INSTANDA, a global provider of SaaS platform technology for life insurance distribution and policy administration, has announced an integration with UnderwriteMe, a SaaS underwriting platform provider.
This collaboration enables clients to use INSTANDA’s distribution and policy administration platform while benefiting from UnderwriteMe’s automated underwriting across global markets.
The integration combines INSTANDA’s no-code core platform with UnderwriteMe’s advanced underwriting technology, streamlining distribution channels and enhancing operational efficiencies in life insurance.
The solution will be available in the UK and Ireland, North America, ANZ, and Asia, addressing region-specific challenges.
The no-code platform approach allows insurers to reach markets quickly and confidently, reducing business placement time and making product simplicity accessible for scaling and transforming life insurance offerings.
INSTANDA’s integration with UnderwriteMe aims to reduce technology costs for insurance carriers while delivering fast decision-making value to consumers.
This comes at a time when the industry faces talent shortages, particularly in software engineering and underwriting, and technology can help ease these burdens.
Tim Hardcastle, co-founder and CEO of INSTANDA, said: “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 partnership offers a winning formula that will play an important role in accelerating the expansion of our life and health proposition.”
James Tait, CEO of UnderwriteMe, added: “We are excited to collaborate with INSTANDA and, through the integration of their product with ours, help more insurers make the move towards greater digitisation.
“The integration means it is even easier for life insurers to 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.”
