INSTANDA operates exclusively through Software-as-a-Service (SaaS) and is a radically different approach to insurance product innovation. INSTANDA’s no-code product design platform is built on a powerful set of insurance specific calculations, processing and workflow capabilities. Design. Build. Launch. INSTANDA integrates seamlessly with your existing systems to give you a powerful product launch platform. Their global community of clients help determine INSTANDA’s roadmap, making it a truly responsive, low risk insurance product enabler. INSTANDA works with the world’s largest and most progressive carriers, MGAs and brokers in UK, Europe, US, Canada, LATAM and Australia converting the lethargic back office to an agile front office, freeing the industry from high cost legacy systems. Using INSTANDA, organisations can now think and act at the same speed, where rates, questions, documents, customer journeys can be amended in minutes and new products can be launched in days and weeks. ROI is delivered in weeks via dramatically reduced product manufacturing, underwriting and distribution costs with unrivalled customer experience.
“For us, system selection came down to three components: no-code, API capabilities, people. No-code is a game-changer. Because we don’t have legacy systems or dozens of software engineers to do the work, we can take our regulatory files- which are done in Excel-and migrate them into INSTANDA without using code. Without the open-API capabilities INSTANDA has, none of that would be possible. We can effectively underwrite, price, and deliver a policy with no-touch by using those APIs to hit thirdparty data and help us underwrite and deliver that policy. We view the INSTANDA team as an extension of our own making this possible. My wife and I use the system ourselves. We can be 300 miles from our home sitting on the beach, open our Savvi app, and we can see that there’s absolutely nothing going on in our house. That’s real peace of mind.”
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