INSTANDA bolsters international expansion with first European partnership
- 01.07.2020 01:03 pm
INSTANDA, the leading customer and policy management platform for the insurance industry, has today announced a new European partnership with Softelligence, the European technology and consulting company, to further accelerate the digital transformation of the insurance industry.
The strategic partnership will enable INSTANDA to further expand its global reach and support its mission to drive forward the digital transformation of the whole insurance industry globally.
The need for digital transformation of insurance to deliver better insurance and improved operational efficiencies has never been more important than in the wake of Covid-19.
It is the insurtech’s first partnership in Europe and adds to its growing global partner network which includes heavyweights Deloitte, Microsoft, and regional partnerships like Exponential in LATAM. The announcement follows on from INSTANDA’s $19.5m Series A fundraising round in March to support the firm’s international expansion, and subsequent appointment of Steven Haasz as Partnerships and European Accounts Director in May, to lead European growth.
Tim Hardcastle, CEO & Founder of INSTANDA, comments: “We are delighted to announce our partnership with Softelligence today. As our first strategic partnership in Europe, this is a significant milestone which marks the continued expansion of our global network. INSTANDA was born out of a belief that technology should promote innovation, not hinder it. As the industry’s first no code platform to cover all lines of insurance, we’re putting power back into the hands of product and business development teams and offering a seamless pathway towards digital transformation. Through our partnership with Softelligence, we are able to extend our reach even further and continue to help clients grow their markets, streamline their business and unleash their potential.”
Founded in 2006, growing to three offices in Romania and three in the UK, Softelligence’s mission is to create value and embed agility into the European insurance sector.
Daniel Jinga, Consulting Director, Softelligence: “Now, more than ever, our customers demand to accelerate their digital transformation journey. Our focus is to enable growth and optimize costs through cutting edge technology and an experienced team at every step, for insurers, brokers and MGAs. In this regard, we are excited to partner with INSTANDA, a leading insurance platform that is redefining digital engagement and insurance distribution. Our partnership is a strategic move that will empower us to deliver real value and differentiation for our customers by enabling them to launch new insurance products on a comprehensive underwriting and distribution platform in just a matter of weeks. INSTANDA provides a tangible solution to this challenge, working with insurers around the world to deliver products to market in a matter of weeks, as opposed to months. I am excited to join forces with such a forward-thinking business and drive forward its global expansion into Europe.”