons to attend ITC in Las Vegas this year.
The world’s largest insurtech event is back! ITC Vegas returns from October 4th to October 6th 2021, in person, at the Mandalay Bay resort in Las Vegas. A gathering of all the most exciting and innovative tech entrepreneurs, investors, and insurance industry incumbents, attendance is a must for any executive.
In Part 1, we reviewed the considerations for selecting a digital insurance platform. Read on to learn about ways to recognize the best insurance platform and benefits of selecting the right insurance platform.
In part 1 of this series, read the considerations insurance providers should keep in mind to determine which services make the best insurance platforms on the market and which to avoid.
In part one of this two-part series, we explore how fears about time, money, and complexity can impact a Chief Information Officer’s (CIO) decision-making process
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.
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.
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.
The insurance industry is full of intelligent and innovative individuals, who have spent years honing their skills in the marketplace. These individuals have incredible ideas on how to perfect the customer experience yet are confined by legacy systems that require insurers to stick with the same look and feel as their competitors. Read to learn how INSTANDA allows insurance experts to configure insurance products without limits!
Insurance technologies have made great progress over the past few years. Here we explore the opportunities for traditional insurers to transform their business models with innovative technologies, including our very own platform.
Many insurers are being held back by traditional, legacy systems – meaning that there is much hesitation in the marketplace to expand to new markets, simply because of the time and effort involved in creating a product. However, the industry is changing, showcased by the rise of insurtech companies that provide no-/low-code solutions. Read more to see how modern insurers can find a fully digital solution!
In part 1 of “how insurtechs are reshaping the insurance landscape,” we explored how insurers are enabled to innovate through cloud-native platforms. In part 2, we will be exploring the valuable insurtech opportunities that provide greater efficiency for insurers and MGAs.
Insurtech and digital innovations are transforming consumer habits and needs. As an industry that has traditionally changed slowly, insurance professionals must adopt technology to stay ahead of the competition. Early insurtech adopters have already enhanced their capabilities with the prospect of long-term gains. Read on to see how insurtechs are reshaping the insurance landscape.
With customer mindsets changing, it is important for insurers to adapt and change with these new expectations. However, many companies get stuck in the weeds of legacy systems that do not allow for quick and agile movements to their platforms. The result is that companies fall behind, frustrating their underwriters, agents, and customers with laborious processes. Read on to see the solution!
In the past, insurers have taken years to develop the “perfect” product. Yet, the issue is that those products end up outdated, before even hitting the market. Read how INSTANDA empowers insurers to configure products to meet their goals.
INSTANDA EVP for North America, Greg Murphy, recently had the opportunity to partner with London Underwriters and Bunch Insurance CEO, Daniel Feigenbaum, to speak at the 2021 WSIA Insurtech Conference. The session, entitled Insurtech Disruptors' Impact on Traditional MGAs, explored how traditional MGAs are seeing disruption within their channel and how tech tools are available to help these MGAs impact their business and revenue streams. Read on to learn how London Underwriters created their own insurtech in 2020.
As the insurance industry evolves, having a fresh perspective on traditional processes can make digital transformation a reality. Learn about what it takes to achieve true digital transformation and how the INSTANDA platform uses innovative technology to empower insurers.
Have you heard the term “Citizen Developer” before? Within the insurance industry, these “citizen developers” are individuals, typically business users, who can develop and maintain insurance products, without heavy involvement from IT. This allows companies the flexibility to create or update insurance products in a short amount of time. A useful resource to have on staff!
This International Women's Day we are celebrating the talented women working at INSTANDA. Learn more about who they are, how they are transforming INSTANDA, and the important roles they play within the business.
INSTANDA is created by insurers for insurers. In North America, we want to add to the many years of experience we have under our belt with new recruits. We are already well underway - read more to "meet" the newest hires at INSTANDA North America!
Innovation in P&C insurance is vital to industry survival. For that innovation to happen, we need to be prepared to think – and do – things a little differently. So, how can insurers harness innovation and use new technology to better serve customers? Let’s find out.
The insurance industry is one of the largest global industries, generating more than $5 trillion in annual revenue. Within the industry, the P&C segment generates approximately $1.6 trillion in premium, making up about a third of the total insurance industry. Read More.
The end goal for insurance companies is to insure as many customers as possible, at a profitable level. Yet, with traditional systems, it makes it difficult for those insurers to make changes to their platforms that will allow them to speed up the quoting process or bring new products to market. Read on to see how Greg Murphy believes that flexibility is the key to meeting consumer expectations.
Voltaire said, “perfect is the enemy of good.” For insurers to sell quicker and faster, it is time to stop spending millions to implement and launch a new product. Read more to see how industry leaders identify, validate and scale insurance opportunities
There are three ways to set your MGA up for success: The first step in creating your MGA is to be clear on the market offering and how it will differ from others. The second step is to create a distribution channel that needs what you have and wants a new way to fulfill their needs. Third, MGAs need to make the customer experience frictionless and fast. Read more.
Greg Murphy, EVP for INSTANDA North America, recently spoke as a panelist on the SVIA Innovation Trailblazer Series: Building a Digital MGA. He was joined by Greg Boutin from Relay and Dogan Kaleli, an insurance executive/former Head of Programs of Allianz. The panelists explored how an MGA can set itself apart using technology to transform their processes.
INSTANDA is proud to announce its November launch of the integration marketplace, a virtual marketplace that allows insurers to pick and choose pre-integrated technology solutions.
INSTANDA, the leading customer and policy management platform for the insurance industry, has revealed the findings of The Insurance Disconnect report, a deep dive into the sentiment of senior insurance leaders in the UK toward the capabilities of their existing IT systems.
