AI TOOL PROFILE
instanda: Insurance Policy Administration and Distribution Software
- Finance and Accounting
- Insurance Software
- Managing General Agents (MGAs)
- Property & Casualty insurance carriers
- Life and Health insurance carriers
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
At a glance
- Best for
- Managing General Agents (MGAs), Property & Casualty insurance carriers, Life and Health insurance carriers
- Key use cases
- Launching New Insurance Products, Digitalizing the Quote-and-Bind Process, Managing Multi-Regional Compliance, Automating Policy Administration
- Integrations
- Microsoft Azure, REST API, SOAP services, WebHooks
- Official website
- Visit instanda official website
How AI is used
instanda is a cloud-native Policy Administration and Distribution System (PAS) built on Microsoft Azure. It uses a no-code approach designed to let business teams manage product definitions, rating engines, and document generation.
The platform is built for insurance carriers—including Life, Health, and Property & Casualty—as well as Managing General Agents (MGAs). It supports distribution channels including B2C, B2B, and B2B2C, and provides tools for broker and customer self-service.
Beyond administration, the software includes embedded AI capabilities designed to assist underwriters with decision-making and reduce manual operational tasks. It also supports First Notice of Loss (FNOL) claims administration.
Buyers should note that the system requires specific technical training. The vendor requires a minimum of two team members to be trained as certified superusers to lead internal configuration efforts.
Key Features
No-Code Product Configuration
Supports the definition of question sets, rating rules, and documents without manual coding.
AI-Augmented Underwriting
Embedded AI designed to support underwriting decisions and reduce operational friction.
Digital Distribution Portals
Supports quote-and-bind capabilities across B2C, B2B, and B2B2C channels with white-label options.
API-First Architecture
A cloud-native design that supports connectivity with third-party applications and external data feeds.
FNOL Claims Administration
Tools for processing First Notice of Loss and administering insurance claims.
Rating Engines and Document Generation
Configurable tools for calculating premiums and generating policy documentation.
Use Cases
Launching New Insurance Products
Using no-code tools to move from product concept to go-live for specialty or MVP products.
Digitalizing the Quote-and-Bind Process
Providing agents and customers with quoting and binding capabilities via digital portals.
Managing Multi-Regional Compliance
Configuring product attributes and forms to meet regulatory requirements across different states or countries.
Automating Policy Administration
Managing renewals, policy adjustments, and data reporting through a cloud platform.
Integrations
- Microsoft Azure
- REST API
- SOAP services
- WebHooks
FAQ
Is instanda a no-code or low-code platform?
- instanda is a fully no-code insurance PAS platform, which allows business teams to configure product builds, ratings, and documents without writing code.
Who is the target audience for instanda?
- The platform is designed for Insurance Carriers (specifically Life and Health, and Property & Casualty) and Managing General Agents (MGAs).
How does instanda handle system integrations?
- It uses an API-first, cloud-native architecture supporting REST and SOAP services, WebHooks, and middleware to connect with third-party systems.
What training is required to use the platform?
- Clients use self-paced Foundation Training, and the vendor requires at least two team members to be certified as superusers.
Source category: Finance & Accounting
Source subcategory: Insurance Software
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