Joyn Insurance partners with Commit USA to develop insurtech platform
Commit USA, a global technology and custom software solutions company, and Joyn Insurance, a New York City-based insurtech startup, have formed a partnership to support the development of Joyn’s new platform, which is slated to launch this year.
Commit was tapped to help with both design and development of the new platform’s user experience. The company’s expert development team has been fully integrated alongside Joyn’s existing engineering team members and partners to ensure seamless collaboration and rapid development throughout the project.
Commit was selected for its comprehensive range of engineering and data capabilities, development expertise and customer-centric approach, which were critical to addressing the unique complexities and usability challenges of developing Joyn’s solution.
“Joyn is bringing big ideas to the insurance industry and is backed by brilliant executives and innovators who have already helped shape the world of insurtech. It’s exciting to support their vision and be part of this transformation,” said Max Nirenberg, CRO & managing director, Commit USA. “Joyn’s platform is truly a best-in-class solution that addresses the biggest pain points experienced by underwriters and brokers in the commercial insurance industry. It’s the future of underwriting for small and middle markets.”
Joyn is a data-centric, technology-driven managing general agent (MGA) that provides commercial insurance to the highly fragmented US small and middle markets. Leveraging real-time data, automation and a robust technology stack, the platform can significantly improve the commercial insurance experience, by streamlining and bringing consistency to underwriting processes and decision making. Joyn’s platform can greatly expedite response times for quotes, increase transparency during the underwriting process, and provide a policy at bind.
“This segment of the commercial insurance market is fragmented and rife with inefficiencies, redundancies and lost opportunities for brokers and their clients. Data and technology are the keys to solving these issues,” said Ed McGough, CTO and co-founder, Joyn Insurance. “Partnering with an organisation like Commit, who has both scale and a startup mindset, was an easy decision. We have access to top engineering talent in multiple geographies, without the complexity of managing a global team and operation. Max and his team work seamlessly with Joyn and our existing partners.”
Joyn Insurance was founded by a team of insurance executives that are both industry veterans, and technology advocates, including CEO Seraina Macia and CTO Ed McGough. The team at Joyn will work with retail brokers to provide insurance services across a range of industries, including real estate, manufacturing, services, retail, wholesale and contracting.
Integral to Commit operations is its proprietary Flexible R&D methodology, which offers the firm’s multidisciplinary development services via a unique on-demand model. Commit’s approach often reduces development costs by over 40 percent for its startup clients and has helped 90 percent release their projects ahead of schedule.
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