Even in the midst of the pandemic, INSTANDA North America has seen significant growth this past year. Starting the year with only two clients, the North American team has closed eight deals this year, beginning the 4th quarter with a total of 10 clients for 2020.
Considering this past year, many companies have turned to working from home and are evaluating their business processes to better improve their employee and customer experiences. Companies have realized that not only do they need to improve business practices, they also need to do it quickly and efficiently. Click to learn more!
Clarity, diplomacy and openness. Three powerful digital transformation traits. Following on Greg’s last blog on digital strategy, he discusses the leadership behaviors and actions required to move the needle on innovation.
“You must have a mix of top-down and bottom-up for digital strategy to work” As the INSTANDA North America team looks ahead to the rest of 2020, Executive Vice President of INSTANDA (North America), Greg Murphy shares his thoughts on digital innovation:.
Innovation is key when evaluating underwriting processes and that it doesn’t take a multi-million-dollar project to transform your underwriting methods. Read EVP for North America, Greg Murphy, thoughts on how to transform and experience underwriting YOUR way!
From the start of his journey with INSTANDA, Greg Murphy, EVP for INSTANDA North America, is no stranger to digital transformation. In fact, he was first introduced to INSTANDA as a client and experienced the power of INSTANDA’s technology – leading him to leave a high-profile strategy role to join the company. Check out Greg’s words of advice when it comes to insurance digital transformation.
Head of Sales at INSTANDA, Chris Kay argues why we have to stop seeing technology as the silver bullet for Digital Transformation.
INSTANDA, provider of a cloud-based, digital ecosystem for property and casualty (P&C) insurance, is pleased to announce that commercial real estate insurance specialist New Empire Group has successfully implemented INSTANDA’s policy administration and billing
In our latest blog on how the sector can move the needle on digital transformation, INSTANDA’s CEO, Tim Hardcastle, talks frankly about the challenges of embracing a completely new way of working.
Greg Murphy, EVP North America for INSTANDA, chats with Avrohom Gotteil on the latest episode of the #AskTheCEO podcast. In this episode we share how INSTANDA’s partnership with Microsoft, our use of Azure, and the Azure Marketplace has empowered INSTANDA to scale and grow the business.
We're pleased to announce that Personal Care and Assisted Living Insurance Center, LLC (PCALIC) has successfully implemented INSTANDA’s policy administration and billing solutions.
As priorities shift for insurance organizations post-pandemic, INSTANDA positioned to help facilitate positive change and greater speed-to-market.
What is no code? With no code software, insurance product innovation teams no longer have to wait for developers with specialised skills to help build a product.
Never have we felt more connected. From everywhere we work, across the World, the INSTANDA team would like to say hello!
Today is International Women’s Day. In recognition of the women transforming the World of Insurance, we thought we’d celebrate the impact they’re having with a shortlist of some of the many inspiring female insurance businesswomen we know.
With nearly 6 million SMEs in the UK alone, contributing £2.2 trillion to the economy, the launch of Aviva’s new protection service for small businesses to help them work more confidently - cannot be overstated.
In his latest article, CEO & Founder of INSTANDA, Tim Hardcastle, discusses how business leveraging technology are speeding up processes, increasing flexibility, reducing costs, freeing up resources and driving profits.
Covenant Underwriters (Covenant) has successfully implemented the INSTANDA platform to handle the company’s policy administration and billing.
INSTANDA has announced an expansion of its services for global Insurer Hiscox. This strategic partnership, has been extended to manage both direct-to-consumer and broker products in four countries.
Earlier in the year, INSTANDA was one of 8 to be selected for the first batch of ‘InsurTech Europe powered by Plug and Play’ program. Find out more.
In a competitive market, agility is key. See how the digital insurance market is adapting to the future in Raconteur's, ‘Future of Insurance’
INSTANDA's insurance software empowers insurers to be compliant with GDPR. Learn more now.
Take advantage of new niche tech developments through insurance innovation. Read how to architect your technology capability for disruption, now!
INSTANDA simplifies the complex. That is why we are launching our insurance software solutions for claims. Learn about straight-through-processing now.
Tim Hardcastle, CEO of INSTANDA, spoke with CIR Magazine to talk about InsurTech and where the insurance market is going. Read the article, now!
For insurtechs, having a digital mindset is key to digital transformation. Click to learn the four reasons why!
Insurtechs are the answer on how to develop an insurance product in this digital-first age. Read this blog to learn how.
INSTANDA named one of the Oxbow Partners InsurTech Impact 25 list! Click to read now.
Insurance is changing and innovative insurance products are driving this change. INSTANDA has been chosen among 17 Insurtech firms to watch. Learn more now
How do insurance solution providers help insurers deliver good customer experience? Learn from top insurance leaders in our latest webinar, now.
INSTANDA is named an insurance startup improving underwriting. Learn how we are committed to underwriting improvements in our latest blog.
Digital transformation in insurance is changing the way insurers interact with customers. Read our blog to learn about the growing focus on optimising customer experiences to reflect the digital era.
Listen to Tim Hardcastle as he joins Nigel Walsh on the InsurTech Insider's Podcast, talking about the lessons learnt through the dotcom boom to starting INSTANDA.
INSTANDA was awarded the InsurTech Honours at the Insurance Inside Honours 2017 ceremony. Read to see the winners of the other categories.
INSTANDA is partnering with MGAM to provide a fully automated, insurance solution that will allow MGAM to quickly get products to market. Read more.
New partnership between INSTANDA and Concirrus now enables insurers to easily create, configure, and deploy IoT products. Learn more, now!