New INSTANDA, UnderwriteMe Collaboration Enables Greater Scalability, Agility and Reach for Life Insurers
NEW YORK, N.Y. — May 16, 2024 — INSTANDA, the global provider of no-code insurance platform technology, today announces an integration with UnderwriteMe, a comprehensive SaaS underwriting platform provider for the life insurance industry. The collaboration will allow clients to implement INSTANDA’s distribution and policy administration platform while benefiting from best-in-class underwriting automation through UnderwriteMe across international markets.
The combination of INSTANDA’s no-code core platform and UnderwriteMe’s advanced underwriting technology provides the life insurance market with an integrated offering that streamlines distribution channels and enhances operational efficiencies. This new integration will be available in four markets: the North America, UK & Ireland, ANZ and Asia — helping to solve problems unique to each region. With the incorporation of INSTANDA’s no-code platform, insurers can reach markets with greater speed, ease and confidence. The scalable simplicity provided by INSTANDA invites and encourages users to transform their life insurance offerings to attract and place new business quickly, conveniently and efficiently.
“INSTANDA’s bold ambition is to transform insurance using our no-code core platform to create better outcomes for the end consumer,” explained Tim Hardcastle, co-founder and CEO of INSTANDA. “Our partnership with UnderwriteMe will allow us to successfully collaborate with modern and progressive insurers across the globe – giving them the tools to create new efficiencies and cutting-edge underwriting — while also playing an important role in accelerating the expansion of our life and health proposition.”
Both companies acknowledge this new collaboration will afford forward-thinking insurance carriers avenues to reduce their total cost of ownership on technology while enabling greater agility in decision making to ultimately benefit consumers. Given the ongoing talent gap in insurance and technology, this integration can play an important role in easing the burden.
“We are excited to collaborate with INSTANDA and, through the integration of their product with ours, help more insurers make the move towards greater digitization,” said James Tait, CEO of UnderwriteMe. “The integration means life insurers can better access and deploy the latest tools, techniques and data that will transform underwriting automation as we know it, regardless of where they are in the world, their size and scale and product suite.”
About INSTANDA:
INSTANDA offers a complete digital platform for innovative insurers. Whether digitizing your entire business, or launching a new innovative product, INSTANDA provides everything you need to transform your value offering for the modern world. Visit http://www.instanda.com/us to find out how we help insurers deliver unparalleled value for their clients.
About UnderwriteMe:
UnderwriteMe provides technology products that enable our partners to transform and disrupt the life insurance industry worldwide. Founded in 2012, our journey started with the Underwriting Engine and Protection Platform in the UK. We have grown to become a leading InsurTech provider across Europe, Asia, Australia and North America with an expanding product portfolio.
UnderwriteMe were named Best New Partnership at the 2023 UK COVER Customer Care Awards and won the UK Protection Review Innovation Awards in 2023. In addition UnderwriteMe’s technology continues to be rated number one in Asia, by NMG for overall quality, adaptability and content configuration.
