INSTANDA launches integration marketplace for insurers

By Megha Bhattacharya

Digital platform for the insurance industry, INSTANDA, today 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.

Gari Gono, Head of Solutions, INSTANDA commented, “Technology platforms like Hubspot and Hyperscience are transforming the banking and insurance industry, allowing businesses to improve and automate everything from their customer relationships to their finances.”

“The challenge is, many insurers aren’t adopting these new technologies because it is costly and difficult to integrate them into their existing infrastructure. Our marketplace provides a solution to this. With INSTANDA, these solutions are pre-integrated and ready to go. Insurers for too long have been held back by legacy technology, with the INSTANDA marketplace this is now no longer the case”

INSTANDA stated that the marketplace will over connectivity to over 200 platforms including customer relationship management, data ingestion, AI/Chatbots, IOT for home, etc. The marketplace will be expanding in 2021. . INSTANDA’s marketplace aims to provide a one-stop-shop where platforms are pre-integrated. This acceleration offers multiple benefits, as insurers immediately bypass expensive and time-consuming integration projects.

Recently, INSTANDA teamed up with Capco to speed up the ongoing digital transformation in insurance. The partnership enables Capco to use INSTANDA’s cloud-based digital insurance software for supporting its clients’ transformation needs.

INSTANDA operates exclusively through Software-as-a-Service (SaaS) and aims to adopt a radically different approach to insurance product innovation. Its no-code product design platform is built on a set of insurance specific calculations, processing and workflow capabilities.