INSTANDA and ADROSONIC to speed up digital transformation in the insurance industry
By Megha Bhattacharya
Digital consulting firm ADROSONIC has teamed up with UK-based SaaS insurance software platform, INSTANDA. The collaboration is expected to empower insurers with the agility to price risk in ways that meet the client’s needs in a changing post-Covid-19 world.
INSTANDA is a no-code business platform that aims to allow insurers to break into new markets as well as overcome the drawbacks of legacy IT systems and embrace the benefits of digital transformation.
Tim Hardcastle, the CEO & Founder of INSTANDA, said, “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.”
“Given the paradigm shift that the market is undergoing, partnership models need to demonstrate not just agility and flexibility but to do so with high quality execution. ADROSONIC and INSTANDA have an outstanding track record of delivery so I am excited at what we can offer insurers to realise their ambitions and bring new ideas to market,” Hardcastle added.
Recently, INSTANDA announced the launch of its integration marketplace. The new virtual marketplace allows insurers to select pre-integrated technology solutions. The company’s clients will now be able to integrate with other digital platforms such as Hubspot, Sage50 and Salesforce, Docusign, and Hyperscience. The company also collaborated with Capco to speed up the ongoing digital transformation in insurance. The partnership will enable Capco to use INSTANDA’s cloud-based digital insurance software for supporting its clients’ transformation needs
“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,” said Mayank, CEO & MD, ADROSONIC.
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