Hot on the heels of its $19.5m Series A round in March, INSTANDA has now announced that it is available through the Microsoft Azure Marketplace.
INSTANDA is the insurance industry’s first no-code business platform used by insurers, MGAs and brokers worldwide and is transforming the way products are brought to market and policies are managed.
Its no code platform enables both new products to be easily configured within days, and existing books of business migrated in a matter weeks. Complete with full underwriting capabilities, all classes of insurance are covered on the platform.
“The timing of this announcement is significant as the world adapts to the unprecedented change as a result of COVID-19 – the rise of remote working being one of them,” said Tim Hardcastle, INSTANDA founder and CEO.
“As a result, cloud-based platforms are coming to the fore as businesses seek to establish business continuity in their sector. For the insurance industry more specifically, the technology to enable this is readily available for insurers, MGAs and brokers around the world. INSTANDA and the Microsoft Azure Marketplace are prime examples of this, providing the industry with seamless tools that can be accessed easily and securely from anywhere in the world.”
Sajan Parihar, senior director of the Microsoft Azure platform at Microsoft, added, “We’re pleased to welcome INSTANDA as the first insurtech business to join the Microsoft Azure Marketplace. Our platform provides our partners great exposure to cloud customers around the globe. Azure Marketplace offers world-class quality experiences from global trusted partners with solutions tested to work seamlessly with Azure.”
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