Qantev, an AI-driven claims management platform specialising in health and life insurance, has partnered with INSTANDA to provide insurers with an integrated solution to streamline policy administration and optimise claims processing.
The partnership addresses key challenges insurers face, including the need for faster product launches, automation of claims processes, and improved customer satisfaction.
By combining INSTANDA’s no-code policy administration with Qantev’s AI-powered claims management, insurers will be able to enhance operational efficiency and improve decision-making through advanced data analytics.
Through this collaboration, insurers will gain an end-to-end solution that enables them to launch new products swiftly, automate key insurance processes, and enhance claims accuracy using AI-driven insights. The partnership also supports fraud detection, waste management, and network performance optimisation, helping insurers reduce costs and streamline workflows.
Tarik Dadi, CEO and founder of Qantev, said, “By combining INSTANDA’s agile product development, distribution and policy administration capabilities with Qantev’s AI claims management features, we’re offering insurers a comprehensive solution that addresses both front-end and back-end challenges. A perfect storm of increased costs, medical inflation, post-COVID backlogs, chronic diseases, an ageing population, and increased demand means healthcare insurers can no longer keep up with paperwork, jeopardising their profit margins. By combining our Claims AI expertise with INSTANDA’s no-code core insurance platform, we are setting a new standard for what is possible in reducing claims leakage, improving insurers’ loss ratios and elevating customer experience. This partnership is a step forward in our mission to enhance the performance of health and life insurers around the globe using cutting-edge AI.”
Will Wood, director, life and health insurance at INSTANDA, added, “INSTANDA is delighted to partner with Qantev. The life and health insurance industry is a market that is overdue a technological revamp. Our combined technologies will empower insurers to grow revenue, streamline operations, reduce costs, and deliver exceptional customer experiences.”
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