Indian digital consulting firm Adrosonic has joined forces with Instanda, a UK-based SaaS insurance software platform, to fast-track insurance industry’s digital transformation.
The partnership will leverage insurance domain expertise of Adrosonic and no code platform of Instanda to equip insurers with the agility to price risk in ways that meet the customer’s needs in post-Covid-19 world.
Instanda CEO and founder Tim Hardcastle said the partnerships play a key role in the insurance industry, not merely for the growth and expansion of the business involved, but also for the transformation of the industry.
“The new partnership with Adrosonic is exciting as it provides capability to new markets in North America, India, Middle East as well as Europe,” Hardcastle said.
Adrosonic CEO & MD Mayank said that the tie-up would provide insurers with innovative digital product and customer propositions for new markets as well as liberate insurers from inflexible legacy tech and from high-risk, high-cost and multi-year change programs.
“An unprecedented event like Covid-19 has left a sudden yet profound impact on the insurance industry and their IT Systems, as they are now subject to rigorous scrutiny following the rapid shifting of entire workplaces online that was forced due to the pandemic,” Mayank added.
In such a scenario, Instanda”s no-code platform coupled with Adrosonic”s domain expertise along with a wide range of digital accelerators are key in liberating insurers from inflexible legacy technologies, he added.
Instanda claims that it is the insurance industry’s first no-code business platform. It allows insurance companies to venture into new markets and overcome the drawbacks of legacy IT systems and embrace the benefits of digital transformation.
It works with the key carriers, MGA’s and brokers in UK, Europe, North America, LATAM, Africa, Middle East and Australia.