Instanda, a global provider of SaaS platform technology for life insurance distribution and policy administration, has partnered with UnderwriteMe, a SaaS underwriting platform provider for the life insurance industry.
The collaboration will allow clients to implement Instanda’s distribution and policy administration platform while benefiting from underwriting automation through UnderwriteMe across global markets.
The integration will be available in four main markets: the UK and Ireland, North America, Australia and New Zealand and Asia.
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 collaboration 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.”