Tag: Insly

Tradition is something to be honoured, but not at the expense of progress. In recent years insurance carriers have moved away from paper forms, and instead implemented digitalisation throughout their product. But there is more to come. In particular, the digital transformation of underwriting still remains a key headache.

Insly, a no-code software platform for insurers, insurance brokers and Managing General Agents (MGAs), has raised ?1.1m in a bridge round.

Insurance companies need to focus on digitalisation and utilising data’s full potential, before worrying about AI and blockchain technology, according to Insly founder and CEO Risto Rossar.

Cloud-based insurance platform Insly has closed a €2.2m funding round led by Concentric and Black Pearls VC.

Estonian InsurTech business Insly has raised €1m ($1.13m) from angel investors in a new Seed round.