INSTANDA, a leading global provider of SaaS platform technology for life insurance distribution and policy administration, has announced an integration with UnderwriteMe, a comprehensive SaaS underwriting platform provider for the life insurance industry.
This collaboration aims to enhance operational efficiencies within the life insurance sector by combining INSTANDA’s no-code platform with UnderwriteMe’s advanced underwriting technology.
INSTANDA, known for its innovative no-code core platform, offers a solution that streamlines distribution channels and allows insurers to reach markets with speed and ease.
UnderwriteMe, on the other hand, provides advanced underwriting automation that simplifies the underwriting process and reduces the placement time of business. The integration will be available in four key markets: the UK & Ireland, North America, ANZ, and Asia, each with unique regional needs.
The primary goal of this partnership is to provide an integrated offering that enables life insurers to benefit from both INSTANDA’s and UnderwriteMe’s technologies, reducing the total cost of ownership on technology and delivering value to end consumers through faster decision-making. This solution is particularly valuable as the industry faces talent shortages, with technology stepping in to ease the burden.
INSTANDA’s no-code platform allows insurers to implement their distribution and policy administration platform with ease, while UnderwriteMe’s technology provides best-in-class underwriting automation. This collaboration is set to benefit progressive insurance carriers looking for innovative ways to enhance their offerings and improve efficiencies.
Tim Hardcastle, co-founder and CEO of INSTANDA, commented on the collaboration: “At INSTANDA, we have bold ambitions to transform the insurance industry using our no code core insurance platform and ultimately create better outcomes for the end consumer.
“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. The life insurance industry has been an important growth area for us over the last year and this collaboration offers a winning formula that will play an important role in accelerating the expansion of our life and health proposition.”
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