INSTANDA, a global frontrunner in no-code insurance platform technology, collaborates with Farmsure Underwriters Ltd, a leading name in agricultural insurance.
This strategic partnership aims to revolutionize insurance solutions for the agricultural sector by combining INSTANDA’s state-of-the-art technology with Farmsure’s extensive expertise in agricultural risk management.
The collaboration arrives at a pivotal moment for the agricultural industry, which is grappling with a myriad of complex challenges. These include climate change ramifications, shifting regulatory frameworks, and market uncertainties influenced by factors like rising living costs affecting supply and demand.
In response, the farming community needs agile, effective, and customer-focused insurance products. INSTANDA’s advanced digital platform will be instrumental in helping Farmsure streamline product development and distribution, making insurance offerings more adaptive to these challenges.
INSTANDA stands out with its cloud-based, no-code platform, facilitating the rapid creation and deployment of new insurance products by Farmsure. This technology empowers underwriters and product teams to customize insurance offerings, simplifying processes like risk assessment and endorsement addition for brokers.
Farmsure, leveraging this technology, has developed a comprehensive Farm Policy solution. It covers a wide range of farming aspects, including liabilities, livestock, diseases, buildings, and home contents. INSTANDA’s flexible, modular platform has been pivotal in enabling this level of customization and rapid product tailoring.
The efficiency gains from using INSTANDA’s platform have allowed Farmsure to manage growth effectively while maintaining high service quality. The platform’s impact has been significantly positive, enhancing underwriting focus on risk assessment, pricing, and performance.
INSTANDA CEO and co-founder Tim Hardcastle said, “Farmsure’s longstanding experience in the agricultural insurance domain, combined with INSTANDA’s digital capabilities, means the complex needs of individual farmers and agribusinesses can now be better met. This is something we’re extremely proud of. The partnership will help transform the sector – allowing greater innovation and enhancing risk management – ultimately helping to safeguard farming operations for the future.”
INSTANDA is a global leader in life insurance distribution and policy administration SaaS platform technology. Their no-code platform allows insurers to rapidly build, launch, and manage products, meeting modern consumer needs with agility and flexibility.
Farmsure, with nearly 35 years of experience, is a trusted agricultural insurance specialist. They offer comprehensive risk management solutions for farmers and agribusinesses, focusing on a wide range of risks while promoting sustainable practices in the sector.
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