House of Insurtech launches underwriting-as-a-service platform
London-based House of Insurtech has launched a new cloud-based 'underwriting-as-a-service' platform, called Insurforce, that aims to lower administration cost, and increase flexibility for insurers, MGAs and brokers.
According to the company, the API-driven system speeds up the process of building “quote and buy”, and is is suitable for both general insurance (CL and PL) and life and pensions including from indicative quote to full medical questionnaire.
James Downes, founder of House of Insurtech, said: “There is a real bottleneck in the industry in getting products online, we want to change that to allow the industry to be faster moving, more innovative and more responsive to its customers’ needs. Having a scaleable platform means that we can meet these needs whether it’s replacing a spreadsheet driven single product or a complex risk calculation including 3rd party data.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Lloyd's managing agent Vibe closes business units blaming tough market Dorian losses for the US projected at $500m-$1.5bn: RMS
Risk trading insurtech AkinovA donates ILS assets to ACORD
AXA XL promotes trio to grow UK book of business
Newly-formed Commonwealth Insurance Forum aims to champion the industry
Feature: 10 ways insurers are using insurtech to drive new business
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk