INSTANDA integrates life offering with Swiss Re’s underwriting platform, Magnum

INSTANDA, a no-code, digital platform for insurance carriers and managing general agents, has integrated its Life offering with reinsurance giant, Swiss Re’s automated underwriting platform, Magnum, enabling the creation of one ecosystem designed to create an all-in-one (online) customer journey.

Through extensive expertise and experience within the Life and Health sector, the collaboration between the two firms will reportedly offer an integrated solution for UK Life insurers.

Through this unique collaboration, customers will now be offered a system that offers a faster, more seamless way of applying for life insurance.

As Reinsurance News understands, a global roll-out of the product-line is expected to follow soon after.

It was also revealed that both INSTANDA and Swiss Re collaborated with a delivery partner, Yovant, to facilitate a rapid and seamless integration of the two technologies.

“For some time, we have been engaged in strategic discussions with Swiss Re regarding the integration of INSTANDA’s no-code technology with Magnum, Swiss Re’s cloud-based underwriting platform. This collaboration marks a significant step toward creating a more efficient and seamless experience for both (re/)insurers and their customers. It is gratifying to see this collaboration come to fruition, delivering meaningful value to the industry,” commented Will Wood, Director of Life and Health at INSTANDA.

“Embedding Magnum into INSTANDA’s cloud platform is a natural step for Swiss Re. We are excited to collaborate in an end-to-end ecosystem, providing customers with an enhanced experience and benefiting the broader industry with seamless integrations,” said Anita Munford, Head Magnum & L&H Solutions Delivery EMEA at Swiss Re.

“We are thrilled to be part of a collaboration that can have such a positive industry impact. In collaborations like these, it is essential that the ecosystem feels seamless, with both technologies working in perfect harmony. From the outset, we have observed a strong synergy between INSTANDA and Swiss Re, driving the development of a final product that we are proud to have played a role in facilitating,” added Mahender Nagunoori, Chief Digital Officer at Yovant.

In related news, mea, the GenAI-powered global platform for insurers, recently announced that Swiss Re has selected its platform to enhance its insurance and reinsurance operations, strengthening their existing partnership.

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