INSTANDA
INSTANDA provides a cloud-native, no-code digital policy administration system for insurers, enabling rapid creation and management of complex insurance products.
Services
INSTANDA offers a cloud-native, no-code, core digital policy administration system designed specifically for carriers and managing general agents (MGAs). The platform enables users to design, rate, quote, underwrite, bind, issue, and service complex insurance products efficiently. It supports both property & casualty and life & health insurance lines, allowing insurers to create, distribute, manage, and report on these products with ease.
Platform Features
The INSTANDA platform provides a fully customizable policy administration system that supports rapid speed to market and lower overall total cost of ownership (TCO). Key features include automated underwriting, comprehensive policy management, group policies, and ad hoc reporting capabilities. The platform's no-code technology empowers insurers to build digital products without the need for coding while integrating seamlessly with existing ecosystems and technology environments.
Global Presence
INSTANDA operates globally with locations in the UK, US, Canada, Chile, and Australia. This broad geographic footprint allows INSTANDA to support a diverse range of clients, offering solutions that help insurers modernize IT systems and create seamless customer experiences across different markets. The platform’s flexibility and scalability enable it to cater to a wide array of regional insurance needs.
Integration Capabilities
INSTANDA's platform supports integrations with hundreds of world-class systems and data sources, including customer relationship management (CRM) and financial management tools. This capability ensures that insurers can modernize their IT infrastructure while seamlessly incorporating crucial external systems to enhance overall business operations.
Product Innovation and Speed to Market
One of the standout benefits of the INSTANDA platform is its ability to help insurers innovate at scale and deliver solutions to market quickly. The platform allows for the creation of digital insurance products that can be distributed through various channels, including direct-to-consumer and broker portals. With the ability to launch new products within 8-12 weeks, insurers can rapidly respond to market demands and consumer needs.